MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Acquires 3,296 Shares of Moody’s Co. (NYSE:MCO)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Moody’s Co. (NYSE:MCOFree Report) by 230.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,725 shares of the business services provider’s stock after acquiring an additional 3,296 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Moody’s were worth $2,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans raised its holdings in shares of Moody’s by 8.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 30,702 shares of the business services provider’s stock worth $12,923,000 after buying an additional 2,379 shares in the last quarter. AlTi Global Inc. bought a new position in shares of Moody’s during the second quarter valued at $1,161,000. APG Asset Management N.V. grew its holdings in shares of Moody’s by 3.3% in the 2nd quarter. APG Asset Management N.V. now owns 413,192 shares of the business services provider’s stock worth $162,281,000 after purchasing an additional 13,174 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Moody’s during the 2nd quarter worth about $386,000. Finally, MBB Public Markets I LLC lifted its holdings in Moody’s by 1,354.5% during the 2nd quarter. MBB Public Markets I LLC now owns 11,680 shares of the business services provider’s stock valued at $4,916,000 after purchasing an additional 10,877 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Performance

MCO stock opened at $485.84 on Friday. Moody’s Co. has a twelve month low of $360.05 and a twelve month high of $503.95. 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 company has a market cap of $88.03 billion, a P/E ratio of 44.37, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30. The business’s fifty day moving average is $480.61 and its 200-day moving average is $472.19.

Moody’s (NYSE:MCOGet Free Report) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.32. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.71 billion. Moody’s had a return on equity of 57.97% and a net margin of 29.05%. The company’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.43 earnings per share. Equities research analysts forecast that Moody’s Co. will post 12.39 EPS for the current year.

Insider Buying and Selling

In other news, SVP Caroline Sullivan sold 1,681 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $462.40, for a total value of $777,294.40. Following the completion of the transaction, the senior vice president now owns 1,415 shares of the company’s stock, valued at $654,296. The trade was a 54.30 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total value of $133,435.66. Following the sale, the chief executive officer now directly owns 61,894 shares in the company, valued at $29,390,984.84. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,524 shares of company stock valued at $1,178,413 in the last 90 days. 0.07% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Evercore ISI assumed coverage on shares of Moody’s in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $521.00 price objective on the stock. Wells Fargo & Company raised their price target on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Robert W. Baird raised their target price on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Citigroup assumed coverage on shares of Moody’s in a research report on Friday, December 20th. They set a “buy” rating and a $565.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and a consensus target price of $507.36.

Get Our Latest Analysis on MCO

Moody’s Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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