BSW Wealth Partners Boosts Stock Holdings in Moody’s Co. (NYSE:MCO)

BSW Wealth Partners increased its stake in Moody’s Co. (NYSE:MCO) by 7.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,100 shares of the business services provider’s stock after acquiring an additional 77 shares during the period. BSW Wealth Partners’ holdings in Moody’s were worth $521,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. M&T Bank Corp grew its holdings in shares of Moody’s by 11.2% in the third quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock worth $29,858,000 after purchasing an additional 6,340 shares during the last quarter. Fiduciary Alliance LLC boosted its position in Moody’s by 32.5% during the 4th quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider’s stock valued at $6,777,000 after buying an additional 3,510 shares during the period. Burney Co. purchased a new position in shares of Moody’s in the fourth quarter valued at about $6,775,000. Mizuho Securities USA LLC raised its stake in shares of Moody’s by 567.2% during the third quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider’s stock valued at $38,338,000 after acquiring an additional 68,674 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of 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 worth $1,107,344,000 after purchasing an additional 430,878 shares during the period. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MCO shares. Evercore ISI assumed coverage on Moody’s in a report on Wednesday, October 2nd. They set an “outperform” rating and a $521.00 price target on the stock. Oppenheimer upped their target price on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company lifted their price target on shares of Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Stifel Nicolaus upped their price objective on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Citigroup initiated 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 on the stock. One equities 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $507.36.

Insider Activity at Moody’s

In other news, CEO Robert Fauber sold 281 shares of the company’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 value of $133,435.66. Following the transaction, the chief executive officer now owns 61,894 shares in the company, valued at approximately $29,390,984.84. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 843 shares of company stock valued at $401,119. 0.07% of the stock is owned by insiders.

Moody’s Trading Down 0.7 %

Moody’s stock opened at $489.42 on Thursday. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $503.95. 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 business’s fifty day simple moving average is $481.97 and its two-hundred day simple moving average is $473.88. The company has a market capitalization of $88.68 billion, a price-to-earnings ratio of 44.70, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30.

Moody’s Company 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.