Baader Bank Aktiengesellschaft Sells 2,200 Shares of Moody's Co. (NYSE:MCO)

Baader Bank Aktiengesellschaft lessened its holdings in shares of Moody's Co. (NYSE:MCO - Free Report) by 49.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,264 shares of the business services provider's stock after selling 2,200 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in Moody's were worth $1,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MCO. Ascent Group LLC grew its stake in shares of Moody's by 7.5% in the 2nd quarter. Ascent Group LLC now owns 547 shares of the business services provider's stock valued at $230,000 after buying an additional 38 shares in the last quarter. Creative Planning grew its stake in shares of Moody's by 9.4% in the 2nd quarter. Creative Planning now owns 20,800 shares of the business services provider's stock valued at $8,755,000 after buying an additional 1,779 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Moody's by 10.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,506 shares of the business services provider's stock valued at $1,897,000 after buying an additional 419 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Moody's by 2.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 3,544 shares of the business services provider's stock valued at $1,492,000 after buying an additional 81 shares in the last quarter. Finally, Advisory Alpha LLC grew its stake in shares of Moody's by 18.9% in the 2nd quarter. Advisory Alpha LLC now owns 968 shares of the business services provider's stock valued at $408,000 after buying an additional 154 shares in the last quarter. Hedge funds and other institutional investors own 92.11% of the company's stock.

Moody's Stock Performance

Shares of MCO stock traded up $10.88 during trading hours on Thursday, reaching $501.20. 366,705 shares of the company's stock were exchanged, compared to its average volume of 592,773. Moody's Co. has a fifty-two week low of $360.05 and a fifty-two week high of $503.95. The stock has a market capitalization of $90.82 billion, a P/E ratio of 45.76, a P/E/G ratio of 2.82 and a beta of 1.30. The business has a fifty day moving average price of $482.26 and a 200-day moving average price of $473.99. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69.

Analysts Set New Price Targets

Several equities research analysts recently commented on MCO shares. Oppenheimer boosted their price target on Moody's from $543.00 to $545.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Robert W. Baird boosted their price target on Moody's from $490.00 to $512.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. Citigroup initiated coverage on Moody's in a research report on Friday, December 20th. They set a "buy" rating and a $565.00 target price for the company. Stifel Nicolaus upped their target price on Moody's from $454.00 to $459.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets upped their target price on Moody's from $468.00 to $481.00 and gave the stock a "market perform" rating in a research report on Tuesday, January 21st. 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 data from MarketBeat, Moody's has a consensus rating of "Moderate Buy" and an average price target of $507.36.

Insider Transactions 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 value of $134,596.19. Following the completion of the transaction, the chief executive officer now directly owns 61,354 shares in the company, valued at approximately $29,387,952.46. This represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 843 shares of company stock worth $401,119 over the last three months. 0.07% of the stock is currently owned by 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.