Quotient Wealth Partners LLC Buys 26 Shares of Moody’s Co. (NYSE:MCO)

Quotient Wealth Partners LLC increased its position in Moody’s Co. (NYSE:MCO) by 4.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 618 shares of the business services provider’s stock after acquiring an additional 26 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Moody’s were worth $293,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total value of $133,435.66. Following the sale, the chief executive officer now directly owns 61,894 shares in the company, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 1,124 shares of company stock valued at $540,051 in the last quarter. Insiders own 0.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Citigroup assumed coverage on shares of Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Morgan Stanley upped their target price on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets lifted their price target on Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Moody’s currently has an average rating of “Moderate Buy” and an average price target of $507.36.

Moody’s Stock Performance

NYSE:MCO opened at $503.51 on Monday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. Moody’s Co. has a fifty-two week low of $360.05 and a fifty-two week high of $506.27. The business has a 50 day moving average price of $482.99 and a 200-day moving average price of $476.38. The firm 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.

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.