Moody’s Co. (NYSE:MCO) Shares Bought by Choreo LLC

Choreo LLC raised its holdings in Moody’s Co. (NYSE:MCO) by 24.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,312 shares of the business services provider’s stock after buying an additional 842 shares during the period. Choreo LLC’s holdings in Moody’s were worth $2,042,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MCO. Planning Capital Management Corp grew its holdings in shares of Moody’s by 566.7% during the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after purchasing an additional 51 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Moody’s by 272.2% during the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 49 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of Moody’s during the third quarter worth about $36,000. Asset Dedication LLC grew its holdings in shares of Moody’s by 83.0% during the third 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 purchased a new position in shares of Moody’s during the fourth quarter worth about $45,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 1,124 shares of company stock worth $540,051. Company insiders own 0.07% of the company’s stock.

Moody’s Price Performance

MCO stock opened at $503.51 on Friday. The firm has a 50 day moving average of $482.92 and a 200-day moving average of $475.85. Moody’s Co. has a 12-month low of $360.05 and a 12-month high of $506.27. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. The company has a market cap of $91.24 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 2.91 and a beta of 1.31.

Analyst Ratings Changes

MCO has been the topic of a number of research reports. Citigroup initiated coverage on Moody’s in a report on Friday, December 20th. They set a “buy” rating and a $565.00 price target on the stock. BMO Capital Markets raised their price target on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Oppenheimer raised their price target on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Morgan Stanley raised their price target on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus raised their price target on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $507.36.

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.