Moody’s Co. (NYSE:MCO) Position Increased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC raised its position in Moody’s Co. (NYSE:MCO) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 782 shares of the business services provider’s stock after purchasing an additional 60 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Moody’s were worth $370,000 at the end of the most recent quarter.

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

Moody’s Stock Up 4.4 %

NYSE MCO opened at $527.78 on Friday. Moody’s Co. has a twelve month low of $360.05 and a twelve month high of $528.09. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market cap of $95.63 billion, a PE ratio of 48.20, a PEG ratio of 2.93 and a beta of 1.31. The firm has a 50-day simple moving average of $483.65 and a 200 day simple moving average of $477.80.

Moody’s (NYSE:MCO) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.35. Moody’s had a return on equity of 57.97% and a net margin of 29.05%. On average, research analysts forecast that Moody’s Co. will post 12.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MCO. Citigroup initiated coverage on shares of Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective for the company. BMO Capital Markets increased their price objective on Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. UBS Group boosted their target price on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Morgan Stanley increased their price target on Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $473.62, for a total value of $133,087.22. Following the sale, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,314,236.28. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 843 shares of company stock valued at $405,455 in the last 90 days. 0.07% of the stock is currently owned by company insiders.

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.