AlphaQuest LLC Increases Stock Holdings in Moody’s Corporation $MCO

AlphaQuest LLC raised its stake in shares of Moody’s Corporation (NYSE:MCO) by 185.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,506 shares of the business services provider’s stock after purchasing an additional 1,628 shares during the quarter. AlphaQuest LLC’s holdings in Moody’s were worth $1,194,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Boston Trust Walden Corp raised its stake in Moody’s by 0.3% in the second quarter. Boston Trust Walden Corp now owns 7,400 shares of the business services provider’s stock worth $3,712,000 after buying an additional 20 shares in the last quarter. VestGen Advisors LLC boosted its position in Moody’s by 2.0% during the 2nd quarter. VestGen Advisors LLC now owns 1,097 shares of the business services provider’s stock valued at $550,000 after acquiring an additional 21 shares in the last quarter. EWA LLC grew its holdings in shares of Moody’s by 4.4% during the 3rd quarter. EWA LLC now owns 501 shares of the business services provider’s stock worth $239,000 after acquiring an additional 21 shares during the period. CWM LLC raised its position in shares of Moody’s by 0.4% in the 3rd quarter. CWM LLC now owns 5,002 shares of the business services provider’s stock worth $2,383,000 after acquiring an additional 22 shares in the last quarter. Finally, Investment Management Corp VA ADV lifted its stake in shares of Moody’s by 2.2% in the 3rd quarter. Investment Management Corp VA ADV now owns 1,002 shares of the business services provider’s stock valued at $477,000 after purchasing an additional 22 shares during the period. 92.11% of the stock is currently owned by institutional investors.

Moody’s Stock Down 0.0%

NYSE:MCO opened at $515.39 on Monday. The firm has a market cap of $91.95 billion, a P/E ratio of 41.43, a P/E/G ratio of 2.38 and a beta of 1.44. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $546.88. The firm has a 50-day simple moving average of $509.66 and a two-hundred day simple moving average of $500.42.

Analysts Set New Price Targets

A number of research firms have issued reports on MCO. BMO Capital Markets decreased their price objective on Moody’s from $534.00 to $507.00 and set a “market perform” rating for the company in a report on Thursday, October 23rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Moody’s in a research report on Thursday, October 9th. Raymond James Financial raised shares of Moody’s from an “underperform” rating to a “market perform” rating in a research report on Friday, October 17th. Evercore ISI upped their price objective on shares of Moody’s from $540.00 to $620.00 and gave the stock an “outperform” rating in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $560.94.

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.