Moody’s Co. (NYSE:MCO) Shares Sold by Swedbank AB

Swedbank AB cut its holdings in shares of Moody’s Co. (NYSE:MCO) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,966 shares of the business services provider’s stock after selling 235 shares during the period. Swedbank AB’s holdings in Moody’s were worth $32,173,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MCO. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Moody’s by 10.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,506 shares of the business services provider’s stock valued at $1,897,000 after acquiring an additional 419 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Moody’s by 2.3% during the second quarter. B. Riley Wealth Advisors Inc. now owns 3,544 shares of the business services provider’s stock valued at $1,492,000 after purchasing an additional 81 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of Moody’s by 0.3% in the second quarter. Cetera Investment Advisers now owns 18,813 shares of the business services provider’s stock worth $7,919,000 after buying an additional 60 shares during the period. Coronation Fund Managers Ltd. purchased a new position in Moody’s during the 2nd quarter worth approximately $2,893,000. Finally, Sanctuary Advisors LLC acquired a new position in Moody’s during the second quarter valued at $2,766,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Price Performance

Moody’s stock opened at $499.15 on Friday. The business’s fifty day moving average is $482.26 and its two-hundred day moving average is $473.99. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $503.95. The firm has a market cap of $90.45 billion, a P/E ratio of 45.58, a P/E/G ratio of 2.82 and a beta of 1.30.

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 Thursday, January 2nd. The stock was 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 trade represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 843 shares of company stock worth $401,119. 0.07% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MCO shares. Wells Fargo & Company increased their target price on shares of Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped their target price on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. Robert W. Baird raised their price target on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Oppenheimer boosted their target price on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Citigroup assumed coverage on Moody’s in a research report on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Moody’s has a consensus rating of “Moderate Buy” and a consensus price target of $507.36.

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.