Moody’s Corporation $MCO Position Trimmed by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Moody’s Corporation (NYSE:MCO) by 8.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,391,864 shares of the business services provider’s stock after selling 221,164 shares during the quarter. Bank of New York Mellon Corp owned 1.34% of Moody’s worth $1,139,676,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MCO. Rexford Capital Inc. purchased a new stake in shares of Moody’s during the second quarter valued at $25,000. Newbridge Financial Services Group Inc. acquired a new stake in Moody’s during the 2nd quarter worth about $25,000. Johnson Financial Group Inc. acquired a new stake in Moody’s during the 2nd quarter worth about $28,000. Heartwood Wealth Advisors LLC purchased a new stake in Moody’s during the third quarter valued at about $31,000. Finally, ORG Partners LLC boosted its holdings in shares of Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after buying an additional 22 shares during the period. 92.11% of the stock is owned by institutional investors.

Moody’s Price Performance

Shares of NYSE:MCO opened at $518.60 on Wednesday. The firm has a market cap of $92.52 billion, a price-to-earnings ratio of 41.69, a P/E/G ratio of 2.42 and a beta of 1.45. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $546.88. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The business has a fifty day simple moving average of $507.26 and a 200 day simple moving average of $500.08.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Moody’s from $620.00 to $660.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Stifel Nicolaus set a $574.00 target price on Moody’s and gave the company a “buy” rating in a report on Monday, January 5th. Mizuho lifted their price target on Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. BMO Capital Markets dropped their price target on Moody’s from $534.00 to $507.00 and set a “market perform” rating on the stock in a research report on Thursday, October 23rd. Finally, Seaport Research Partners upgraded Moody’s to a “strong-buy” rating in a research report on Wednesday, October 1st. One equities research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $560.94.

Insider Activity

In other news, CEO Robert Fauber sold 1,167 shares of Moody’s stock in a transaction dated 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 sale, the chief executive officer directly owned 61,082 shares in the company, valued at $29,255,223.90. The trade was a 1.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate 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.