Kestra Private Wealth Services LLC Buys 57 Shares of Moody’s Co. (NYSE:MCO)

Kestra Private Wealth Services LLC raised its stake in shares of Moody’s Co. (NYSE:MCO) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 7,000 shares of the business services provider’s stock after purchasing an additional 57 shares during the period. Kestra Private Wealth Services LLC’s holdings in Moody’s were worth $3,314,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. International Assets Investment Management LLC raised its position in shares of Moody’s by 74,000.1% during the 3rd quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock valued at $343,935,000 after purchasing an additional 723,721 shares during the period. FMR LLC increased its stake in Moody’s by 12.3% in the 3rd quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after buying an additional 723,226 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Moody’s by 32.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock valued at $985,115,000 after acquiring an additional 502,891 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Moody’s by 22.6% in the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock worth $1,107,344,000 after acquiring an additional 430,878 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Moody’s by 13.0% during the third quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock worth $1,708,851,000 after purchasing an additional 416,535 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

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 stock was sold at an average price of $474.86, for a total transaction of $133,435.66. Following the transaction, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. This represents a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 1,124 shares of company stock valued at $540,051 over the last three months. 0.07% of the stock is owned by company insiders.

Moody’s Price Performance

Shares of Moody’s stock opened at $504.03 on Tuesday. The stock has a 50 day moving average price of $482.99 and a 200-day moving average price of $476.68. Moody’s Co. has a one year low of $360.05 and a one year high of $506.27. The stock has a market cap of $91.33 billion, a price-to-earnings ratio of 46.03, a price-to-earnings-growth ratio of 2.93 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.

Analyst Ratings Changes

MCO has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley boosted their target price on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Oppenheimer boosted their price target on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, BMO Capital Markets raised their price objective on Moody’s from $468.00 to $481.00 and gave the company 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.