Agf Investments buys $133,746,241 stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Agf Investments scooped up 25,008 additional shares in Moody's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 1,278,767 shares of Moody's Corporation which is valued at $133,746,241.Moody's Corporation makes up approximately 1.46% of Agf Investments’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System reduced its stake in MCO by selling 17,374 shares or 4.61% in the most recent quarter. The Hedge Fund company now holds 359,747 shares of MCO which is valued at $37,625,939. Moody's Corporation makes up approx 0.08% of California State Teachers Retirement System’s portfolio.Kornitzer Capital Management Inc Ks reduced its stake in MCO by selling 8,705 shares or 8.07% in the most recent quarter. The Hedge Fund company now holds 99,200 shares of MCO which is valued at $10,516,192. Moody's Corporation makes up approx 0.19% of Kornitzer Capital Management Inc Ks’s portfolio.Nordea Investment Management Ab boosted its stake in MCO in the latest quarter, The investment management firm added 294 additional shares and now holds a total of 114,179 shares of Moody's Corporation which is valued at $11,900,877. Moody's Corporation makes up approx 0.03% of Nordea Investment Management Ab’s portfolio.First Manhattan Co reduced its stake in MCO by selling 210 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 249,076 shares of MCO which is valued at $25,893,941. Moody's Corporation makes up approx 0.16% of First Manhattan Co’s portfolio.

Moody's Corporation closed down -0.68 points or -0.65% at $103.91 with 8,31,995 shares getting traded on Thursday. Post opening the session at $104.71, the shares hit an intraday low of $103.69 and an intraday high of $105.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Moody's Corporation reported $1.30 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.26. The company had revenue of $928.90 million for the quarter, compared to analysts expectations of $906.13 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.

Investors should note that on Jul 12, 2016, Moody's Corporation announced a cash dividend of $0.3700. The company’s management has announced Aug 18, 2016 as the ex-dividend date and fixed the record date on Aug 22, 2016. The payable date has been fixed on Sep 12, 2016.

Many Wall Street Analysts have commented on Moody's Corporation. Moody's Corporation was Initiated by Credit Suisse to “Neutral” on Jul 12, 2016.

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit capital markets and economic related research data and analytical tools; software solutions and related risk management services; quantitative credit risk measures financial services training and certification services and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The Company’s MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world including various corporate and Governmental obligations structured finance securities and commercial paper programs. The Company’s MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.

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