Rockefeller Capital Management L.P. boosted its position in shares of Moody’s Co. (NYSE:MCO – Get Rating) by 164.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,698 shares of the business services provider’s stock after acquiring an additional 1,679 shares during the period. Rockefeller Capital Management L.P.’s holdings in Moody’s were worth $655,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other hedge funds and other institutional investors also recently bought and sold shares of MCO. Principal Financial Group Inc. raised its holdings in shares of Moody’s by 67.9% in the second quarter. Principal Financial Group Inc. now owns 2,582,885 shares of the business services provider’s stock worth $702,467,000 after buying an additional 1,044,597 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Moody’s by 23.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,898,990 shares of the business services provider’s stock worth $788,439,000 after buying an additional 556,040 shares during the last quarter. Brown Advisory Inc. raised its holdings in shares of Moody’s by 30.5% in the second quarter. Brown Advisory Inc. now owns 1,079,102 shares of the business services provider’s stock worth $293,483,000 after buying an additional 252,425 shares during the last quarter. Castleview Partners LLC raised its holdings in shares of Moody’s by 26,718.8% in the second quarter. Castleview Partners LLC now owns 250,756 shares of the business services provider’s stock worth $922,000 after buying an additional 249,821 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in shares of Moody’s by 243.8% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 316,281 shares of the business services provider’s stock worth $76,891,000 after buying an additional 224,279 shares during the last quarter. Hedge funds and other institutional investors own 90.84% of the company’s stock.
Analysts Set New Price Targets
A number of research firms have issued reports on MCO. Robert W. Baird decreased their price target on shares of Moody’s from $302.00 to $289.00 in a report on Wednesday, October 26th. StockNews.com started coverage on shares of Moody’s in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Moody’s from $260.00 to $267.00 in a research note on Wednesday, October 26th. JPMorgan Chase & Co. cut their price objective on shares of Moody’s from $315.00 to $290.00 in a research note on Thursday, October 13th. Finally, Barclays increased their price objective on shares of Moody’s from $250.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, December 2nd. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $296.47.
Moody’s Stock Up 0.4 %
Shares of NYSE MCO opened at $319.58 on Monday. The company’s 50-day simple moving average is $295.21 and its 200-day simple moving average is $285.42. Moody’s Co. has a 52-week low of $230.16 and a 52-week high of $354.81. The firm has a market cap of $58.55 billion, a price-to-earnings ratio of 38.14, a price-to-earnings-growth ratio of 3.10 and a beta of 1.24. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 3.08.
Moody’s Company Profile
(Get Rating)
Moody’s Corp. engages in the provision of credit ratings, research, tools and analysis to the global capital markets. It operates through the following segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The MIS segment is a credit rating agency, which publishes credit ratings on debt obligations and the entities, including various corporate and governmental obligations, structured finance securities and commercial paper programs.
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