Tokio Marine Asset Management Co. Ltd. Cuts Stake in Moody's Co. (NYSE:MCO)

Tokio Marine Asset Management Co. Ltd. lessened its holdings in shares of Moody's Co. (NYSE:MCO - Free Report) by 39.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,687 shares of the business services provider's stock after selling 10,734 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in Moody's were worth $7,899,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Planning Capital Management Corp lifted its stake in Moody's by 566.7% in the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider's stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Larson Financial Group LLC lifted its position in shares of Moody's by 272.2% in the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider's stock worth $32,000 after buying an additional 49 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Moody's during the 3rd quarter valued at approximately $36,000. Asset Dedication LLC increased its stake in Moody's by 83.0% in the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider's stock worth $41,000 after acquiring an additional 39 shares during the last quarter. Finally, Albion Financial Group UT purchased a new stake in shares of Moody's during the 4th quarter worth approximately $45,000. Institutional investors own 92.11% of the company's stock.

Moody's Trading Up 0.1 %

Shares of MCO traded up $0.29 during mid-day trading on Friday, reaching $499.49. The stock had a trading volume of 535,816 shares, compared to its average volume of 546,793. 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 business's fifty day moving average is $483.06 and its 200 day moving average is $474.69. Moody's Co. has a 52-week low of $360.05 and a 52-week high of $505.78. The firm has a market cap of $90.51 billion, a price-to-earnings ratio of 45.62, a P/E/G ratio of 2.85 and a beta of 1.30.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MCO shares. Robert W. Baird upped their price target on shares of Moody's from $490.00 to $512.00 and gave the company an "outperform" rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of Moody's from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Stifel Nicolaus boosted their price objective on Moody's from $454.00 to $459.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. Wells Fargo & Company raised their price objective on Moody's from $510.00 to $550.00 and gave the company an "overweight" rating in a research note on Wednesday, October 9th. Finally, Citigroup assumed coverage on Moody's in a research report on Friday, December 20th. They set a "buy" rating and a $565.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Moody's presently has an average rating of "Moderate Buy" and an average target price of $507.36.

Insider Buying and Selling

In other Moody's news, CEO Robert Fauber sold 281 shares of Moody's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction of $133,435.66. Following the completion of the sale, the chief executive officer now directly owns 61,894 shares in the company, valued at $29,390,984.84. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 843 shares of company stock worth $401,119. Company insiders own 0.07% of the company's stock.

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.