Wilmington Savings Fund Society FSB Cuts Stock Holdings in Moody’s Co. (NYSE:MCO)

Wilmington Savings Fund Society FSB cut its position in shares of Moody’s Co. (NYSE:MCO) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,114 shares of the business services provider’s stock after selling 285 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Moody’s were worth $2,421,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Planning Capital Management Corp grew its position in shares of 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 acquiring an additional 51 shares during the period. Larson Financial Group LLC boosted its position 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 worth $32,000 after purchasing an additional 49 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Moody’s in the third quarter valued at approximately $36,000. Asset Dedication LLC increased its position in shares of Moody’s by 83.0% in the third quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock valued at $41,000 after buying an additional 39 shares in the last quarter. Finally, Albion Financial Group UT acquired a new position in shares of Moody’s during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Robert W. Baird lifted their price target on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group raised their price objective on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Citigroup assumed coverage on shares of Moody’s in a research report on Friday, December 20th. They issued a “buy” rating and a $565.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $507.36.

Insider Activity

In other news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction 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 directly owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders have sold 1,124 shares of company stock valued at $540,051. Company insiders own 0.07% of the company’s stock.

Moody’s Stock Performance

Shares of Moody’s stock opened at $503.51 on Monday. The business’s fifty day simple moving average is $482.99 and its 200-day simple moving average is $476.38. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $506.27. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69. 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.