Mediolanum International Funds Ltd Buys 6,663 Shares of Moody’s Corporation $MCO

Mediolanum International Funds Ltd increased its stake in shares of Moody’s Corporation (NYSE:MCO) by 14.5% during the third quarter, HoldingsChannel.com reports. The fund owned 52,616 shares of the business services provider’s stock after purchasing an additional 6,663 shares during the period. Mediolanum International Funds Ltd’s holdings in Moody’s were worth $25,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rexford Capital Inc. bought a new position in shares of Moody’s in the second quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. acquired a new position in Moody’s during the 2nd quarter worth $25,000. Johnson Financial Group Inc. acquired a new position in Moody’s during the 2nd quarter worth $28,000. Heartwood Wealth Advisors LLC bought a new stake in Moody’s during the third quarter valued at about $31,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Moody’s in the third quarter valued at about $38,000. 92.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MCO shares. Weiss Ratings restated a “buy (b)” rating on shares of Moody’s in a research note on Friday, October 31st. The Goldman Sachs Group raised Moody’s from a “neutral” rating to a “buy” rating and increased their price objective for the company from $524.00 to $570.00 in a research report on Tuesday, December 16th. JPMorgan Chase & Co. cut their target price on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Raymond James Financial upgraded shares of Moody’s from an “underperform” rating to a “market perform” rating in a research report on Friday, October 17th. Finally, Stifel Nicolaus set a $574.00 target price on shares of Moody’s and gave the company a “buy” rating in a research note on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Moody’s has a consensus rating of “Moderate Buy” and an average price target of $560.94.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $478.95, for a total transaction of $558,934.65. Following the completion of the transaction, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Moody’s Stock Down 0.0%

Shares of MCO opened at $515.39 on Friday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average price of $509.66 and a two-hundred day moving average price of $500.42. The stock has a market cap of $91.95 billion, a price-to-earnings ratio of 41.43, a P/E/G ratio of 2.38 and a beta of 1.45. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $546.88.

About Moody’s

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.