Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Lowers Holdings in Moody’s Co. (NYSE:MCO)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its stake in shares of Moody’s Co. (NYSE:MCO) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,109 shares of the business services provider’s stock after selling 25 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Moody’s were worth $1,046,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Atomi Financial Group Inc. raised its stake in Moody’s by 4.8% during the third quarter. Atomi Financial Group Inc. now owns 608 shares of the business services provider’s stock worth $289,000 after purchasing an additional 28 shares during the period. Brookstone Capital Management increased its holdings in shares of Moody’s by 4.2% during the 3rd quarter. Brookstone Capital Management now owns 1,611 shares of the business services provider’s stock worth $765,000 after buying an additional 65 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Moody’s by 392.9% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,380 shares of the business services provider’s stock worth $655,000 after buying an additional 1,100 shares during the period. Ritholtz Wealth Management boosted its holdings in Moody’s by 4.0% in the third quarter. Ritholtz Wealth Management now owns 1,933 shares of the business services provider’s stock valued at $917,000 after acquiring an additional 74 shares during the last quarter. Finally, Crestmont Private Wealth LLC grew its position in Moody’s by 6.9% during the third quarter. Crestmont Private Wealth LLC now owns 1,065 shares of the business services provider’s stock valued at $505,000 after acquiring an additional 69 shares during the period. 92.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MCO. Oppenheimer raised their price objective on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Stifel Nicolaus lifted their price target on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. BMO Capital Markets increased their price objective on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Citigroup began coverage on Moody’s in a research report on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective on the stock. One 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’s stock. According to data from MarketBeat.com, Moody’s has an average rating of “Moderate Buy” and a consensus price target of $507.36.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction of $133,435.66. Following the completion of the transaction, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at $29,390,984.84. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 1,124 shares of company stock worth $540,051. Insiders own 0.07% of the company’s stock.

Moody’s Stock Performance

Shares of MCO opened at $503.51 on Monday. The firm has a market cap of $91.24 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 2.93 and a beta of 1.31. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. The business’s 50 day moving average is $482.99 and its two-hundred day moving average is $476.38. Moody’s Co. has a 52-week low of $360.05 and a 52-week high of $506.27.

Moody’s 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.