RFG Advisory LLC Reduces Stock Holdings in Moody’s Co. (NYSE:MCO)

RFG Advisory LLC lessened its holdings in shares of Moody’s Co. (NYSE:MCO) by 10.4% in the 4th quarter, HoldingsChannel reports. The firm owned 913 shares of the business services provider’s stock after selling 106 shares during the quarter. RFG Advisory LLC’s holdings in Moody’s were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MCO. Planning Capital Management Corp lifted its stake in shares of Moody’s by 566.7% in the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 51 shares during the period. Larson Financial Group LLC increased its holdings in Moody’s by 272.2% in the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 49 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Moody’s in the third quarter worth about $36,000. Asset Dedication LLC raised its position in shares of Moody’s by 83.0% in the third 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 period. Finally, Albion Financial Group UT purchased a new stake in shares of Moody’s during the 4th quarter worth about $45,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Trading Up 1.3 %

Shares of Moody’s stock opened at $496.07 on Tuesday. 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 stock’s 50 day simple moving average is $481.00 and its 200-day simple moving average is $473.18. The stock has a market cap of $89.89 billion, a P/E ratio of 45.30, a P/E/G ratio of 2.82 and a beta of 1.30. Moody’s Co. has a 1-year low of $360.05 and a 1-year high of $503.95.

Insider Buying and Selling

In other news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total transaction of $133,435.66. Following the transaction, the chief executive officer now owns 61,894 shares in the company, valued at $29,390,984.84. The trade was a 0.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MCO. UBS Group upped their price target on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Wells Fargo & Company upped 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. Morgan Stanley increased their target price on Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their price target on shares of Moody’s from $468.00 to $481.00 and gave the stock a “market perform” rating in a report on Tuesday, January 21st. Finally, Citigroup initiated 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $507.36.

About Moody’s

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.