CIBC Private Wealth Group LLC lowered its stake in Moody’s Co. (NYSE:MCO) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 71,246 shares of the business services provider’s stock after selling 963 shares during the period. CIBC Private Wealth Group LLC’s holdings in Moody’s were worth $9,977,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MCO. FMR LLC lifted its holdings in Moody’s by 7.2% in the 2nd quarter. FMR LLC now owns 2,424,897 shares of the business services provider’s stock valued at $413,590,000 after purchasing an additional 162,065 shares in the last quarter. Bank of Montreal Can lifted its holdings in Moody’s by 17.2% in the 3rd quarter. Bank of Montreal Can now owns 180,871 shares of the business services provider’s stock valued at $30,242,000 after purchasing an additional 26,543 shares in the last quarter. Andra AP fonden lifted its holdings in Moody’s by 8.1% in the 3rd quarter. Andra AP fonden now owns 27,900 shares of the business services provider’s stock valued at $4,665,000 after purchasing an additional 2,100 shares in the last quarter. Bainco International Investors purchased a new position in Moody’s in the 3rd quarter valued at $220,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Moody’s by 16.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 87,318 shares of the business services provider’s stock valued at $14,600,000 after purchasing an additional 12,220 shares in the last quarter. 91.65% of the stock is currently owned by institutional investors.

In other Moody’s news, SVP Blair Worrall sold 5,561 shares of the firm’s stock in a transaction on Friday, November 16th. The stock was sold at an average price of $147.43, for a total value of $819,858.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by company insiders.

A number of research analysts have weighed in on MCO shares. Goldman Sachs Group started coverage on Moody’s in a report on Wednesday, November 14th. They issued a “neutral” rating and a $165.00 price objective on the stock. Cantor Fitzgerald decreased their price objective on Moody’s to $145.00 and set a “neutral” rating on the stock in a report on Monday, October 29th. Barclays decreased their price objective on Moody’s from $175.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, January 7th. UBS Group decreased their price objective on Moody’s from $156.00 to $154.00 and set a “neutral” rating on the stock in a report on Tuesday, January 8th. Finally, Morgan Stanley lowered Moody’s from an “equal weight” rating to an “underweight” rating and set a $135.00 price objective on the stock. in a report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Moody’s currently has an average rating of “Hold” and an average price target of $170.00.

Shares of MCO opened at $164.61 on Thursday. Moody’s Co. has a 52-week low of $129.26 and a 52-week high of $187.98. The firm has a market capitalization of $30.85 billion, a price-to-earnings ratio of 27.12, a P/E/G ratio of 1.89 and a beta of 1.27. The company has a debt-to-equity ratio of 7.40, a current ratio of 1.38 and a quick ratio of 1.38.

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Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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Institutional Ownership by Quarter for Moody`s (NYSE:MCO)

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