Spire Wealth Management Increases Stock Holdings in Moody’s Co. (NYSE:MCO)

Spire Wealth Management raised its holdings in Moody’s Co. (NYSE:MCO) by 5,967.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,218 shares of the business services provider’s stock after purchasing an additional 5,132 shares during the period. Spire Wealth Management’s holdings in Moody’s were worth $2,470,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. DAVENPORT & Co LLC raised its position in Moody’s by 9.4% in the fourth quarter. DAVENPORT & Co LLC now owns 4,667 shares of the business services provider’s stock valued at $2,209,000 after purchasing an additional 402 shares during the period. KG&L Capital Management LLC grew its stake in shares of Moody’s by 12.6% in the fourth quarter. KG&L Capital Management LLC now owns 1,390 shares of the business services provider’s stock valued at $658,000 after buying an additional 156 shares in the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Moody’s by 3.3% in the 4th quarter. Chicago Partners Investment Group LLC now owns 7,433 shares of the business services provider’s stock valued at $3,509,000 after buying an additional 234 shares during the period. Caprock Group LLC acquired a new position in Moody’s during the 4th quarter worth about $2,547,000. Finally, Mediolanum International Funds Ltd purchased a new position in Moody’s during the 4th quarter valued at about $15,543,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MCO shares. UBS Group increased 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. 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. Citigroup began coverage on Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective on the stock. Morgan Stanley boosted their target price on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. One equities 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $507.36.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction of $133,435.66. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 843 shares of company stock valued at $401,119. 0.07% of the stock is owned by company insiders.

Moody’s Price Performance

Shares of MCO opened at $499.49 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. Moody’s Co. has a fifty-two week low of $360.05 and a fifty-two week high of $505.78. The firm has a 50-day simple moving average of $483.06 and a 200-day simple moving average of $474.69. The company has a market capitalization of $90.51 billion, a price-to-earnings ratio of 45.62, 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.