National Pension Service Has $176.71 Million Stock Holdings in Moody’s Corporation $MCO

National Pension Service raised its position in Moody’s Corporation (NYSE:MCO) by 2.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 370,862 shares of the business services provider’s stock after acquiring an additional 10,090 shares during the period. National Pension Service’s holdings in Moody’s were worth $176,708,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Rexford Capital Inc. acquired a new position in Moody’s during the second quarter worth $25,000. Newbridge Financial Services Group Inc. bought a new stake in Moody’s during the 2nd quarter worth about $25,000. Johnson Financial Group Inc. acquired a new position in shares of Moody’s during the 2nd quarter worth about $28,000. Heartwood Wealth Advisors LLC bought a new position in shares of Moody’s in the 3rd quarter valued at about $31,000. Finally, Salomon & Ludwin LLC acquired a new stake in shares of Moody’s in the third quarter valued at about $38,000. 92.11% of the stock is owned by institutional investors.

Insider Activity at Moody’s

In related news, CEO Robert Fauber sold 1,167 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $478.95, for a total value of $558,934.65. Following the transaction, the chief executive officer owned 61,082 shares in the company, valued at approximately $29,255,223.90. This represents a 1.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Moody’s Trading Down 0.0%

Shares of Moody’s stock opened at $515.39 on Friday. 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 business has a fifty day simple moving average of $509.66 and a two-hundred day simple moving average of $500.42. Moody’s Corporation has a 1 year low of $378.71 and a 1 year high of $546.88. The company has a market capitalization of $91.95 billion, a price-to-earnings ratio of 41.43, a P/E/G ratio of 2.38 and a beta of 1.45.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Mizuho increased their price target on Moody’s from $539.00 to $550.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Evercore ISI increased their price objective on Moody’s from $540.00 to $620.00 and gave the company an “outperform” rating in a report on Thursday, January 8th. JPMorgan Chase & Co. lowered their target price 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. 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. Finally, The Goldman Sachs Group upgraded shares of Moody’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $524.00 to $570.00 in a research note on Tuesday, December 16th. One 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, Moody’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $560.94.

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.