Mirae Asset Global Investments Co. Ltd. Acquires 3,136 Shares of Moody’s Co. (NYSE:MCO)

Mirae Asset Global Investments Co. Ltd. grew its holdings in Moody’s Co. (NYSE:MCO) by 23.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,454 shares of the business services provider’s stock after acquiring an additional 3,136 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Moody’s were worth $7,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Haverford Trust Co increased its position in Moody’s by 1.8% during the third quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock worth $580,000 after buying an additional 22 shares during the last quarter. Avitas Wealth Management LLC increased its holdings in shares of Moody’s by 0.8% during the 4th quarter. Avitas Wealth Management LLC now owns 2,803 shares of the business services provider’s stock valued at $1,327,000 after acquiring an additional 22 shares during the last quarter. Stratos Wealth Advisors LLC lifted its holdings in Moody’s by 2.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock worth $525,000 after purchasing an additional 23 shares during the last quarter. Okabena Investment Services Inc. boosted its position in Moody’s by 0.8% during the third quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock worth $1,313,000 after purchasing an additional 23 shares during the period. Finally, McGlone Suttner Wealth Management Inc. grew its holdings in Moody’s by 3.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 746 shares of the business services provider’s stock valued at $353,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

MCO has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price 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. Oppenheimer raised 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. Robert W. Baird upped 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. Citigroup started coverage on shares of Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective on the stock. Finally, BMO Capital Markets upped their target price 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 analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $507.36.

Moody’s Price Performance

Shares of MCO stock opened at $503.51 on Friday. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $506.27. The stock has a market capitalization of $91.24 billion, a PE ratio of 45.98, a PEG 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. The stock’s fifty day moving average is $482.92 and its 200-day moving average is $475.85.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was 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 $29,390,984.84. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 1,124 shares of company stock worth $540,051. 0.07% of the stock is currently owned by corporate 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.