Moody’s Corporation $MCO Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Moody’s Corporation (NYSE:MCO) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,170,285 shares of the business services provider’s stock after buying an additional 163,288 shares during the quarter. Vanguard Group Inc. owned approximately 8.50% of Moody’s worth $7,228,337,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC acquired a new position in Moody’s during the second quarter worth approximately $267,000. Harbour Investments Inc. grew its position in shares of Moody’s by 8.9% during the second quarter. Harbour Investments Inc. now owns 525 shares of the business services provider’s stock worth $263,000 after acquiring an additional 43 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Moody’s by 14.7% in the 2nd quarter. International Assets Investment Management LLC now owns 1,555 shares of the business services provider’s stock valued at $780,000 after acquiring an additional 199 shares during the period. Stephens Inc. AR acquired a new position in shares of Moody’s in the 2nd quarter valued at $335,000. Finally, Accretive Wealth Partners LLC raised its position in Moody’s by 0.9% in the 2nd quarter. Accretive Wealth Partners LLC now owns 2,753 shares of the business services provider’s stock valued at $1,381,000 after purchasing an additional 24 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

MCO has been the subject of a number of research reports. Wall Street Zen cut shares of Moody’s from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Wells Fargo & Company boosted their price target on Moody’s from $620.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. BMO Capital Markets reduced their price objective on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a research note on Thursday, October 23rd. Morgan Stanley lifted their target price on Moody’s from $520.00 to $526.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Finally, The Goldman Sachs Group cut their price target on Moody’s from $603.00 to $532.00 and set a “buy” rating for the company in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $558.56.

Moody’s Price Performance

Shares of NYSE MCO opened at $426.82 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The company’s 50-day moving average price is $500.43 and its 200 day moving average price is $495.66. Moody’s Corporation has a 52 week low of $378.71 and a 52 week high of $546.88. The stock has a market cap of $76.14 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 1.97 and a beta of 1.44.

Insider Buying and Selling

In related news, CEO Robert Fauber sold 575 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $498.90, for a total value of $286,867.50. Following the completion of the transaction, the chief executive officer directly owned 61,082 shares in the company, valued at approximately $30,473,809.80. This represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Moody’s Company 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.