Moody’s Corporation $MCO Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its holdings in shares of Moody’s Corporation (NYSE:MCO) by 11.4% during the third quarter, Holdings Channel.com reports. The fund owned 16,150 shares of the business services provider’s stock after selling 2,088 shares during the period. Illinois Municipal Retirement Fund’s holdings in Moody’s were worth $7,695,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MCO. Sivia Capital Partners LLC acquired a new stake in Moody’s in the second quarter valued at approximately $267,000. CWM LLC lifted its position in shares of Moody’s by 29.7% during the 2nd quarter. CWM LLC now owns 4,980 shares of the business services provider’s stock valued at $2,498,000 after buying an additional 1,141 shares in the last quarter. MGO One Seven LLC grew its stake in Moody’s by 11.1% in the 2nd quarter. MGO One Seven LLC now owns 1,024 shares of the business services provider’s stock valued at $514,000 after acquiring an additional 102 shares during the period. RFG Advisory LLC increased its holdings in Moody’s by 3.4% in the 2nd quarter. RFG Advisory LLC now owns 986 shares of the business services provider’s stock worth $495,000 after acquiring an additional 32 shares in the last quarter. Finally, Bayforest Capital Ltd acquired a new position in Moody’s during the second quarter worth $123,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MCO. Mizuho lifted their target price on shares of Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Morgan Stanley increased their target price on Moody’s from $520.00 to $526.00 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Wall Street Zen lowered Moody’s from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. dropped their price target on Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research report on Thursday, October 23rd. Finally, The Goldman Sachs Group decreased their price objective on Moody’s from $603.00 to $532.00 and set a “buy” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $558.56.

Moody’s Stock Performance

Shares of Moody’s stock opened at $426.82 on Friday. The business’s 50 day moving average price is $501.63 and its 200 day moving average price is $496.50. The company has a market cap of $76.14 billion, a price-to-earnings ratio of 34.31, a PEG ratio of 1.92 and a beta of 1.44. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. Moody’s Corporation has a one year low of $378.71 and a one year high of $546.88.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 592 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $516.15, for a total value of $305,560.80. Following the completion of the sale, the chief executive officer owned 61,082 shares of the company’s stock, valued at approximately $31,527,474.30. This represents a 0.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Moody’s Company Profile

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.