Marks Group Wealth Management Inc Has $13.21 Million Holdings in Moody’s Co. (NYSE:MCO)

Marks Group Wealth Management Inc grew its holdings in shares of Moody’s Co. (NYSE:MCO) by 1.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,906 shares of the business services provider’s stock after buying an additional 376 shares during the period. Moody’s makes up 1.3% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 11th largest holding. Marks Group Wealth Management Inc’s holdings in Moody’s were worth $13,210,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in 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 worth $343,935,000 after acquiring an additional 723,721 shares in the last quarter. FMR LLC raised its holdings in shares of Moody’s by 12.3% during the third quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock valued at $3,123,294,000 after purchasing an additional 723,226 shares during the period. Massachusetts Financial Services Co. MA boosted its position 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 worth $985,115,000 after purchasing an additional 502,891 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Moody’s by 22.6% in the 3rd 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 increased its position in Moody’s by 13.0% in 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 buying an additional 416,535 shares in the last quarter. Institutional investors and hedge funds own 92.11% of the company’s stock.

Insider Transactions at Moody’s

In other news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $494.42, for a total value of $138,932.02. Following the completion of the transaction, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at $30,601,631.48. This trade represents a 0.45 % 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 sold 1,124 shares of company stock worth $540,051. 0.07% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on MCO. Morgan Stanley increased their price target on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Citigroup began coverage on Moody’s in a research report on Friday, December 20th. They issued a “buy” rating and a $565.00 price target for the company. BMO Capital Markets lifted their price objective on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. UBS Group increased their target price on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Oppenheimer boosted their price target 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. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $507.36.

Moody’s Price Performance

Moody’s stock opened at $512.76 on Wednesday. The company has a market cap of $92.91 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 2.93 and a beta of 1.31. The business’s 50 day simple moving average is $483.12 and its 200 day simple moving average is $477.16. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $513.04.

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.