Hartford Investment Management Co. Trims Stake in Moody’s Co. (NYSE:MCO)

Hartford Investment Management Co. lessened its holdings in shares of Moody’s Co. (NYSE:MCO) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,623 shares of the business services provider’s stock after selling 232 shares during the period. Hartford Investment Management Co.’s holdings in Moody’s were worth $4,555,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Planning Capital Management Corp boosted its holdings in Moody’s by 566.7% during the 3rd quarter. Planning Capital Management Corp now owns 60 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 51 shares during the period. Larson Financial Group LLC lifted its position in shares of Moody’s by 272.2% during the third quarter. Larson Financial Group LLC now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 49 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of Moody’s during the third quarter valued at $36,000. Asset Dedication LLC grew its holdings in shares of Moody’s by 83.0% in the third 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 last quarter. Finally, Albion Financial Group UT purchased a new position in Moody’s in the 4th quarter worth about $45,000. Institutional investors own 92.11% of the company’s stock.

Moody’s Trading Down 1.4 %

Shares of Moody’s stock opened at $505.28 on Thursday. Moody’s Co. has a 12-month low of $360.05 and a 12-month high of $513.04. The firm’s 50 day simple moving average is $483.50 and its two-hundred day simple moving average is $477.61. 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 capitalization of $91.56 billion, a price-to-earnings ratio of 46.14, a PEG ratio of 2.93 and a beta of 1.31.

Insiders Place Their Bets

In other news, CEO Robert Fauber sold 281 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $494.42, for a total value of $138,932.02. Following the completion of the transaction, the chief executive officer now owns 61,894 shares of the company’s stock, valued at $30,601,631.48. The trade was a 0.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 1,124 shares of company stock valued at $540,051. 0.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on MCO shares. Morgan Stanley boosted their price objective on shares of Moody’s from $462.00 to $481.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. Oppenheimer increased their price objective on Moody’s from $543.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. UBS Group lifted their target price on Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Robert W. Baird upped their target price on Moody’s from $490.00 to $512.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Finally, Citigroup began coverage on Moody’s in a research note on Friday, December 20th. They set a “buy” rating and a $565.00 price target on the stock. 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $507.36.

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.