Summitry LLC Increases Stake in Moody’s Corporation $MCO

Summitry LLC raised its holdings in shares of Moody’s Corporation (NYSE:MCO) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 78,134 shares of the business services provider’s stock after purchasing an additional 1,363 shares during the quarter. Moody’s makes up approximately 1.6% of Summitry LLC’s portfolio, making the stock its 24th largest holding. Summitry LLC’s holdings in Moody’s were worth $37,229,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. VestGen Advisors LLC grew its stake in Moody’s by 2.0% in the 2nd quarter. VestGen Advisors LLC now owns 1,097 shares of the business services provider’s stock valued at $550,000 after buying an additional 21 shares in the last quarter. EWA LLC boosted its holdings in shares of Moody’s by 4.4% in the third quarter. EWA LLC now owns 501 shares of the business services provider’s stock worth $239,000 after acquiring an additional 21 shares during the period. CWM LLC grew its position in shares of Moody’s by 0.4% in the third quarter. CWM LLC now owns 5,002 shares of the business services provider’s stock valued at $2,383,000 after purchasing an additional 22 shares in the last quarter. Investment Management Corp VA ADV raised its stake in shares of Moody’s by 2.2% during the 3rd quarter. Investment Management Corp VA ADV now owns 1,002 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 22 shares during the period. Finally, Fiduciary Financial Group LLC lifted its holdings in Moody’s by 3.4% during the 3rd quarter. Fiduciary Financial Group LLC now owns 693 shares of the business services provider’s stock worth $330,000 after purchasing an additional 23 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 575 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $498.90, for a total transaction of $286,867.50. Following the transaction, the chief executive officer owned 61,082 shares of the company’s stock, valued at approximately $30,473,809.80. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MCO. Mizuho upped their price target on Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lowered their target price on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. BMO Capital Markets cut their price target on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a report on Thursday, October 23rd. Evercore increased their price objective on Moody’s from $540.00 to $620.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $558.56.

Moody’s Stock Up 2.8%

MCO opened at $426.82 on Monday. 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 stock has a market cap of $76.14 billion, a PE ratio of 34.31, a P/E/G ratio of 1.97 and a beta of 1.44. The business’s fifty day simple moving average is $501.63 and its 200 day simple moving average is $496.28. Moody’s Corporation has a 52 week low of $378.71 and a 52 week 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.