Marks Group Wealth Management Inc Purchases 376 Shares of Moody’s Co. (NYSE:MCO)

Marks Group Wealth Management Inc lifted its position in Moody’s Co. (NYSE:MCO) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,906 shares of the business services provider’s stock after purchasing an additional 376 shares during the quarter. Moody’s comprises approximately 1.3% of Marks Group Wealth Management Inc’s portfolio, making the stock its 11th largest holding. Marks Group Wealth Management Inc’s holdings in Moody’s were worth $13,210,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MCO. Ritholtz Wealth Management grew its stake in Moody’s by 4.0% in the 3rd quarter. Ritholtz Wealth Management now owns 1,933 shares of the business services provider’s stock worth $917,000 after buying an additional 74 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Moody’s by 302.5% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,429 shares of the business services provider’s stock worth $678,000 after acquiring an additional 1,074 shares in the last quarter. Grove Bank & Trust increased its stake in Moody’s by 12.7% in the third quarter. Grove Bank & Trust now owns 381 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 43 shares during the last quarter. Creative Planning raised its position in Moody’s by 14.1% during the third quarter. Creative Planning now owns 23,733 shares of the business services provider’s stock valued at $11,263,000 after purchasing an additional 2,933 shares in the last quarter. Finally, NBC Securities Inc. lifted its stake in Moody’s by 21.0% during the third quarter. NBC Securities Inc. now owns 674 shares of the business services provider’s stock worth $320,000 after purchasing an additional 117 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Price Performance

Shares of MCO opened at $512.76 on Wednesday. The firm’s 50-day simple moving average is $483.12 and its two-hundred day simple moving average is $477.16. Moody’s Co. has a fifty-two week low of $360.05 and a fifty-two week high of $513.04. The stock has a market cap of $92.91 billion, a PE ratio of 46.83, 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.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MCO. Robert W. Baird raised their price objective on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus lifted their price target on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. UBS Group upped their price objective on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted 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. Finally, StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $507.36.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total value of $133,435.66. Following the sale, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. The trade was a 0.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 1,124 shares of company stock worth $540,051 in the last 90 days. Insiders own 0.07% of the company’s stock.

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.