Moody’s Co. (NYSE:MCO) Shares Bought by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in Moody’s Co. (NYSE:MCO) by 230.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,725 shares of the business services provider’s stock after purchasing an additional 3,296 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Moody’s were worth $2,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Planning Capital Management Corp raised its holdings in Moody’s by 566.7% during the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after buying an additional 51 shares during the period. Larson Financial Group LLC grew its holdings in shares of Moody’s by 272.2% during the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 49 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in Moody’s during the third quarter valued at $36,000. Asset Dedication LLC lifted its stake in Moody’s by 83.0% in the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after acquiring an additional 39 shares in the last quarter. Finally, Albion Financial Group UT acquired a new stake in Moody’s during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Stock Performance

Shares of MCO opened at $485.84 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. Moody’s Co. has a one year low of $360.05 and a one year high of $503.95. The company’s fifty day moving average price is $480.61 and its 200 day moving average price is $472.19. The company has a market capitalization of $88.03 billion, a PE ratio of 44.37, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.32. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Moody’s had a return on equity of 57.97% and a net margin of 29.05%. The firm’s revenue was up 23.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.43 EPS. As a group, analysts expect that Moody’s Co. will post 12.39 earnings per share for the current year.

Insider Transactions at Moody’s

In related news, SVP Caroline Sullivan sold 1,681 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $462.40, for a total transaction of $777,294.40. Following the transaction, the senior vice president now owns 1,415 shares of the company’s stock, valued at approximately $654,296. The trade was a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Fauber sold 281 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total transaction of $133,087.22. Following the completion of the sale, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at approximately $29,314,236.28. This trade represents a 0.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,524 shares of company stock worth $1,178,413 over the last three months. 0.07% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MCO. UBS Group upped their target price on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their target price on shares of Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research note on Tuesday. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Oppenheimer lifted their price objective on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Robert W. Baird boosted their target price on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Moody’s has an average rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.