PNC Financial Services Group Inc. Sells 2,854 Shares of Moody’s Corporation $MCO

PNC Financial Services Group Inc. lowered its position in Moody’s Corporation (NYSE:MCO) by 2.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 141,921 shares of the business services provider’s stock after selling 2,854 shares during the period. PNC Financial Services Group Inc. owned 0.08% of Moody’s worth $67,623,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. VestGen Advisors LLC boosted its position in Moody’s by 2.0% during the second 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 during the last quarter. EWA LLC lifted its stake in shares of Moody’s by 4.4% in the 3rd quarter. EWA LLC now owns 501 shares of the business services provider’s stock valued at $239,000 after purchasing an additional 21 shares during the period. CWM LLC boosted its position in shares of Moody’s by 0.4% during the 3rd quarter. CWM LLC now owns 5,002 shares of the business services provider’s stock valued at $2,383,000 after purchasing an additional 22 shares in the last quarter. Investment Management Corp VA ADV boosted its position in shares of Moody’s by 2.2% during 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 in the last quarter. Finally, Fiduciary Financial Group LLC grew its stake in Moody’s by 3.4% during the third quarter. Fiduciary Financial Group LLC now owns 693 shares of the business services provider’s stock worth $330,000 after purchasing an additional 23 shares during the period. Institutional investors own 92.11% of the company’s stock.

Moody’s Trading Up 2.8%

MCO opened at $426.82 on Tuesday. 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 market capitalization of $76.14 billion, a PE ratio of 34.31, a P/E/G ratio of 1.97 and a beta of 1.44. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.84 and a quick ratio of 1.84. The company’s 50-day moving average is $500.43 and its 200 day moving average is $495.66.

Wall Street Analysts Forecast Growth

MCO has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their price target on Moody’s from $603.00 to $532.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Mizuho boosted their target price on shares of Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Stifel Nicolaus set a $574.00 price target on shares of Moody’s and gave the stock a “buy” rating in a report on Monday, January 5th. Evercore lifted their price target 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. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Moody’s from $580.00 to $560.00 and set an “overweight” rating on the stock in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Moody’s currently has an average rating of “Moderate Buy” and an average price target of $558.56.

Insider Buying and Selling at Moody’s

In related news, CEO Robert Fauber sold 592 shares of Moody’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $516.15, for a total transaction of $305,560.80. Following the transaction, the chief executive officer owned 61,082 shares of the company’s stock, valued at $31,527,474.30. The trade was a 0.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

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.