abrdn plc Decreases Position in Moody’s Co. (NYSE:MCO)

abrdn plc trimmed its holdings in shares of Moody’s Co. (NYSE:MCO) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 157,846 shares of the business services provider’s stock after selling 12,199 shares during the quarter. abrdn plc owned 0.09% of Moody’s worth $74,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Planning Capital Management Corp increased 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 valued at $29,000 after acquiring an additional 51 shares in the last quarter. Larson Financial Group LLC grew its position in Moody’s by 272.2% during the 3rd 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 acquired a new position in Moody’s during the 3rd quarter valued at approximately $36,000. Asset Dedication LLC raised its holdings in shares of Moody’s by 83.0% in the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after buying an additional 39 shares during the last quarter. Finally, Albion Financial Group UT acquired a new stake in shares of Moody’s during the fourth quarter worth $45,000. 92.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Robert W. Baird upped their target price on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. Oppenheimer lifted their target price 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 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. Finally, BMO Capital Markets lifted their price objective on shares of Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $507.36.

Moody’s Stock Down 0.6 %

Shares of MCO opened at $493.58 on Wednesday. The firm has a market cap of $89.44 billion, a P/E ratio of 45.08, a PEG ratio of 2.91 and a beta of 1.31. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $505.77. The stock’s 50 day moving average is $483.12 and its two-hundred day moving average is $475.16. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69.

Insider Activity

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,314,236.28. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 1,124 shares of company stock worth $540,051 in the last quarter. Corporate insiders own 0.07% of the company’s stock.

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.