Forsta AP Fonden Purchases 400 Shares of Moody’s Co. (NYSE:MCO)

Forsta AP Fonden grew its position in Moody’s Co. (NYSE:MCO) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,300 shares of the business services provider’s stock after purchasing an additional 400 shares during the period. Forsta AP Fonden’s holdings in Moody’s were worth $25,231,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MCO. Planning Capital Management Corp lifted its holdings in Moody’s by 566.7% during the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after acquiring an additional 51 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Moody’s by 272.2% during the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 49 shares during the period. Catalyst Capital Advisors LLC bought a new position in shares of Moody’s during the 3rd quarter valued at about $36,000. Asset Dedication LLC increased its stake in 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 purchasing an additional 39 shares in the last quarter. Finally, Albion Financial Group UT acquired a new stake in Moody’s during the 4th quarter worth approximately $45,000. 92.11% of the stock is owned by institutional investors.

Insider Activity at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $478.99, for a total value of $134,596.19. Following the sale, the chief executive officer now owns 61,354 shares in the company, valued at $29,387,952.46. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 843 shares of company stock worth $401,119. Insiders own 0.07% of the company’s stock.

Moody’s Stock Performance

Shares of MCO stock opened at $493.01 on Wednesday. The stock has a market cap of $89.33 billion, a P/E ratio of 45.02, a P/E/G ratio of 2.82 and a beta of 1.30. The company has a fifty day moving average price of $481.97 and a two-hundred day moving average price of $473.88. Moody’s Co. has a one year low of $360.05 and a one year high of $503.95. 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

A number of equities research analysts recently commented on the stock. Oppenheimer raised their price objective on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. BMO Capital Markets boosted 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. Citigroup assumed coverage on Moody’s in a report on Friday, December 20th. They set a “buy” rating and a $565.00 price objective for the company. Morgan Stanley boosted their target price on Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus raised 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.