Forsta AP Fonden Has $25.23 Million Holdings in Moody’s Co. (NYSE:MCO)

Forsta AP Fonden grew its position in Moody’s Co. (NYSE:MCO) by 0.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 53,300 shares of the business services provider’s stock after purchasing an additional 400 shares during the period. Forsta AP Fonden’s holdings in Moody’s were worth $25,231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. M&T Bank Corp increased its position in Moody’s by 11.2% during the 3rd quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock worth $29,858,000 after buying an additional 6,340 shares during the period. Fiduciary Alliance LLC increased its position in Moody’s by 32.5% during the fourth quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider’s stock worth $6,777,000 after acquiring an additional 3,510 shares during the period. Burney Co. bought a new position in Moody’s during the fourth quarter worth about $6,775,000. Mizuho Securities USA LLC boosted its holdings in Moody’s by 567.2% in the 3rd quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider’s stock valued at $38,338,000 after purchasing an additional 68,674 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Moody’s by 22.6% during the 3rd quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock worth $1,107,344,000 after purchasing an additional 430,878 shares in the last quarter. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Down 0.6 %

Shares of MCO opened at $493.01 on Wednesday. The stock has a market capitalization of $89.33 billion, a price-to-earnings ratio of 45.02, a PEG ratio of 2.82 and a beta of 1.30. Moody’s Co. has a 52 week low of $360.05 and a 52 week high of $503.95. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a fifty day moving average of $481.97 and a 200-day moving average of $473.88.

Insider Buying and Selling at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $478.99, for a total transaction of $134,596.19. Following the sale, the chief executive officer now directly owns 61,354 shares of the company’s stock, valued at $29,387,952.46. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 843 shares of company stock worth $401,119. 0.07% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Evercore ISI assumed coverage on Moody’s in a report on Wednesday, October 2nd. They set an “outperform” rating and a $521.00 target price on the stock. Wells Fargo & Company raised their price target on Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their price objective on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, Oppenheimer boosted their target price on shares of Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Moody’s presently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Profile

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.