Moody’s Co. (NYSE:MCO) Stake Raised by Signaturefd LLC

Signaturefd LLC increased its holdings in Moody’s Co. (NYSE:MCO) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,424 shares of the business services provider’s stock after acquiring an additional 320 shares during the period. Signaturefd LLC’s holdings in Moody’s were worth $2,100,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Moody’s by 1.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,034 shares of the business services provider’s stock worth $2,864,000 after purchasing an additional 65 shares in the last quarter. Northwest Investment Counselors LLC raised its stake in shares of Moody’s by 0.8% during the 3rd quarter. Northwest Investment Counselors LLC now owns 9,245 shares of the business services provider’s stock worth $4,388,000 after purchasing an additional 73 shares in the last quarter. Castleview Partners LLC raised its stake in shares of Moody’s by 2.9% during the 3rd quarter. Castleview Partners LLC now owns 982 shares of the business services provider’s stock worth $466,000 after purchasing an additional 28 shares in the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of Moody’s by 7.7% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 723 shares of the business services provider’s stock worth $343,000 after purchasing an additional 52 shares in the last quarter. Finally, Slow Capital Inc. raised its stake in shares of Moody’s by 1.4% during the 3rd quarter. Slow Capital Inc. now owns 7,280 shares of the business services provider’s stock worth $3,455,000 after purchasing an additional 100 shares in the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody’s Trading Down 4.0 %

Shares of MCO opened at $467.69 on Wednesday. The stock has a fifty day moving average price of $478.09 and a two-hundred day moving average price of $437.39. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.52 and a current ratio of 1.52. Moody’s Co. has a 52-week low of $298.86 and a 52-week high of $495.10. The company has a market cap of $85.40 billion, a price-to-earnings ratio of 51.06, a PEG ratio of 3.10 and a beta of 1.29.

Moody’s (NYSE:MCO) last released its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 EPS for the quarter, beating the consensus estimate of $2.75 by $0.46. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.71 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same period last year, the firm earned $2.43 EPS. Analysts predict that Moody’s Co. will post 11.46 EPS for the current fiscal year.

Insider Activity

In other news, insider Stephen T. Tulenko sold 500 shares of Moody’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $464.06, for a total value of $232,030.00. Following the completion of the sale, the insider now directly owns 6,647 shares of the company’s stock, valued at approximately $3,084,606.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Stephen T. Tulenko sold 500 shares of Moody’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $464.06, for a total transaction of $232,030.00. Following the completion of the sale, the insider now directly owns 6,647 shares of the company’s stock, valued at $3,084,606.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen T. Tulenko sold 569 shares of Moody’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $444.26, for a total value of $252,783.94. Following the sale, the insider now directly owns 8,147 shares of the company’s stock, valued at approximately $3,619,386.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,931 shares of company stock valued at $1,332,825. Company insiders own 0.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MCO shares. Raymond James downgraded Moody’s from a “market perform” rating to an “underperform” rating in a research note on Monday, September 23rd. Stifel Nicolaus increased their price objective on Moody’s from $443.00 to $454.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Bank of America raised their target price on Moody’s from $430.00 to $510.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Wells Fargo & Company raised their target price on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, UBS Group raised their price objective on Moody’s from $455.00 to $470.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $488.46.

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.