Mather Group LLC. Sells 267 Shares of Moody’s Co. (NYSE:MCO)

Mather Group LLC. reduced its stake in Moody’s Co. (NYSE:MCO) by 16.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,363 shares of the business services provider’s stock after selling 267 shares during the quarter. Mather Group LLC.’s holdings in Moody’s were worth $645,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Haverford Trust Co lifted its stake in shares of Moody’s by 1.8% in the third quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock worth $580,000 after acquiring an additional 22 shares during the period. Stratos Wealth Advisors LLC lifted its stake in shares of Moody’s by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock worth $525,000 after acquiring an additional 23 shares during the period. Okabena Investment Services Inc. lifted its stake in shares of Moody’s by 0.8% in the third quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock worth $1,313,000 after acquiring an additional 23 shares during the period. McGlone Suttner Wealth Management Inc. lifted its stake in shares of Moody’s by 3.2% in the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 746 shares of the business services provider’s stock worth $353,000 after acquiring an additional 23 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Moody’s by 2.5% in the third quarter. Capital Advisors Ltd. LLC now owns 984 shares of the business services provider’s stock worth $467,000 after acquiring an additional 24 shares during the period. 92.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total transaction of $133,435.66. Following the completion of the sale, the chief executive officer now 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 filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 1,124 shares of company stock worth $540,051. 0.07% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on MCO. Citigroup initiated coverage on Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective on the stock. Stifel Nicolaus boosted their price target on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. UBS Group boosted their price target on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Wells Fargo & Company boosted their price target on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley boosted their price target on Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $507.36.

Moody’s Trading Up 0.5 %

NYSE MCO opened at $495.40 on Thursday. The business has a 50 day moving average price of $483.00 and a 200-day moving average price of $475.52. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $505.77. The company has a market cap of $89.77 billion, a price-to-earnings ratio of 45.24, a P/E/G ratio of 2.91 and a beta of 1.31. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69.

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.