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Norris Perne & French LLP MI Reduces Holdings in Moody's Co. (NYSE:MCO)

Moody's logo with Finance background

Norris Perne & French LLP MI trimmed its stake in shares of Moody's Co. (NYSE:MCO - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,844 shares of the business services provider's stock after selling 540 shares during the period. Moody's comprises about 1.8% of Norris Perne & French LLP MI's holdings, making the stock its 20th biggest position. Norris Perne & French LLP MI's holdings in Moody's were worth $24,541,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MCO. State Street Corp raised its holdings in Moody's by 0.9% during the third quarter. State Street Corp now owns 7,047,772 shares of the business services provider's stock worth $3,344,802,000 after purchasing an additional 63,556 shares during the last quarter. FMR LLC raised its stake in shares of Moody's by 12.3% during the 3rd quarter. FMR LLC now owns 6,581,036 shares of the business services provider's stock worth $3,123,294,000 after buying an additional 723,226 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Moody's by 13.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider's stock worth $1,708,851,000 after buying an additional 416,535 shares in the last quarter. Jennison Associates LLC increased its holdings 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 valued at $1,107,344,000 after acquiring an additional 430,878 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Moody's by 32.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider's stock worth $985,115,000 after acquiring an additional 502,891 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company's stock.

Insider Activity at Moody's

In other Moody's news, CEO Robert Fauber sold 281 shares of Moody's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total transaction of $133,087.22. Following the transaction, the chief executive officer now directly owns 61,894 shares of the company's stock, valued at $29,314,236.28. The trade was a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 843 shares of company stock worth $401,119. 0.07% of the stock is owned by insiders.

Moody's Trading Up 0.1 %

Shares of MCO traded up $0.29 during mid-day trading on Friday, reaching $499.49. The company had a trading volume of 535,816 shares, compared to its average volume of 546,793. Moody's Co. has a fifty-two week low of $360.05 and a fifty-two week high of $505.78. The firm has a fifty day simple moving average of $483.06 and a 200-day simple moving average of $474.69. The stock has a market cap of $90.51 billion, a price-to-earnings ratio of 45.62, a price-to-earnings-growth ratio of 2.85 and a beta of 1.30. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of Moody's from $490.00 to $512.00 and gave the company an "outperform" rating in a research report 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 price target for the company. Stifel Nicolaus upped their price objective on Moody's from $454.00 to $459.00 and gave the company a "hold" rating in a research report on Wednesday, October 23rd. StockNews.com upgraded Moody's from a "hold" rating to a "buy" rating in a research report on Tuesday, December 24th. Finally, Wells Fargo & Company upped 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. One investment 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 MarketBeat, Moody's currently has an average rating of "Moderate Buy" and an average target price of $507.36.

Check Out Our Latest Stock Analysis on MCO

Moody's Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Moody's (NYSE:MCO)

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