Stratos Wealth Advisors LLC Has $506,000 Holdings in Moody’s Co. (NYSE:MCO)

Stratos Wealth Advisors LLC cut its holdings in Moody’s Co. (NYSE:MCO) by 3.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,069 shares of the business services provider’s stock after selling 38 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Moody’s were worth $506,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Planning Capital Management Corp raised its holdings in shares of Moody’s by 566.7% in the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 51 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Moody’s by 272.2% in the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 49 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Moody’s in the third quarter valued at $36,000. Asset Dedication LLC grew its stake in shares of Moody’s by 83.0% in the third 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 in the last quarter. Finally, Albion Financial Group UT bought a new position in shares of Moody’s in the fourth quarter valued at $45,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Stock Up 0.1 %

MCO stock opened at $503.51 on Friday. The company has a market cap of $91.24 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 2.91 and a beta of 1.31. The business has a 50-day simple moving average of $482.92 and a 200 day simple moving average of $475.85. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $506.27. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69.

Analyst Ratings Changes

Several equities analysts recently weighed in on MCO shares. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. 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 for the company. Oppenheimer raised their target price on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley lifted their price objective on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price objective on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was 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 owns 61,894 shares of the company’s stock, valued at $30,601,631.48. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 1,124 shares of company stock valued at $540,051 over the last quarter. 0.07% of the stock is owned by corporate insiders.

Moody’s Company 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.