Aptus Capital Advisors LLC Invests $255,000 in Moody’s Co. (NYSE:MCO)

Aptus Capital Advisors LLC acquired a new position in Moody’s Co. (NYSE:MCOFree Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 805 shares of the business services provider’s stock, valued at approximately $255,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MCO. Sepio Capital LP raised its stake in shares of Moody’s by 0.3% in the 2nd quarter. Sepio Capital LP now owns 10,829 shares of the business services provider’s stock valued at $3,766,000 after acquiring an additional 30 shares during the period. Clarius Group LLC raised its position in Moody’s by 1.1% in 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 period. First Foundation Advisors lifted 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 worth $287,000 after purchasing an additional 30 shares in the last quarter. IMS Capital Management lifted 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 worth $1,499,000 after purchasing an additional 30 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC boosted its position in shares of 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 worth $499,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 90.07% of the company’s stock.

Moody’s Price Performance

Moody’s stock opened at $405.17 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 2.04. The company has a fifty day simple moving average of $386.17 and a 200-day simple moving average of $352.56. The stock has a market cap of $74.15 billion, a P/E ratio of 49.29, a price-to-earnings-growth ratio of 2.76 and a beta of 1.30. Moody’s Co. has a 12-month low of $278.23 and a 12-month high of $406.30.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MCO. Morgan Stanley decreased their target price on Moody’s from $332.00 to $318.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 26th. Stifel Nicolaus lowered their price objective on shares of Moody’s from $344.00 to $333.00 and set a “hold” rating for the company in a research note on Thursday, October 26th. Wells Fargo & Company upgraded shares of Moody’s from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $365.00 to $455.00 in a report on Friday, December 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $381.00 target price on shares of Moody’s in a report on Thursday, October 26th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Moody’s from $390.00 to $380.00 and set an “overweight” rating for the company in a research note on Wednesday, October 18th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.36.

View Our Latest Stock Report on MCO

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 2,546 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was 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 directly owns 57,099 shares of the company’s stock, valued at approximately $20,580,192.57. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 7,639 shares of company stock worth $2,769,635 over the last ninety days. Corporate insiders own 0.42% of the company’s stock.

About Moody’s

(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.

See Also

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

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