DAVENPORT & Co LLC Acquires 402 Shares of Moody’s Co. (NYSE:MCO)

DAVENPORT & Co LLC raised its holdings in shares of Moody’s Co. (NYSE:MCO) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,667 shares of the business services provider’s stock after purchasing an additional 402 shares during the period. DAVENPORT & Co LLC’s holdings in Moody’s were worth $2,209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. KG&L Capital Management LLC raised its position in Moody’s by 12.6% during the 4th quarter. KG&L Capital Management LLC now owns 1,390 shares of the business services provider’s stock valued at $658,000 after purchasing an additional 156 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Moody’s by 3.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,433 shares of the business services provider’s stock valued at $3,509,000 after purchasing an additional 234 shares during the last quarter. Caprock Group LLC bought a new position in Moody’s during the 4th quarter valued at approximately $2,547,000. Mediolanum International Funds Ltd bought a new position in shares of Moody’s in the 4th quarter worth approximately $15,543,000. Finally, Gilbert & Cook Inc. bought a new position in shares of Moody’s in the 4th quarter worth approximately $200,000. Institutional investors own 92.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MCO. Oppenheimer increased their target price on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company increased their target price on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Citigroup began coverage on Moody’s in a research report on Friday, December 20th. They issued a “buy” rating and a $565.00 target price for the company. UBS Group increased their target price on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their price target on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $507.36.

Insider Buying and Selling at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $478.99, for a total transaction of $134,596.19. Following the sale, the chief executive officer now directly owns 61,354 shares in the company, valued at approximately $29,387,952.46. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders have sold 1,124 shares of company stock worth $540,051. Insiders own 0.07% of the company’s stock.

Moody’s Stock Performance

Shares of MCO opened at $493.58 on Wednesday. The business’s fifty day simple moving average is $483.12 and its two-hundred day simple 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. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $505.77. The company has a market cap of $89.44 billion, a price-to-earnings ratio of 45.08, a P/E/G ratio of 2.91 and a beta of 1.31.

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.