Mirae Asset Global Investments Co. Ltd. Has $7.83 Million Holdings in Moody’s Co. (NYSE:MCO)

Mirae Asset Global Investments Co. Ltd. raised its stake in Moody’s Co. (NYSE:MCO) by 23.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,454 shares of the business services provider’s stock after buying an additional 3,136 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Moody’s were worth $7,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MCO. Planning Capital Management Corp boosted its stake in Moody’s by 566.7% during the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after acquiring an additional 51 shares during the last quarter. Larson Financial Group LLC raised its holdings in Moody’s by 272.2% in the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 49 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Moody’s during the third quarter worth $36,000. Asset Dedication LLC grew its holdings in shares of Moody’s by 83.0% in the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after buying an additional 39 shares during the period. Finally, Albion Financial Group UT bought a new stake in shares of Moody’s in the 4th quarter valued at $45,000. Institutional investors own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

MCO has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Stifel Nicolaus boosted their price objective on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. UBS Group raised their target price on shares of Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Citigroup initiated coverage on shares of Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 price target for the company. Finally, StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. One 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Price Performance

Shares of NYSE MCO opened at $503.51 on Friday. Moody’s Co. has a fifty-two week low of $360.05 and a fifty-two week high of $506.27. The stock has a market capitalization of $91.24 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 2.91 and a beta of 1.31. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The business has a 50-day moving average of $482.92 and a 200-day moving average of $475.85.

Insiders Place Their Bets

In related news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $494.42, for a total value of $138,932.02. Following the completion of the transaction, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at approximately $30,601,631.48. This trade represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 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.

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.