Caprock Group LLC Takes Position in Moody’s Corporation $MCO

Caprock Group LLC bought a new position in shares of Moody’s Corporation (NYSE:MCO) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,212 shares of the business services provider’s stock, valued at approximately $2,663,000.

Other large investors have also added to or reduced their stakes in the company. BAM Wealth Management LLC bought a new stake in shares of Moody’s during the third quarter worth approximately $871,000. Principal Financial Group Inc. lifted its holdings in Moody’s by 0.3% during the 3rd quarter. Principal Financial Group Inc. now owns 647,711 shares of the business services provider’s stock worth $308,649,000 after purchasing an additional 1,942 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in Moody’s by 3.1% in the 3rd quarter. Asset Management One Co. Ltd. now owns 73,793 shares of the business services provider’s stock valued at $35,161,000 after purchasing an additional 2,202 shares during the period. Thrivent Financial for Lutherans grew its holdings in Moody’s by 135.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 45,829 shares of the business services provider’s stock valued at $21,837,000 after buying an additional 26,388 shares in the last quarter. Finally, Fiera Capital Corp increased its position in Moody’s by 1.4% during the 2nd quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock worth $1,291,568,000 after buying an additional 35,123 shares during the period. Institutional investors own 92.11% of the company’s stock.

Moody’s Stock Performance

Shares of Moody’s stock opened at $414.64 on Friday. 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 company has a market cap of $73.97 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 1.91 and a beta of 1.44. The company has a 50 day moving average of $503.02 and a 200-day moving average of $497.05. Moody’s Corporation has a 1-year low of $378.71 and a 1-year high of $546.88.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MCO. Weiss Ratings reissued a “buy (b)” rating on shares of Moody’s in a research report on Friday, October 31st. JPMorgan Chase & Co. dropped their price objective on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Wall Street Zen lowered shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Morgan Stanley raised their target price on shares of Moody’s from $520.00 to $526.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Finally, Evercore boosted their price target on Moody’s from $540.00 to $620.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $558.56.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 592 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $516.15, for a total transaction of $305,560.80. Following the completion of the sale, the chief executive officer directly owned 61,082 shares in the company, valued at $31,527,474.30. This represents a 0.96% decrease in their position. 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 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.