Retirement Systems of Alabama Acquires 236 Shares of Moody’s Co. (NYSE:MCO)

Retirement Systems of Alabama grew its stake in Moody’s Co. (NYSE:MCO) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,740 shares of the business services provider’s stock after acquiring an additional 236 shares during the quarter. Retirement Systems of Alabama’s holdings in Moody’s were worth $15,972,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Planning Capital Management Corp increased its position in shares of Moody’s by 566.7% during the third quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock worth $29,000 after purchasing an additional 51 shares in the last quarter. Larson Financial Group LLC lifted its stake in Moody’s by 272.2% during the 3rd quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 49 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in Moody’s in the third quarter valued at $36,000. Asset Dedication LLC grew its position in Moody’s by 83.0% during the 3rd quarter. Asset Dedication LLC now owns 86 shares of the business services provider’s stock worth $41,000 after purchasing an additional 39 shares during the period. Finally, Albion Financial Group UT purchased a new position in shares of Moody’s during the 4th quarter valued at about $45,000. 92.11% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Robert Fauber sold 281 shares of Moody’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total value of $133,435.66. Following the transaction, the chief executive officer now directly owns 61,894 shares of the company’s stock, valued at $29,390,984.84. The trade was a 0.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 1,124 shares of company stock worth $540,051. 0.07% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MCO has been the subject of a number of analyst reports. UBS Group boosted their price target on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Citigroup started coverage on Moody’s in a report on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective on the stock. Robert W. Baird increased their price objective on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, BMO Capital Markets increased their price objective on shares of Moody’s from $468.00 to $481.00 and gave the company a “market perform” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Trading Up 0.1 %

NYSE:MCO opened at $503.51 on Friday. The stock has a fifty day moving average price of $482.92 and a 200 day moving average price of $475.85. 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 firm has a market cap of $91.24 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 2.91 and a beta of 1.31. Moody’s Co. has a 12-month low of $360.05 and a 12-month high of $506.27.

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.