Jones Financial Companies Lllp Boosts Stock Holdings in Moody’s Corporation $MCO

Jones Financial Companies Lllp boosted its position in Moody’s Corporation (NYSE:MCO) by 11.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,636 shares of the business services provider’s stock after buying an additional 1,249 shares during the quarter. Jones Financial Companies Lllp’s holdings in Moody’s were worth $6,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Rexford Capital Inc. purchased a new position in Moody’s in the 2nd quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. purchased a new stake in Moody’s during the 2nd quarter worth about $25,000. Johnson Financial Group Inc. purchased a new position in shares of Moody’s during the 2nd quarter valued at $28,000. Heartwood Wealth Advisors LLC bought a new position in shares of Moody’s in the third quarter worth $31,000. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Moody’s in the third quarter worth $38,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MCO shares. Wells Fargo & Company lifted their target price on shares of Moody’s from $620.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, January 14th. Evercore ISI upped their target price on shares of Moody’s from $540.00 to $620.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. Wall Street Zen lowered Moody’s from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. The Goldman Sachs Group upgraded Moody’s from a “neutral” rating to a “buy” rating and increased their price objective for the company from $524.00 to $570.00 in a research report on Tuesday, December 16th. Finally, Stifel Nicolaus set a $574.00 price target on shares of Moody’s and gave the stock a “buy” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $560.94.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 575 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $498.90, for a total value of $286,867.50. Following the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at $30,473,809.80. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Moody’s Trading Down 0.7%

Shares of MCO opened at $457.92 on Friday. The stock has a market capitalization of $81.69 billion, a P/E ratio of 36.81, a PEG ratio of 2.13 and a beta of 1.44. Moody’s Corporation has a twelve month low of $378.71 and a twelve month high of $546.88. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. The firm has a fifty day simple moving average of $509.00 and a two-hundred day simple moving average of $499.74.

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.