Mediolanum International Funds Ltd Makes New $15.54 Million Investment in Moody’s Co. (NYSE:MCO)

Mediolanum International Funds Ltd purchased a new stake in Moody’s Co. (NYSE:MCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 32,904 shares of the business services provider’s stock, valued at approximately $15,543,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of Moody’s by 10.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,506 shares of the business services provider’s stock valued at $1,897,000 after buying an additional 419 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Moody’s by 2.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 3,544 shares of the business services provider’s stock worth $1,492,000 after purchasing an additional 81 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Moody’s by 0.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,813 shares of the business services provider’s stock valued at $7,919,000 after purchasing an additional 60 shares during the period. Coronation Fund Managers Ltd. purchased a new position in shares of Moody’s during the 2nd quarter valued at $2,893,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Moody’s in the second quarter worth $2,766,000. 92.11% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Moody’s news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $474.86, for a total transaction of $133,435.66. Following the completion of the transaction, the chief executive officer now owns 61,894 shares of the company’s stock, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold 843 shares of company stock worth $401,119 over the last three months. Company insiders own 0.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Oppenheimer boosted their target price on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Robert W. Baird upped their price objective on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Stifel Nicolaus increased their price target on shares of Moody’s from $454.00 to $459.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley lifted their price objective on shares of Moody’s from $462.00 to $481.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $507.36.

Moody’s Trading Up 1.8 %

NYSE:MCO opened at $499.15 on Friday. Moody’s Co. has a 12 month low of $360.05 and a 12 month high of $503.95. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69. The company has a 50-day moving average price of $482.26 and a 200-day moving average price of $473.99. The stock has a market cap of $90.45 billion, a price-to-earnings ratio of 45.58, a P/E/G ratio of 2.82 and a beta of 1.30.

About Moody’s

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.