Activest Wealth Management Invests $47,000 in Moody’s Co. (NYSE:MCO)

Activest Wealth Management bought a new stake in Moody’s Co. (NYSE:MCO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 100 shares of the business services provider’s stock, valued at approximately $47,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MCO. Planning Capital Management Corp lifted its holdings in Moody’s by 566.7% during the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 51 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Moody’s by 272.2% in the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 49 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Moody’s during the 3rd quarter worth about $36,000. Asset Dedication LLC boosted its holdings in shares of Moody’s by 83.0% during the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after buying an additional 39 shares during the period. Finally, Albion Financial Group UT acquired a new position in Moody’s in the 4th quarter valued at about $45,000. Institutional investors own 92.11% of the company’s stock.

Analysts Set New Price Targets

MCO has been the subject of several research reports. UBS Group raised their price objective on shares of Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Citigroup assumed coverage on Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective on the stock. BMO Capital Markets lifted their target price on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Finally, Oppenheimer upped their price target on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Stock Performance

Shares of Moody’s stock opened at $503.51 on Monday. The company has a 50 day moving average of $482.99 and a 200-day moving average of $476.38. The company has a market cap of $91.24 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 2.93 and a beta of 1.31. 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 1-year low of $360.05 and a 1-year high of $506.27.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 281 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $478.99, for a total transaction of $134,596.19. Following the completion of the sale, the chief executive officer now directly owns 61,354 shares in the company, valued at $29,387,952.46. This represents a 0.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 1,124 shares of company stock valued at $540,051. 0.07% of the stock is currently owned by corporate insiders.

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.