Spire Wealth Management Boosts Stock Holdings in Moody's Co. (NYSE:MCO)

Spire Wealth Management grew its holdings in Moody's Co. (NYSE:MCO - Free Report) by 5,967.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,218 shares of the business services provider's stock after purchasing an additional 5,132 shares during the quarter. Spire Wealth Management's holdings in Moody's were worth $2,470,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MCO. DAVENPORT & Co LLC lifted its holdings in Moody's by 9.4% during the fourth quarter. DAVENPORT & Co LLC now owns 4,667 shares of the business services provider's stock worth $2,209,000 after buying an additional 402 shares during the period. KG&L Capital Management LLC lifted its stake in shares of Moody's by 12.6% during the 4th quarter. KG&L Capital Management LLC now owns 1,390 shares of the business services provider's stock worth $658,000 after purchasing an additional 156 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Moody's by 3.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 7,433 shares of the business services provider's stock valued at $3,509,000 after purchasing an additional 234 shares in the last quarter. Caprock Group LLC purchased a new position in Moody's in the fourth quarter valued at about $2,547,000. Finally, Mediolanum International Funds Ltd bought a new position in Moody's in the fourth quarter worth about $15,543,000. 92.11% of the stock is currently owned by institutional investors.

Insider Transactions at Moody's

In related news, CEO Robert Fauber sold 281 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total transaction of $133,087.22. Following the completion of the transaction, the chief executive officer now owns 61,894 shares in the company, valued at $29,314,236.28. This represents a 0.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 843 shares of company stock valued at $401,119 in the last three months. 0.07% of the stock is currently owned by company insiders.

Moody's Stock Performance

NYSE MCO opened at $499.49 on Monday. The stock has a market capitalization of $90.51 billion, a price-to-earnings ratio of 45.62, a PEG ratio of 2.85 and a beta of 1.30. The stock has a 50-day moving average of $483.06 and a 200 day moving average of $474.69. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. Moody's Co. has a twelve month low of $360.05 and a twelve month high of $505.78.

Analysts Set New Price Targets

Several equities analysts have issued reports on MCO shares. Stifel Nicolaus upped their price objective on shares of Moody's from $454.00 to $459.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. StockNews.com upgraded shares of Moody's from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Citigroup started coverage on shares of Moody's in a report on Friday, December 20th. They set a "buy" rating and a $565.00 price objective on the stock. Wells Fargo & Company raised their target price on Moody's from $510.00 to $550.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Finally, Morgan Stanley increased their price objective on Moody's from $462.00 to $481.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. One equities research 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's stock. According to data from MarketBeat.com, Moody's has an average rating of "Moderate Buy" and a consensus 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.

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