462 Shares in Moody’s Co. (NYSE:MCO) Purchased by First Affirmative Financial Network

First Affirmative Financial Network purchased a new stake in shares of Moody’s Co. (NYSE:MCO) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 462 shares of the business services provider’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also bought and sold shares of MCO. International Assets Investment Management LLC raised its holdings in shares of Moody’s by 74,000.1% during the third quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock valued at $343,935,000 after acquiring an additional 723,721 shares in the last quarter. FMR LLC lifted its position in shares of Moody’s by 12.3% in the 3rd quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after purchasing an additional 723,226 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Moody’s by 32.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock valued at $985,115,000 after purchasing an additional 502,891 shares in the last quarter. Jennison Associates LLC increased its position in shares of Moody’s by 22.6% during the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after buying an additional 430,878 shares during the period. Finally, Geode Capital Management LLC raised its stake in Moody’s by 13.0% in the third quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock worth $1,708,851,000 after buying an additional 416,535 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Moody’s Stock Up 1.8 %

MCO stock opened at $499.15 on Friday. The stock has a market capitalization of $90.45 billion, a P/E ratio of 45.58, 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. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $503.95. The business has a fifty day moving average price of $482.26 and a 200-day moving average price of $473.99.

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total value of $133,087.22. Following the completion of the sale, the chief executive officer now directly owns 61,894 shares in the company, valued at $29,314,236.28. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 843 shares of company stock valued at $401,119. 0.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup began coverage on Moody’s in a research report on Friday, December 20th. They set a “buy” rating and a $565.00 price objective on the stock. Oppenheimer upped their price target on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Morgan Stanley raised 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. UBS Group upped their target price on shares of Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. One investment 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’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $507.36.

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.