Moody’s Co. (NYSE:MCO) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lessened its holdings in Moody’s Co. (NYSE:MCO) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 945 shares of the business services provider’s stock after selling 45 shares during the quarter. Tributary Capital Management LLC’s holdings in Moody’s were worth $447,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. M&T Bank Corp boosted its position in Moody’s by 11.2% during the third quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock valued at $29,858,000 after purchasing an additional 6,340 shares during the last quarter. Fiduciary Alliance LLC increased 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 period. Burney Co. bought a new position in shares of Moody’s in the fourth quarter worth about $6,775,000. Mizuho Securities USA LLC increased its stake in shares of Moody’s by 567.2% in the third 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 period. Finally, Jennison Associates LLC increased 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 purchasing an additional 430,878 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Buying and Selling at Moody’s

In related news, SVP Caroline Sullivan sold 1,681 shares of Moody’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $462.40, for a total value of $777,294.40. Following the sale, the senior vice president now owns 1,415 shares of the company’s stock, valued at approximately $654,296. The trade was a 54.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $478.99, for a total value of $134,596.19. Following the transaction, the chief executive officer now owns 61,354 shares of the company’s stock, valued at $29,387,952.46. The trade was a 0.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,524 shares of company stock valued at $1,178,413 in the last 90 days. 0.07% of the stock is currently owned by company insiders.

Moody’s Stock Performance

MCO opened at $489.21 on Friday. The business’s 50-day moving average price is $481.00 and its two-hundred day moving average price is $472.67. Moody’s Co. has a 1 year low of $360.05 and a 1 year high of $503.95. The company has a market capitalization of $88.65 billion, a price-to-earnings ratio of 44.68, a P/E/G ratio of 2.82 and a beta of 1.30. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MCO shares. 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. Citigroup initiated coverage on Moody’s in a research report on Friday, December 20th. They set a “buy” rating and a $565.00 price target on the stock. Robert W. Baird increased their price target on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, BMO Capital Markets raised their price target on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Moody’s presently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

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.