Crews Bank & Trust Acquires Shares of 421 Moody’s Co. (NYSE:MCO)

Crews Bank & Trust purchased a new stake in Moody’s Co. (NYSE:MCO) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 421 shares of the business services provider’s stock, valued at approximately $199,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Moody’s by 0.9% during the third quarter. State Street Corp now owns 7,047,772 shares of the business services provider’s stock valued at $3,344,802,000 after purchasing an additional 63,556 shares in the last quarter. FMR LLC lifted its position in Moody’s by 12.3% during the third quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock valued at $3,123,294,000 after buying an additional 723,226 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Moody’s by 13.0% during the 3rd 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 buying an additional 416,535 shares in the last quarter. Jennison Associates LLC grew its position in shares of 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 buying an additional 430,878 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Moody’s by 32.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock worth $985,115,000 after acquiring an additional 502,891 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

MCO has been the topic of several research reports. Morgan Stanley boosted 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. UBS Group boosted their price target on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. BMO Capital Markets raised their price objective on Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus boosted their target price on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $507.36.

Moody’s Price Performance

NYSE MCO opened at $499.15 on Friday. 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 capitalization of $90.45 billion, a price-to-earnings ratio of 45.58, a PEG ratio of 2.82 and a beta of 1.30. The stock has a 50-day moving average of $482.26 and a 200 day moving average of $473.99. Moody’s Co. has a one year low of $360.05 and a one year high of $503.95.

Insider Transactions at Moody’s

In related news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total value of $133,435.66. Following the completion of the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at $29,390,984.84. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 843 shares of company stock worth $401,119 over the last three months. 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.