Empirical Financial Services LLC d.b.a. Empirical Wealth Management Makes New $351,000 Investment in Moody’s Co. (NYSE:MCO)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Moody’s Co. (NYSE:MCOFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 741 shares of the business services provider’s stock, valued at approximately $351,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its position in Moody’s by 74,000.1% during the third quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock valued at $343,935,000 after purchasing an additional 723,721 shares during the last quarter. FMR LLC raised its position 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 valued at $3,123,294,000 after buying an additional 723,226 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Moody’s by 32.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock valued at $985,115,000 after acquiring an additional 502,891 shares during the last quarter. Jennison Associates LLC grew its position in Moody’s by 22.6% in the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock worth $1,107,344,000 after acquiring an additional 430,878 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Moody’s by 13.0% during the third quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock worth $1,708,851,000 after acquiring an additional 416,535 shares during the last quarter. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody’s Trading Down 0.7 %

Shares of NYSE MCO opened at $489.42 on Thursday. Moody’s Co. has a twelve month low of $360.05 and a twelve month high of $503.95. The firm has a market cap of $88.68 billion, a PE ratio of 44.70, a price-to-earnings-growth ratio of 2.82 and a beta of 1.30. The business has a fifty day simple moving average of $481.97 and a two-hundred day simple moving average of $473.88. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.69.

Insider Activity

In other Moody’s news, CEO Robert Fauber sold 281 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $478.99, for a total transaction of $134,596.19. Following the transaction, the chief executive officer now directly owns 61,354 shares in the company, valued at $29,387,952.46. This represents a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 843 shares of company stock worth $401,119. Company insiders own 0.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MCO shares. UBS Group boosted their target price on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird boosted their price objective 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. Morgan Stanley raised their target price on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Stifel Nicolaus upped their price target 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. Finally, Citigroup began coverage on shares of Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective for the company. One research 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 data from MarketBeat.com, Moody’s currently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

View Our Latest Report on Moody’s

About Moody’s

(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.

See Also

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

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