Mutual of America Capital Management LLC Sells 1,019 Shares of Moody’s Corporation $MCO

Mutual of America Capital Management LLC lessened its position in Moody’s Corporation (NYSE:MCO) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,724 shares of the business services provider’s stock after selling 1,019 shares during the period. Mutual of America Capital Management LLC’s holdings in Moody’s were worth $7,969,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MCO. Commerzbank Aktiengesellschaft FI raised its holdings in Moody’s by 6.8% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,910 shares of the business services provider’s stock valued at $4,722,000 after buying an additional 627 shares during the last quarter. Whittier Trust Co. increased its position in Moody’s by 2.9% in the 3rd quarter. Whittier Trust Co. now owns 1,851 shares of the business services provider’s stock valued at $898,000 after acquiring an additional 53 shares during the period. TFR Capital LLC. raised its stake in shares of Moody’s by 1.7% during the third quarter. TFR Capital LLC. now owns 4,393 shares of the business services provider’s stock valued at $2,093,000 after acquiring an additional 72 shares during the last quarter. Oxbow Advisors LLC lifted its holdings in shares of Moody’s by 2.0% during the third quarter. Oxbow Advisors LLC now owns 32,955 shares of the business services provider’s stock worth $15,702,000 after purchasing an additional 644 shares during the period. Finally, BAM Wealth Management LLC bought a new stake in shares of Moody’s in the third quarter worth $871,000. 92.11% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 1,167 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $478.95, for a total transaction of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at $29,255,223.90. The trade was a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Moody’s Trading Down 1.3%

Shares of MCO stock opened at $518.60 on Wednesday. Moody’s Corporation has a fifty-two week low of $378.71 and a fifty-two week high of $546.88. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a 50 day simple moving average of $507.26 and a two-hundred day simple moving average of $500.08. The company has a market cap of $92.52 billion, a P/E ratio of 41.69, a PEG ratio of 2.42 and a beta of 1.45.

Analysts Set New Price Targets

Several research analysts have commented on MCO shares. Seaport Research Partners raised Moody’s to a “strong-buy” rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft set a $528.00 price objective on Moody’s and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Stifel Nicolaus set a $574.00 target price on Moody’s and gave the company a “buy” rating in a report on Monday, January 5th. Royal Bank Of Canada restated an “outperform” rating and set a $550.00 price target on shares of Moody’s in a report on Thursday, October 9th. Finally, Daiwa Capital Markets raised shares of Moody’s from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $500.00 to $590.00 in a research note on Tuesday, January 13th. One investment 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.