Apollon Wealth Management LLC Grows Position in Moody’s Co. (NYSE:MCO)

Apollon Wealth Management LLC grew its position in Moody’s Co. (NYSE:MCO) by 4.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 4,614 shares of the business services provider’s stock after acquiring an additional 176 shares during the period. Apollon Wealth Management LLC’s holdings in Moody’s were worth $2,184,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MCO. International Assets Investment Management LLC raised its stake in Moody’s by 74,000.1% during the 3rd quarter. International Assets Investment Management LLC now owns 724,699 shares of the business services provider’s stock worth $343,935,000 after acquiring an additional 723,721 shares in the last quarter. FMR LLC grew its holdings in shares of Moody’s by 12.3% during the third quarter. FMR LLC now owns 6,581,036 shares of the business services provider’s stock worth $3,123,294,000 after purchasing an additional 723,226 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Moody’s by 32.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,075,719 shares of the business services provider’s stock worth $985,115,000 after purchasing an additional 502,891 shares in the last quarter. Jennison Associates LLC lifted its stake in Moody’s by 22.6% in the third quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after buying an additional 430,878 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Moody’s by 13.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,612,172 shares of the business services provider’s stock worth $1,708,851,000 after purchasing an additional 416,535 shares during the period. 92.11% of the stock is owned by hedge funds and other institutional investors.

Moody’s Trading Up 0.1 %

Shares of MCO stock opened at $503.51 on Monday. Moody’s Co. has a 1 year low of $360.05 and a 1 year high of $506.27. The firm has a market capitalization of $91.24 billion, a PE ratio of 45.98, a price-to-earnings-growth ratio of 2.93 and a beta of 1.31. The stock has a fifty day moving average of $482.99 and a two-hundred day moving average of $476.38. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MCO shares. Stifel Nicolaus boosted their price objective on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. StockNews.com raised Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. BMO Capital Markets upped their price target 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. Oppenheimer increased their price objective on Moody’s from $543.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Finally, Robert W. Baird lifted their target price on shares of Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $507.36.

Insider Activity at Moody’s

In other Moody’s news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction of $133,435.66. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 1,124 shares of company stock worth $540,051 over the last ninety days. 0.07% of the stock is currently owned by corporate insiders.

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.