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

Maj Invest Holding A S bought a new position in shares of Moody’s Co. (NYSE:MCO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 180 shares of the business services provider’s stock, valued at approximately $85,000.

Several other institutional investors have also recently made changes to their positions in MCO. M&T Bank Corp grew its stake in Moody’s by 11.2% in the third quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock worth $29,858,000 after purchasing an additional 6,340 shares during the period. Fiduciary Alliance LLC grew its position in shares of Moody’s by 32.5% in the 4th quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider’s stock worth $6,777,000 after buying an additional 3,510 shares during the period. Burney Co. bought a new position in shares of Moody’s in the 4th quarter worth about $6,775,000. Mizuho Securities USA LLC lifted its position in Moody’s by 567.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider’s stock valued at $38,338,000 after acquiring an additional 68,674 shares during the period. Finally, Jennison Associates LLC boosted its stake in Moody’s by 22.6% during the third 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 in the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Price Performance

NYSE MCO opened at $489.21 on Monday. 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 Co. has a 1-year low of $360.05 and a 1-year high of $503.95. The stock has a market capitalization of $88.65 billion, a price-to-earnings ratio of 44.68, a PEG ratio of 2.82 and a beta of 1.30. The business’s fifty day moving average price is $481.00 and its 200-day moving average price is $472.93.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Robert W. Baird boosted their target price on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Wells Fargo & Company raised their price target on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. 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 target on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. One 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $507.36.

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 value of $133,087.22. Following the completion of the sale, the chief executive officer now directly owns 61,894 shares in the company, valued at $29,314,236.28. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Over the last three months, insiders have sold 843 shares of company stock valued at $401,119. 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.