Calamos Wealth Management LLC Purchases New Holdings in Moody’s Co. (NYSE:MCO)

Calamos Wealth Management LLC purchased a new position in Moody’s Co. (NYSE:MCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,242 shares of the business services provider’s stock, valued at approximately $9,582,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Trust Point Inc. raised its stake in Moody’s by 7.4% during the 4th quarter. Trust Point Inc. now owns 563 shares of the business services provider’s stock valued at $267,000 after buying an additional 39 shares during the last quarter. Citadel Investment Advisory Inc. grew its holdings in shares of Moody’s by 1.5% in the fourth quarter. Citadel Investment Advisory Inc. now owns 7,985 shares of the business services provider’s stock worth $3,780,000 after acquiring an additional 120 shares during the period. Spire Wealth Management lifted its holdings in Moody’s by 5,967.4% in the fourth quarter. Spire Wealth Management now owns 5,218 shares of the business services provider’s stock valued at $2,470,000 after acquiring an additional 5,132 shares during the period. DAVENPORT & Co LLC boosted its position in Moody’s by 9.4% in the fourth quarter. DAVENPORT & Co LLC now owns 4,667 shares of the business services provider’s stock worth $2,209,000 after purchasing an additional 402 shares during the last quarter. Finally, KG&L Capital Management LLC grew its stake in shares of Moody’s by 12.6% during the 4th quarter. KG&L Capital Management LLC now owns 1,390 shares of the business services provider’s stock valued at $658,000 after purchasing an additional 156 shares during the period. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Performance

Moody’s stock opened at $496.81 on Tuesday. The company has a market capitalization of $90.02 billion, a price-to-earnings ratio of 45.37, a price-to-earnings-growth ratio of 2.91 and a beta of 1.31. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The firm’s fifty day moving average price is $483.06 and its 200 day moving average price is $474.82. Moody’s Co. has a 12-month low of $360.05 and a 12-month high of $505.77.

Insider Activity

In related news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $478.99, for a total transaction of $134,596.19. Following the sale, the chief executive officer now owns 61,354 shares of the company’s stock, valued at $29,387,952.46. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 843 shares of company stock valued at $401,119. 0.07% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on MCO shares. Wells Fargo & Company lifted their price objective on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their price objective on shares of Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. BMO Capital Markets lifted their price target on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Citigroup initiated coverage on Moody’s in a research report on Friday, December 20th. They set a “buy” rating and a $565.00 price objective on the stock. Finally, StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.