BAM Wealth Management LLC Makes New $871,000 Investment in Moody’s Corporation $MCO

BAM Wealth Management LLC acquired a new stake in shares of Moody’s Corporation (NYSE:MCO) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,828 shares of the business services provider’s stock, valued at approximately $871,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MCO. Rexford Capital Inc. purchased a new position in Moody’s during the second quarter valued at $25,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Moody’s during the second quarter valued at about $25,000. Johnson Financial Group Inc. bought a new stake in shares of Moody’s in the second quarter worth about $28,000. Heartwood Wealth Advisors LLC bought a new stake in shares of Moody’s in the third quarter worth about $31,000. Finally, ORG Partners LLC boosted its stake in Moody’s by 50.0% during the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after buying an additional 22 shares during the last quarter. Institutional investors own 92.11% of the company’s stock.

Analysts Set New Price Targets

MCO has been the topic of a number of research reports. Seaport Research Partners raised Moody’s to a “strong-buy” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a report on Thursday, October 9th. Wells Fargo & Company upped their price target on shares of Moody’s from $620.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Morgan Stanley increased their price objective on shares of Moody’s from $520.00 to $526.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 13th. Finally, Mizuho boosted their target price on shares of Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Moody’s presently has an average rating of “Moderate Buy” and an average price target of $560.94.

Moody’s Stock Down 1.3%

NYSE MCO opened at $523.58 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. Moody’s Corporation has a 52 week low of $378.71 and a 52 week high of $546.88. The firm has a market capitalization of $93.41 billion, a price-to-earnings ratio of 42.09, a PEG ratio of 2.45 and a beta of 1.45. The company has a fifty day moving average of $505.23 and a two-hundred day moving average of $499.82.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, October 22nd. The business services provider reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.70 by $0.22. Moody’s had a net margin of 29.92% and a return on equity of 63.58%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.92 billion. During the same quarter last year, the business earned $3.21 EPS. The business’s revenue was up 10.7% on a year-over-year basis. On average, analysts predict that Moody’s Corporation will post 13.95 earnings per share for the current year.

Insider Activity

In other news, CEO Robert Fauber sold 1,167 shares of the company’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 transaction, the chief executive officer owned 61,082 shares of the company’s stock, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 1,739 shares of company stock worth $841,445 in the last ninety days. 0.14% of the stock is owned by insiders.

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.