3,410 Shares in Moody’s Corporation $MCO Purchased by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Moody’s Corporation (NYSE:MCO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,410 shares of the business services provider’s stock, valued at approximately $1,625,000. Moody’s comprises about 0.7% of Pilgrim Partners Asia Pte Ltd’s holdings, making the stock its 25th largest position.

Several other large investors have also bought and sold shares of MCO. Rexford Capital Inc. purchased a new stake in Moody’s in the 2nd quarter valued at about $25,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Moody’s during the 2nd quarter valued at $25,000. Johnson Financial Group Inc. purchased a new position in shares of Moody’s in the 2nd quarter worth about $28,000. Heartwood Wealth Advisors LLC purchased a new stake in Moody’s during the third quarter worth about $31,000. Finally, ORG Partners LLC boosted its stake in Moody’s by 50.0% in the second quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 22 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MCO has been the topic of several research reports. Morgan Stanley boosted their target price on Moody’s from $520.00 to $526.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 13th. Wall Street Zen upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $528.00 price target on Moody’s and gave the stock a “buy” rating in a report on Wednesday, October 1st. Royal Bank Of Canada restated an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a research note on Thursday, October 9th. Finally, Wells Fargo & Company increased their price target on shares of Moody’s from $620.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $560.94.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the completion of the sale, the chief executive officer directly owned 61,082 shares in the company, valued at $29,255,223.90. This trade represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.14% of the company’s stock.

Moody’s Price Performance

Shares of NYSE:MCO opened at $525.31 on Tuesday. The company’s fifty day moving average is $506.30 and its 200 day moving average is $499.95. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.70. Moody’s Corporation has a 52 week low of $378.71 and a 52 week high of $546.88. The stock has a market cap of $93.72 billion, a PE ratio of 42.23, a PEG ratio of 2.42 and a beta of 1.45.

Moody’s Profile

Moody’s Corporation is a global provider of credit ratings, research, data and analytics that support financial decision-making and transparency in capital markets. The company traces its origins to the early 20th century when financial analyst John Moody began publishing credit information; today Moody’s is headquartered in New York and serves a broad set of market participants including investors, issuers, financial institutions, corporations, governments and regulators.

Moody’s operates primarily through two complementary businesses.