Swedbank AB Lowers Stock Holdings in Moody’s Co. (NYSE:MCO)

Swedbank AB cut its holdings in shares of Moody’s Co. (NYSE:MCOFree Report) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,966 shares of the business services provider’s stock after selling 235 shares during the quarter. Swedbank AB’s holdings in Moody’s were worth $32,173,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MCO. Northwestern Mutual Wealth Management Co. lifted its holdings in Moody’s by 10.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,506 shares of the business services provider’s stock worth $1,897,000 after buying an additional 419 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Moody’s by 2.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 3,544 shares of the business services provider’s stock worth $1,492,000 after buying an additional 81 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Moody’s by 0.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,813 shares of the business services provider’s stock valued at $7,919,000 after purchasing an additional 60 shares during the last quarter. Coronation Fund Managers Ltd. purchased a new position in Moody’s in the 2nd quarter valued at $2,893,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Moody’s during the second quarter worth about $2,766,000. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Moody’s Price Performance

Shares of MCO stock opened at $499.15 on Friday. Moody’s Co. has a twelve month low of $360.05 and a twelve 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 company has a market capitalization of $90.45 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30. The firm has a fifty day simple moving average of $482.26 and a 200-day simple moving average of $473.99.

Insider Activity

In other Moody’s news, CEO Robert Fauber sold 281 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $478.99, for a total transaction of $134,596.19. Following the transaction, the chief executive officer now directly owns 61,354 shares in the company, valued at $29,387,952.46. This represents a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 843 shares of company stock worth $401,119 over the last ninety days. Corporate insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MCO. BMO Capital Markets increased their price objective on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus upped their target price on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. 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 price target on the stock. Wells Fargo & Company lifted their price objective on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Oppenheimer increased their price target on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One investment 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $507.36.

Get Our Latest Stock Report on MCO

Moody’s Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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