Moody’s Co. (NYSE:MCO) Shares Sold by Norris Perne & French LLP MI

Norris Perne & French LLP MI decreased its holdings in shares of Moody’s Co. (NYSE:MCO) by 1.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,844 shares of the business services provider’s stock after selling 540 shares during the quarter. Moody’s comprises about 1.8% of Norris Perne & French LLP MI’s investment portfolio, making the stock its 20th biggest position. Norris Perne & French LLP MI’s holdings in Moody’s were worth $24,541,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Planning Capital Management Corp increased its stake in shares of Moody’s by 566.7% during the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 51 shares during the last quarter. Larson Financial Group LLC increased its position in Moody’s by 272.2% during 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 last quarter. Catalyst Capital Advisors LLC purchased a new position in Moody’s during the third quarter worth approximately $36,000. Asset Dedication LLC boosted 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 purchasing an additional 39 shares during the last quarter. Finally, Albion Financial Group UT purchased a new stake in shares of Moody’s during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Insider Transactions at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total transaction of $133,087.22. Following the sale, the chief executive officer now owns 61,894 shares in the company, valued at $29,314,236.28. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders have sold 843 shares of company stock worth $401,119. 0.07% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. BMO Capital Markets lifted their target price on Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Morgan Stanley increased their target price 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. Oppenheimer lifted their price target on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Wells Fargo & Company increased their price objective 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. Finally, Robert W. Baird lifted their target price on shares of Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. One 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.com, Moody’s presently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Stock Performance

Shares of MCO opened at $499.15 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. Moody’s Co. has a 12-month low of $360.05 and a 12-month high of $503.95. The business’s fifty day moving average price is $482.26 and its 200 day moving average price is $473.99. The stock has a market capitalization of $90.45 billion, a PE ratio of 45.58, a price-to-earnings-growth ratio of 2.85 and a beta of 1.30.

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.