560 Shares in Moody’s Co. (NYSE:MCO) Acquired by R Squared Ltd

R Squared Ltd bought a new stake in shares of Moody’s Co. (NYSE:MCO) during the 4th quarter, HoldingsChannel reports. The firm bought 560 shares of the business services provider’s stock, valued at approximately $265,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Haverford Trust Co increased its stake in Moody’s by 1.8% in the 3rd 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 in the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of Moody’s by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock worth $525,000 after acquiring an additional 23 shares during the period. Okabena Investment Services Inc. grew its position in shares of 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 in the last quarter. McGlone Suttner Wealth Management Inc. raised its stake in Moody’s by 3.2% during the 4th 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 period. Finally, Capital Advisors Ltd. LLC lifted its holdings in Moody’s by 2.5% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 984 shares of the business services provider’s stock worth $467,000 after purchasing an additional 24 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Insider Buying and Selling

In other news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total value of $133,435.66. Following the transaction, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,390,984.84. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 843 shares of company stock valued at $401,119 in the last ninety days. 0.07% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MCO. StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. UBS Group lifted their price target on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Evercore ISI initiated coverage on shares of Moody’s in a report on Wednesday, October 2nd. They set an “outperform” rating and a $521.00 price objective for the company. Citigroup began coverage on Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 target price on the stock. Finally, BMO Capital Markets increased their price target on 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $507.36.

Moody’s Stock Down 0.6 %

NYSE MCO opened at $493.01 on Wednesday. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $503.95. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. The company has a fifty day moving average of $481.48 and a two-hundred day moving average of $473.55. The firm has a market capitalization of $89.33 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 2.82 and a beta of 1.30.

About Moody’s

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.