Flossbach Von Storch SE Sells 83,623 Shares of Moody’s Corporation $MCO

Flossbach Von Storch SE lowered its stake in shares of Moody’s Corporation (NYSE:MCO) by 45.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,816 shares of the business services provider’s stock after selling 83,623 shares during the quarter. Flossbach Von Storch SE owned 0.06% of Moody’s worth $48,513,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Boston Trust Walden Corp lifted its stake in Moody’s by 0.3% during the second quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider’s stock worth $3,712,000 after purchasing an additional 20 shares during the last quarter. VestGen Advisors LLC lifted its position in Moody’s by 2.0% in the 2nd quarter. VestGen Advisors LLC now owns 1,097 shares of the business services provider’s stock worth $550,000 after buying an additional 21 shares during the last quarter. EWA LLC boosted its stake in Moody’s by 4.4% in the third quarter. EWA LLC now owns 501 shares of the business services provider’s stock worth $239,000 after buying an additional 21 shares in the last quarter. 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 worth $33,000 after buying an additional 22 shares in the last quarter. Finally, CWM LLC grew its position in Moody’s by 0.4% during the third quarter. CWM LLC now owns 5,002 shares of the business services provider’s stock valued at $2,383,000 after acquiring an additional 22 shares during the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Moody’s news, CEO Robert Fauber sold 1,167 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was 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 owned 61,082 shares in the company, valued at approximately $29,255,223.90. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MCO has been the subject of a number of research reports. Evercore ISI upped their price objective on shares of Moody’s from $540.00 to $620.00 and gave the company an “outperform” rating in a research note on Thursday, January 8th. BMO Capital Markets lowered their price target on shares of Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a research note on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Moody’s in a research note on Thursday, October 9th. Wells Fargo & Company boosted their target price on Moody’s from $620.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen upgraded Moody’s from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus price target of $560.94.

Moody’s Stock Performance

Shares of NYSE:MCO opened at $516.79 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.70. The company has a 50-day moving average price of $508.14 and a 200-day moving average price of $500.20. The company has a market cap of $92.19 billion, a price-to-earnings ratio of 41.54, a price-to-earnings-growth ratio of 2.39 and a beta of 1.45. Moody’s Corporation has a 12 month low of $378.71 and a 12 month high of $546.88.

Moody’s Company 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.