Robertson Stephens Wealth Management LLC Sells 2,305 Shares of Moody’s Co. (NYSE:MCO)

Robertson Stephens Wealth Management LLC reduced its position in shares of Moody’s Co. (NYSE:MCO) by 39.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,513 shares of the business services provider’s stock after selling 2,305 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Moody’s were worth $1,663,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MCO. Planning Capital Management Corp increased its stake in shares of Moody’s by 566.7% in the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 51 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Moody’s by 272.2% in the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 49 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Moody’s in the 3rd quarter valued at about $36,000. Asset Dedication LLC increased its stake in shares of Moody’s by 83.0% in the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 39 shares during the last quarter. Finally, Albion Financial Group UT acquired a new position in shares of Moody’s in the 4th quarter valued at approximately $45,000. 92.11% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Citigroup assumed coverage on Moody’s in a research report on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective for the company. Oppenheimer boosted their price objective on 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 objective on Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets boosted 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. Finally, StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Price Performance

Shares of MCO opened at $502.46 on Friday. Moody’s Co. has a 52-week low of $360.05 and a 52-week high of $505.77. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The business’s 50 day moving average price is $482.89 and its two-hundred day moving average price is $475.66. The firm has a market cap of $91.05 billion, a PE ratio of 45.89, a price-to-earnings-growth ratio of 2.91 and a beta of 1.31.

Insider Transactions at Moody’s

In other news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $473.62, for a total transaction of $133,087.22. Following the transaction, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at $29,314,236.28. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 1,124 shares of company stock valued at $540,051 over the last ninety days. 0.07% of the stock is owned by company insiders.

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.