Kestra Private Wealth Services LLC Boosts Position in Moody’s Co. (NYSE:MCO)

Kestra Private Wealth Services LLC raised its stake in Moody’s Co. (NYSE:MCO) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the business services provider’s stock after buying an additional 57 shares during the period. Kestra Private Wealth Services LLC’s holdings in Moody’s were worth $3,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MCO. Planning Capital Management Corp boosted its holdings in shares of Moody’s by 566.7% in the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 51 shares during the period. Larson Financial Group LLC raised its position in Moody’s by 272.2% during the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 49 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Moody’s in the 3rd quarter worth $36,000. Asset Dedication LLC grew its position in shares of Moody’s by 83.0% during the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after buying an additional 39 shares in the last quarter. Finally, Albion Financial Group UT purchased a new position in shares of Moody’s during the fourth quarter valued at $45,000. 92.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several 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. Oppenheimer lifted their price objective on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Stifel Nicolaus upped their target price on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. BMO Capital Markets lifted their price target on Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. Finally, Citigroup assumed coverage on Moody’s in a research note on Friday, December 20th. They set a “buy” rating and a $565.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Moody’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $507.36.

Moody’s Stock Performance

MCO opened at $504.03 on Tuesday. The company has a market cap of $91.33 billion, a P/E ratio of 46.03, a price-to-earnings-growth ratio of 2.93 and a beta of 1.31. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. The firm’s 50-day moving average price is $482.99 and its 200-day moving average price is $476.68. Moody’s Co. has a 52-week low of $360.05 and a 52-week high of $506.27.

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $478.99, for a total transaction of $134,596.19. Following the completion of the sale, the chief executive officer now directly owns 61,354 shares in the company, valued at approximately $29,387,952.46. The trade was a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders have sold 1,124 shares of company stock worth $540,051. 0.07% of the stock is owned by corporate 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.