Moody’s Co. (NYSE:MCO) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB reduced its stake in Moody’s Co. (NYSE:MCO) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,114 shares of the business services provider’s stock after selling 285 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Moody’s were worth $2,421,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Haverford Trust Co increased its position in shares of Moody’s by 1.8% during the third quarter. Haverford Trust Co now owns 1,223 shares of the business services provider’s stock worth $580,000 after purchasing an additional 22 shares in the last quarter. Avitas Wealth Management LLC increased its holdings in shares of Moody’s by 0.8% in the 4th quarter. Avitas Wealth Management LLC now owns 2,803 shares of the business services provider’s stock valued at $1,327,000 after acquiring an additional 22 shares during the period. Stratos Wealth Advisors LLC grew its position in Moody’s by 2.1% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,107 shares of the business services provider’s stock worth $525,000 after purchasing an additional 23 shares during the last quarter. Okabena Investment Services Inc. increased its stake in Moody’s by 0.8% in the third quarter. Okabena Investment Services Inc. now owns 2,767 shares of the business services provider’s stock valued at $1,313,000 after purchasing an additional 23 shares during the period. Finally, McGlone Suttner Wealth Management Inc. boosted its stake in shares of Moody’s by 3.2% during the fourth quarter. McGlone Suttner Wealth Management Inc. now owns 746 shares of the business services provider’s stock worth $353,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 92.11% of the company’s stock.

Moody’s Stock Up 0.1 %

MCO stock opened at $503.51 on Monday. 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 12 month low of $360.05 and a 12 month high of $506.27. The firm has a market capitalization of $91.24 billion, a PE ratio of 45.98, a P/E/G ratio of 2.93 and a beta of 1.31. The company’s 50 day simple moving average is $482.99 and its 200-day simple moving average is $476.38.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MCO shares. Stifel Nicolaus increased their price objective on Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a research report on Wednesday, October 23rd. Citigroup assumed coverage on shares of Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 target price for the company. Oppenheimer raised their price objective on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Robert W. Baird raised their price target on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. Finally, BMO Capital Markets increased their price objective 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 equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $507.36.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $478.99, for a total transaction of $134,596.19. Following the sale, the chief executive officer now owns 61,354 shares of the company’s stock, valued at $29,387,952.46. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 1,124 shares of company stock worth $540,051. 0.07% of the stock is owned by 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.