Moody's Co. (NYSE:MCO) Shares Purchased by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in Moody's Co. (NYSE:MCO - Free Report) by 230.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,725 shares of the business services provider's stock after buying an additional 3,296 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Moody's were worth $2,237,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. M&T Bank Corp grew its position in shares of Moody's by 11.2% in the 3rd quarter. M&T Bank Corp now owns 62,913 shares of the business services provider's stock valued at $29,858,000 after buying an additional 6,340 shares during the last quarter. Fiduciary Alliance LLC grew its position in Moody's by 32.5% during the 4th quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider's stock worth $6,777,000 after purchasing an additional 3,510 shares during the last quarter. Burney Co. purchased a new position in Moody's during the 4th quarter worth $6,775,000. Mizuho Securities USA LLC grew its position in Moody's by 567.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider's stock worth $38,338,000 after purchasing an additional 68,674 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Moody's by 22.6% during the 3rd quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider's stock worth $1,107,344,000 after purchasing an additional 430,878 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Moody's

In related news, SVP Caroline Sullivan sold 1,681 shares of the company's stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $462.40, for a total transaction of $777,294.40. Following the transaction, the senior vice president now owns 1,415 shares of the company's stock, valued at approximately $654,296. This represents a 54.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert Fauber sold 281 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction of $133,435.66. Following the transaction, the chief executive officer now directly owns 61,894 shares in the company, valued at $29,390,984.84. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,524 shares of company stock valued at $1,178,413 over the last quarter. Corporate insiders own 0.07% of the company's stock.

Moody's Price Performance

Shares of NYSE MCO traded up $3.27 on Friday, hitting $489.39. The company's stock had a trading volume of 175,211 shares, compared to its average volume of 572,678. Moody's Co. has a 12-month low of $360.05 and a 12-month high of $503.95. The company has a market capitalization of $88.68 billion, a price-to-earnings ratio of 44.69, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a 50 day moving average of $480.68 and a 200-day moving average of $472.28.

Moody's (NYSE:MCO - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.89 by $0.32. Moody's had a net margin of 29.05% and a return on equity of 57.97%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $2.43 earnings per share. The company's revenue for the quarter was up 23.2% compared to the same quarter last year. As a group, research analysts predict that Moody's Co. will post 12.39 EPS for the current year.

Wall Street Analysts Forecast Growth

MCO has been the topic of several research reports. Robert W. Baird raised their price objective on shares of Moody's from $490.00 to $512.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. BMO Capital Markets raised their price objective on shares of Moody's from $468.00 to $481.00 and gave the stock a "market perform" rating in a research report on Tuesday. Wells Fargo & Company lifted their target price on shares of Moody's from $510.00 to $550.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Morgan Stanley lifted their target price on shares of Moody's from $462.00 to $481.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Finally, UBS Group lifted their target price on shares of Moody's from $495.00 to $510.00 and gave the company a "neutral" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Moody's presently has a consensus rating of "Moderate Buy" and an average target price of $507.36.

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.