Calamos Wealth Management LLC Purchases Shares of 20,242 Moody’s Co. (NYSE:MCO)

Calamos Wealth Management LLC bought a new stake in Moody’s Co. (NYSE:MCO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 20,242 shares of the business services provider’s stock, valued at approximately $9,582,000.

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

Moody’s Trading Down 0.5 %

NYSE MCO opened at $496.81 on Tuesday. The firm has a market capitalization of $90.02 billion, a price-to-earnings ratio of 45.37, a PEG ratio of 2.91 and a beta of 1.31. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. Moody’s Co. has a one year low of $360.05 and a one year high of $505.77. The company’s 50 day moving average price is $483.06 and its 200 day moving average price is $474.82.

Analysts Set New Price Targets

Several research firms have issued reports on MCO. 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. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Citigroup assumed coverage on Moody’s in a research report on Friday, December 20th. They set a “buy” rating and a $565.00 target price for the company. Morgan Stanley upped their price objective on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, Oppenheimer boosted their price objective on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $507.36.

Insider Buying and Selling at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $473.62, for a total value of $133,087.22. Following the transaction, the chief executive officer now 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 document filed with the SEC, which is available through the SEC website. Insiders sold a total of 843 shares of company stock worth $401,119 over the last ninety days. Company insiders own 0.07% of the company’s stock.

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.