Moody's Corporation (NYSE:MCO) Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS boosted its holdings in Moody's Corporation (NYSE:MCO - Free Report) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,061 shares of the business services provider's stock after purchasing an additional 900 shares during the quarter. KLP Kapitalforvaltning AS owned approximately 0.05% of Moody's worth $41,941,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MCO. Wolff Wiese Magana LLC boosted its stake in Moody's by 1,000.0% in the 1st quarter. Wolff Wiese Magana LLC now owns 55 shares of the business services provider's stock worth $26,000 after purchasing an additional 50 shares during the period. Golden State Wealth Management LLC raised its holdings in shares of Moody's by 5,050.0% during the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider's stock worth $48,000 after acquiring an additional 101 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Moody's during the 1st quarter worth approximately $49,000. Mizuho Bank Ltd. purchased a new stake in shares of Moody's during the 4th quarter worth approximately $66,000. Finally, LGT Financial Advisors LLC purchased a new stake in shares of Moody's during the 4th quarter worth approximately $83,000. 92.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MCO. Robert W. Baird upped their price objective on Moody's from $525.00 to $552.00 and gave the stock an "outperform" rating in a report on Thursday. Barclays upped their price objective on Moody's from $520.00 to $580.00 and gave the stock an "overweight" rating in a report on Thursday. BMO Capital Markets increased their price target on Moody's from $509.00 to $534.00 and gave the company a "market perform" rating in a report on Thursday. Wells Fargo & Company increased their price target on Moody's from $573.00 to $595.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Morgan Stanley increased their price target on Moody's from $493.00 to $498.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, Moody's currently has a consensus rating of "Moderate Buy" and a consensus price target of $536.93.

Moody's Stock Performance

MCO stock traded up $5.71 during trading on Thursday, hitting $513.59. 846,983 shares of the company traded hands, compared to its average volume of 802,677. The stock's 50-day simple moving average is $488.06 and its 200 day simple moving average is $475.07. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.57 and a quick ratio of 1.56. The company has a market cap of $92.40 billion, a PE ratio of 44.35, a P/E/G ratio of 3.09 and a beta of 1.38. Moody's Corporation has a 1 year low of $378.71 and a 1 year high of $531.93.

Moody's (NYSE:MCO - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The business services provider reported $3.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.39 by $0.17. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.82 billion. Moody's had a return on equity of 60.37% and a net margin of 29.15%. The business's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.28 earnings per share. On average, equities analysts expect that Moody's Corporation will post 13.95 earnings per share for the current fiscal year.

Insider Activity

In other Moody's news, CEO Robert Fauber sold 415 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $503.40, for a total transaction of $208,911.00. Following the transaction, the chief executive officer owned 61,886 shares of the company's stock, valued at approximately $31,153,412.40. The trade was a 0.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.

Moody's Company Profile

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.