Moody's Corporation (MCO) : Clark Estates Incny reduced its stake in Moody's Corporation by 18.75% during the most recent quarter end. The investment management company now holds a total of 26,000 shares of Moody's Corporation which is valued at $2,719,340 after selling 6,000 shares in Moody's Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Moody's Corporation makes up approximately 0.51% of Clark Estates Incny’s portfolio.
Other Hedge Funds, Including , Trimtabs Asset Management reduced its stake in MCO by selling 1,686 shares or 10.41% in the most recent quarter. The Hedge Fund company now holds 14,506 shares of MCO which is valued at $1,517,183. Moody's Corporation makes up approx 0.94% of Trimtabs Asset Management’s portfolio.Sit Investment Associates Inc reduced its stake in MCO by selling 4,000 shares or 35.09% in the most recent quarter. The Hedge Fund company now holds 7,400 shares of MCO which is valued at $784,474. Moody's Corporation makes up approx 0.02% of Sit Investment Associates Inc’s portfolio.Bls Capital Fondsmaeglerselskab As boosted its stake in MCO in the latest quarter, The investment management firm added 9,300 additional shares and now holds a total of 330,385 shares of Moody's Corporation which is valued at $34,436,029. Moody's Corporation makes up approx 14.85% of Bls Capital Fondsmaeglerselskab As’s portfolio.James Investment Research Inc reduced its stake in MCO by selling 2,350 shares or 48.16% in the most recent quarter. The Hedge Fund company now holds 2,530 shares of MCO which is valued at $263,019. Moody's Corporation makes up approx 0.01% of James Investment Research Inc’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.