Mitsubishi UFJ Trust & Banking Corp Reduces Holdings in Moody’s Co. (NYSE:MCO)

Mitsubishi UFJ Trust & Banking Corp reduced its position in shares of Moody’s Co. (NYSE:MCOFree Report) by 2.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 362,646 shares of the business services provider’s stock after selling 8,803 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned about 0.20% of Moody’s worth $114,658,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sepio Capital LP increased its stake in Moody’s by 0.3% during the second quarter. Sepio Capital LP now owns 10,829 shares of the business services provider’s stock valued at $3,766,000 after purchasing an additional 30 shares during the last quarter. Clarius Group LLC increased its stake in Moody’s by 1.1% during the second quarter. Clarius Group LLC now owns 2,714 shares of the business services provider’s stock valued at $944,000 after purchasing an additional 30 shares during the last quarter. First Foundation Advisors increased its stake in Moody’s by 3.8% during the second quarter. First Foundation Advisors now owns 825 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 30 shares during the last quarter. IMS Capital Management increased its stake in Moody’s by 0.7% during the second quarter. IMS Capital Management now owns 4,310 shares of the business services provider’s stock valued at $1,499,000 after purchasing an additional 30 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC increased its stake in Moody’s by 2.0% during the third quarter. Sound View Wealth Advisors Group LLC now owns 1,580 shares of the business services provider’s stock valued at $499,000 after purchasing an additional 31 shares during the last quarter. 90.07% of the stock is owned by institutional investors and hedge funds.

Moody’s Price Performance

MCO stock traded down $6.85 during trading on Thursday, hitting $398.00. The company had a trading volume of 716,585 shares, compared to its average volume of 643,336. The firm has a market capitalization of $72.83 billion, a price-to-earnings ratio of 48.58, a P/E/G ratio of 2.71 and a beta of 1.30. The business has a 50 day moving average of $384.83 and a 200 day moving average of $352.01. Moody’s Co. has a fifty-two week low of $278.23 and a fifty-two week high of $406.30. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.04.

Insider Activity

In other news, CEO Robert Fauber sold 2,546 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $360.43, for a total transaction of $917,654.78. Following the completion of the transaction, the chief executive officer now owns 57,099 shares in the company, valued at approximately $20,580,192.57. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders sold 7,639 shares of company stock worth $2,769,635. Corporate insiders own 0.42% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MCO. Barclays lowered their target price on shares of Moody’s from $350.00 to $340.00 and set an “equal weight” rating for the company in a research note on Thursday, October 26th. Stifel Nicolaus reduced their price target on shares of Moody’s from $344.00 to $333.00 and set a “hold” rating for the company in a report on Thursday, October 26th. BMO Capital Markets boosted their price target on shares of Moody’s from $366.00 to $430.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Royal Bank of Canada reissued an “outperform” rating and set a $381.00 price target on shares of Moody’s in a report on Thursday, October 26th. Finally, Wells Fargo & Company raised shares of Moody’s from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $365.00 to $455.00 in a report on Friday, December 15th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $369.36.

View Our Latest Stock Report on Moody’s

Moody’s Company Profile

(Free Report)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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

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