By otakuyassine3@gmail.com 
Rockline Wealth Management LLC lifted its stake in Moody’s Co. (NYSE:MCO – Free Report) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,897 shares of the business services provider’s stock after acquiring an additional 95 shares during the quarter. Rockline Wealth Management LLC’s holdings in Moody’s were worth $1,371,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Moody’s by 0.9% during the 3rd quarter. State Street Corp now owns 7,047,772 shares of the business services provider’s stock valued at $3,344,802,000 after buying an additional 63,556 shares during the last quarter. FMR LLC increased its holdings in shares of Moody’s by 12.3% during the 3rd quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock valued at $3,123,294,000 after acquiring an additional 723,226 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Moody’s by 13.0% in the third quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock valued at $1,708,851,000 after purchasing an additional 416,535 shares during the period. Jennison Associates LLC raised its holdings in Moody’s by 22.6% in the 3rd quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock worth $1,107,344,000 after acquiring an additional 430,878 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Moody’s by 32.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock valued at $985,115,000 after acquiring an additional 502,891 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on MCO shares. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Morgan Stanley raised their price objective on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Citigroup started coverage on shares of Moody’s in a research note on Friday, December 20th. They set a “buy” rating and a $565.00 target price for the company. Robert W. Baird lifted their price objective on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets raised their price objective on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $507.36.
Check Out Our Latest Stock Report on Moody’s
Insider Buying and Selling
In related news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $478.99, for a total value of $134,596.19. Following the completion of the transaction, the chief executive officer now owns 61,354 shares in the company, valued at $29,387,952.46. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 843 shares of company stock worth $401,119 in the last 90 days. Corporate insiders own 0.07% of the company’s stock.
Moody’s Trading Down 0.5 %
Shares of MCO opened at $496.81 on Tuesday. The stock has a fifty day moving average price of $483.06 and a two-hundred day moving average price of $474.82. 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 company has a market cap of $90.02 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 2.91 and a beta of 1.31. Moody’s Co. has a 52-week low of $360.05 and a 52-week high of $505.77.
About Moody’s
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.
See Also
Want to see what other hedge funds are holding MCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moody’s Co. (NYSE:MCO – Free Report).
Receive News & Ratings for Moody’s Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Moody’s and related companies with MarketBeat.com’s FREE daily email newsletter.