Lecap Asset Management Ltd. Sells 980 Shares of Moody’s Co. (NYSE:MCO)

Lecap Asset Management Ltd. trimmed its position in shares of Moody’s Co. (NYSE:MCO) by 25.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,847 shares of the business services provider’s stock after selling 980 shares during the period. Lecap Asset Management Ltd.’s holdings in Moody’s were worth $1,348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MCO. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Moody’s by 6.6% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,718 shares of the business services provider’s stock worth $8,861,000 after acquiring an additional 1,164 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in Moody’s by 8.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 404,334 shares of the business services provider’s stock worth $191,400,000 after purchasing an additional 30,700 shares during the period. Adero Partners LLC boosted its position in Moody’s by 3.9% during the fourth quarter. Adero Partners LLC now owns 686 shares of the business services provider’s stock worth $325,000 after purchasing an additional 26 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Moody’s by 0.8% in the fourth quarter. Bleakley Financial Group LLC now owns 3,510 shares of the business services provider’s stock worth $1,661,000 after purchasing an additional 28 shares in the last quarter. Finally, Choreo LLC raised its position in shares of Moody’s by 24.3% in the fourth quarter. Choreo LLC now owns 4,312 shares of the business services provider’s stock valued at $2,042,000 after purchasing an additional 842 shares during the period. 92.11% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MCO has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus lifted their price target on Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Morgan Stanley raised their target price on Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Oppenheimer upped their price target on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, UBS Group raised their price objective on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. One research 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $507.36.

Moody’s Stock Up 0.1 %

Shares of NYSE:MCO opened at $503.51 on Friday. The firm has a fifty day moving average of $482.92 and a 200 day moving average of $475.85. Moody’s Co. has a 52-week low of $360.05 and a 52-week high of $506.27. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $91.24 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 2.91 and a beta of 1.31.

Insider Transactions at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the company’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 completion of the sale, the chief executive officer now owns 61,894 shares of the company’s stock, valued at $29,390,984.84. This represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 1,124 shares of company stock worth $540,051. 0.07% of the stock is currently owned by corporate insiders.

Moody’s 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.