Rhumbline Advisers Sells 7,560 Shares of Moody’s Corporation $MCO

Rhumbline Advisers lessened its position in Moody’s Corporation (NYSE:MCO) by 2.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,401 shares of the business services provider’s stock after selling 7,560 shares during the quarter. Rhumbline Advisers owned 0.18% of Moody’s worth $150,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Moody’s by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 15,006,997 shares of the business services provider’s stock valued at $7,527,360,000 after acquiring an additional 191,368 shares during the last quarter. TCI Fund Management Ltd. increased its stake in Moody’s by 0.6% in the 2nd quarter. TCI Fund Management Ltd. now owns 13,246,979 shares of the business services provider’s stock worth $6,644,552,000 after purchasing an additional 83,872 shares during the period. Geode Capital Management LLC lifted its position in Moody’s by 1.8% in the second quarter. Geode Capital Management LLC now owns 3,888,788 shares of the business services provider’s stock valued at $1,943,418,000 after purchasing an additional 69,455 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Moody’s by 1.4% during the second quarter. Fiera Capital Corp now owns 2,574,948 shares of the business services provider’s stock valued at $1,291,568,000 after purchasing an additional 35,123 shares during the period. Finally, Norges Bank bought a new position in shares of Moody’s in the second quarter worth approximately $987,524,000. Hedge funds and other institutional investors own 92.11% of the company’s stock.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 592 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $516.15, for a total transaction of $305,560.80. Following the sale, the chief executive officer owned 61,082 shares in the company, valued at approximately $31,527,474.30. This trade represents a 0.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Moody’s Stock Performance

Shares of MCO opened at $411.65 on Thursday. The company has a market cap of $73.44 billion, a price-to-earnings ratio of 33.09, a P/E/G ratio of 1.94 and a beta of 1.44. The business’s fifty day simple moving average is $504.52 and its two-hundred day simple moving average is $497.63. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $546.88. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MCO shares. Mizuho upped their price objective on shares of Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. JPMorgan Chase & Co. reduced their price target on Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. Morgan Stanley increased their price objective on Moody’s from $520.00 to $526.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 13th. Wall Street Zen cut Moody’s from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Wells Fargo & Company raised their price target on Moody’s from $620.00 to $660.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. One equities 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $558.56.

About Moody’s

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.