Activest Wealth Management Buys Shares of 100 Moody’s Co. (NYSE:MCO)

Activest Wealth Management purchased a new position in shares of Moody’s Co. (NYSE:MCO) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 100 shares of the business services provider’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. M&T Bank Corp grew its holdings in Moody’s by 11.2% during the 3rd quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock worth $29,858,000 after acquiring an additional 6,340 shares during the last quarter. Fiduciary Alliance LLC grew its stake in shares of Moody’s by 32.5% in the fourth quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider’s stock worth $6,777,000 after purchasing an additional 3,510 shares during the last quarter. Burney Co. acquired a new stake in Moody’s in the fourth quarter valued at $6,775,000. Mizuho Securities USA LLC raised its position in Moody’s by 567.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider’s stock worth $38,338,000 after purchasing an additional 68,674 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in Moody’s by 22.6% during the 3rd quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock worth $1,107,344,000 after buying an additional 430,878 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MCO. BMO Capital Markets increased their price target on Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a research note on Tuesday, January 21st. Oppenheimer increased their target price 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. Morgan Stanley boosted their price target 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. Stifel Nicolaus increased their price objective on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird boosted 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $507.36.

Insider Activity

In related news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total value of $133,435.66. Following the completion of the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 1,124 shares of company stock worth $540,051 over the last quarter. 0.07% of the stock is currently owned by corporate insiders.

Moody’s Stock Performance

Shares of Moody’s stock opened at $503.51 on Monday. The business has a 50-day simple moving average of $482.99 and a 200 day simple moving average of $476.38. The firm has a market capitalization of $91.24 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 2.93 and a beta of 1.31. 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 one year low of $360.05 and a one year high of $506.27.

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.