Moody’s Corporation $MCO Shares Acquired by Harbour Investments Inc.

Harbour Investments Inc. lifted its position in Moody’s Corporation (NYSE:MCO) by 8.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 525 shares of the business services provider’s stock after acquiring an additional 43 shares during the period. Harbour Investments Inc.’s holdings in Moody’s were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MCO. Saudi Central Bank purchased a new position in Moody’s in the 1st quarter worth $30,000. ORG Partners LLC raised its stake in Moody’s by 50.0% in the 2nd quarter. ORG Partners LLC now owns 66 shares of the business services provider’s stock worth $33,000 after acquiring an additional 22 shares during the last quarter. Central Pacific Bank Trust Division raised its stake in Moody’s by 42.9% in the 2nd quarter. Central Pacific Bank Trust Division now owns 80 shares of the business services provider’s stock worth $40,000 after acquiring an additional 24 shares during the last quarter. Maryland Capital Advisors Inc. purchased a new position in Moody’s in the 2nd quarter worth $47,000. Finally, Golden State Wealth Management LLC raised its stake in Moody’s by 5,050.0% in the 1st quarter. Golden State Wealth Management LLC now owns 103 shares of the business services provider’s stock worth $48,000 after acquiring an additional 101 shares during the last quarter. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Insider Buying and Selling at Moody’s

In related news, CFO Noemie Clemence Heuland sold 897 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $508.24, for a total transaction of $455,891.28. Following the completion of the sale, the chief financial officer owned 2,148 shares of the company’s stock, valued at approximately $1,091,699.52. This represents a 29.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael L. West sold 3,704 shares of the company’s stock in a transaction dated Tuesday, July 29th. The shares were sold at an average price of $511.10, for a total transaction of $1,893,114.40. Following the sale, the insider directly owned 8,209 shares of the company’s stock, valued at approximately $4,195,619.90. This represents a 31.09% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,423 shares of company stock valued at $4,802,876. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MCO. Evercore ISI raised their target price on Moody’s from $531.00 to $535.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. boosted their target price on shares of Moody’s from $570.00 to $580.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft set a $528.00 target price on shares of Moody’s and gave the company a “buy” rating in a research report on Wednesday, October 1st. Barclays boosted their target price on shares of Moody’s from $520.00 to $580.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Oppenheimer boosted their target price on shares of Moody’s from $552.00 to $563.00 and gave the company an “outperform” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $542.87.

Moody’s Stock Up 2.2%

MCO stock opened at $485.04 on Wednesday. The stock has a market capitalization of $86.82 billion, a P/E ratio of 41.21, a P/E/G ratio of 2.90 and a beta of 1.41. The firm has a 50-day simple moving average of $495.67 and a 200-day simple moving average of $483.63. The company has a quick ratio of 1.75, a current ratio of 1.75 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 $531.93.

Moody’s (NYSE:MCO) last released its earnings results on Wednesday, July 23rd. The business services provider reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.17. The business had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Moody’s had a net margin of 29.18% and a return on equity of 60.73%. The company’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.28 earnings per share. Equities analysts forecast that Moody’s Corporation will post 13.95 earnings per share for the current fiscal year.

Moody’s Company Profile

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.