Maj Invest Holding A S Takes $85,000 Position in Moody’s Co. (NYSE:MCO)

Maj Invest Holding A S bought a new stake in shares of Moody’s Co. (NYSE:MCO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 180 shares of the business services provider’s stock, valued at approximately $85,000.

Several other hedge funds also recently bought and sold shares of MCO. State Street Corp lifted its position in shares of Moody’s by 0.9% in the third quarter. State Street Corp now owns 7,047,772 shares of the business services provider’s stock valued at $3,344,802,000 after acquiring an additional 63,556 shares in the last quarter. FMR LLC boosted its holdings in shares of Moody’s by 12.3% in the 3rd quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after purchasing an additional 723,226 shares during the period. Geode Capital Management LLC boosted its stake in Moody’s by 13.0% during the third quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock worth $1,708,851,000 after buying an additional 416,535 shares during the period. Jennison Associates LLC lifted its holdings in shares of Moody’s by 22.6% in the 3rd quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock worth $1,107,344,000 after acquiring an additional 430,878 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Moody’s by 32.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock worth $985,115,000 after purchasing an additional 502,891 shares during the period. Institutional investors own 92.11% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $473.62, for a total transaction of $133,087.22. Following the transaction, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at approximately $29,314,236.28. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 843 shares of company stock worth $401,119. 0.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on MCO shares. Evercore ISI assumed coverage on shares of Moody’s in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $521.00 price objective for the company. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. UBS Group boosted their target price on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Oppenheimer lifted their price objective on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Finally, BMO Capital Markets upped their target price on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $507.36.

Moody’s Trading Up 0.6 %

Shares of NYSE MCO opened at $489.21 on Monday. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $503.95. The business has a fifty day moving average price of $481.00 and a 200 day moving average price of $472.93. The stock has a market capitalization of $88.65 billion, a P/E ratio of 44.68, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67.

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.