Mutual of America Capital Management LLC Has $7.97 Million Stock Position in Moody’s Corporation $MCO

Mutual of America Capital Management LLC cut its position in Moody’s Corporation (NYSE:MCO) by 5.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,724 shares of the business services provider’s stock after selling 1,019 shares during the period. Mutual of America Capital Management LLC’s holdings in Moody’s were worth $7,969,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Moody’s by 1.3% in the second quarter. Vanguard Group Inc. now owns 15,006,997 shares of the business services provider’s stock valued at $7,527,360,000 after acquiring an additional 191,368 shares during the period. TCI Fund Management Ltd. lifted its holdings in shares of Moody’s by 0.6% in the 2nd quarter. TCI Fund Management Ltd. now owns 13,246,979 shares of the business services provider’s stock worth $6,644,552,000 after purchasing an additional 83,872 shares in the last quarter. Geode Capital Management LLC grew its position in Moody’s by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,888,788 shares of the business services provider’s stock valued at $1,943,418,000 after purchasing an additional 69,455 shares during the period. Fiera Capital Corp increased its stake in Moody’s by 1.4% during the 2nd quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock valued at $1,291,568,000 after purchasing an additional 35,123 shares in the last quarter. Finally, Norges Bank acquired a new position in Moody’s during the second quarter worth $987,524,000. 92.11% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MCO shares. Mizuho boosted their target price on shares of Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. decreased their price objective on Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a report on Thursday, October 23rd. Evercore ISI increased their price objective on Moody’s from $540.00 to $620.00 and gave the stock an “outperform” rating in a research note on Thursday, January 8th. Seaport Research Partners raised Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft set a $528.00 price target on Moody’s and gave the company a “buy” rating in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $560.94.

Insider Buying and Selling

In other news, CEO Robert Fauber sold 1,167 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the completion of the transaction, the chief executive officer directly owned 61,082 shares in the company, valued at $29,255,223.90. The trade was a 1.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

Moody’s Stock Performance

NYSE MCO opened at $518.60 on Wednesday. The firm has a market cap of $92.52 billion, a P/E ratio of 41.69, a price-to-earnings-growth ratio of 2.42 and a beta of 1.45. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. The company’s 50 day moving average is $507.26 and its 200-day moving average is $500.08. Moody’s Corporation has a 12-month low of $378.71 and a 12-month high of $546.88.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.