Ninety One SA PTY Ltd Buys 332 Shares of Moody’s Co. (NYSE:MCO)

Ninety One SA PTY Ltd raised its stake in Moody’s Co. (NYSE:MCO) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,499 shares of the business services provider’s stock after purchasing an additional 332 shares during the period. Ninety One SA PTY Ltd’s holdings in Moody’s were worth $2,603,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. E. Ohman J or Asset Management AB lifted its stake in shares of Moody’s by 12.1% in the fourth quarter. E. Ohman J or Asset Management AB now owns 7,230 shares of the business services provider’s stock valued at $3,422,000 after buying an additional 780 shares during the period. Longboard Asset Management LP acquired a new position in Moody’s in the 4th quarter valued at approximately $253,000. Rockline Wealth Management LLC raised its holdings in Moody’s by 3.4% in the 4th quarter. Rockline Wealth Management LLC now owns 2,897 shares of the business services provider’s stock valued at $1,371,000 after acquiring an additional 95 shares in the last quarter. Calamos Wealth Management LLC bought a new stake in shares of Moody’s in the 4th quarter worth approximately $9,582,000. Finally, Trust Point Inc. grew its holdings in shares of Moody’s by 7.4% during the 4th quarter. Trust Point Inc. now owns 563 shares of the business services provider’s stock worth $267,000 after purchasing an additional 39 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 1,124 shares of company stock valued at $540,051 in the last 90 days. 0.07% of the stock is currently owned by insiders.

Moody’s Price Performance

Shares of MCO stock opened at $493.58 on Wednesday. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $505.77. The stock has a market capitalization of $89.44 billion, a PE ratio of 45.08, a PEG ratio of 2.91 and a beta of 1.31. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The stock’s fifty day moving average is $483.12 and its 200-day moving average is $475.16.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. BMO Capital Markets raised their price objective on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. 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 target price on the stock. UBS Group raised their price target on shares of Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their price objective on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $507.36.

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.