8,973 Shares in Moody’s Corporation $MCO Bought by Katamaran Capital LLP

Katamaran Capital LLP acquired a new position in shares of Moody’s Corporation (NYSE:MCO) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,973 shares of the business services provider’s stock, valued at approximately $4,275,000. Moody’s makes up about 3.9% of Katamaran Capital LLP’s portfolio, making the stock its 12th biggest holding.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Moody’s by 1.3% in the second quarter. Vanguard Group Inc. now owns 15,006,997 shares of the business services provider’s stock valued at $7,527,360,000 after acquiring an additional 191,368 shares in the last quarter. TCI Fund Management Ltd. raised its position in Moody’s by 0.6% during the 2nd quarter. TCI Fund Management Ltd. now owns 13,246,979 shares of the business services provider’s stock worth $6,644,552,000 after buying an additional 83,872 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Moody’s by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 3,888,788 shares of the business services provider’s stock worth $1,943,418,000 after acquiring an additional 69,455 shares during the period. Fiera Capital Corp lifted its position in Moody’s by 1.4% in the second quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock valued at $1,291,568,000 after purchasing an additional 35,123 shares during the period. Finally, Norges Bank purchased a new stake in shares of Moody’s in the second quarter valued at approximately $987,524,000. Institutional investors and hedge funds own 92.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Daiwa Securities Group upgraded shares of Moody’s from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $500.00 to $590.00 in a research report on Tuesday, January 13th. Mizuho lifted their price objective on Moody’s from $539.00 to $550.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 28th. Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a research note on Friday, October 17th. BMO Capital Markets lowered their price target on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a report on Thursday, October 23rd. Finally, The Goldman Sachs Group lowered their price objective on shares of Moody’s from $603.00 to $532.00 and set a “buy” rating for the company in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $558.56.

Insider Buying and Selling

In related news, CEO Robert Fauber sold 592 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $516.15, for a total value of $305,560.80. Following the completion of the sale, the chief executive officer directly owned 61,082 shares of the company’s stock, valued at $31,527,474.30. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

Moody’s Stock Down 0.8%

Shares of Moody’s stock opened at $448.96 on Tuesday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. Moody’s Corporation has a 1-year low of $378.71 and a 1-year high of $546.88. The business has a 50-day moving average of $507.50 and a 200-day moving average of $498.90. The company has a market capitalization of $80.09 billion, a PE ratio of 36.09, a P/E/G ratio of 2.09 and a beta of 1.44.

Moody’s Profile

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.