Rockline Wealth Management LLC Increases Stock Position in Moody’s Co. (NYSE:MCO)

Rockline Wealth Management LLC boosted its position in Moody’s Co. (NYSE:MCO) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,897 shares of the business services provider’s stock after buying an additional 95 shares during the quarter. Rockline Wealth Management LLC’s holdings in Moody’s were worth $1,371,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCO. State Street Corp boosted its holdings in Moody’s by 0.9% in 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 during the last quarter. FMR LLC grew its position in shares of Moody’s by 12.3% during the third quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after buying an additional 723,226 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Moody’s by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock worth $1,708,851,000 after purchasing an additional 416,535 shares during the last quarter. Jennison Associates LLC raised its stake in Moody’s by 22.6% during the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after buying an additional 430,878 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Moody’s by 32.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock worth $985,115,000 after purchasing an additional 502,891 shares during the period. 92.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley raised their price target on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Robert W. Baird raised their price target on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group upped their price objective on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Citigroup began coverage on Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $507.36.

Moody’s Trading Down 0.5 %

Moody’s stock opened at $496.81 on Tuesday. Moody’s Co. has a 1 year low of $360.05 and a 1 year high of $505.77. The firm’s 50 day moving average price is $483.06 and its two-hundred day moving average price is $474.82. The firm has a market cap 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 quick ratio of 1.67 and a current ratio of 1.67.

Insider Buying and Selling

In other news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total transaction of $133,087.22. Following the sale, the chief executive officer now owns 61,894 shares in the company, valued at $29,314,236.28. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 843 shares of company stock worth $401,119 in the last three months. 0.07% of the stock is currently owned by 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.