Meritage Group Lp buys $152,215,835 stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Meritage Group Lp scooped up 3,604 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 12, 2016. The investment management firm now holds a total of 1,471,253 shares of Moody's Corporation which is valued at $152,215,835.Moody's Corporation makes up approximately 4.61% of Meritage Group Lp’s portfolio.

Other Hedge Funds, Including , Credit Suisse Ag reduced its stake in MCO by selling 52,116 shares or 15.17% in the most recent quarter. The Hedge Fund company now holds 291,498 shares of MCO which is valued at $30,158,383. Moody's Corporation makes up approx 0.04% of Credit Suisse Ag’s portfolio.Credit Agricole S A reduced its stake in MCO by selling 171,785 shares or 28.87% in the most recent quarter. The Hedge Fund company now holds 423,280 shares of MCO which is valued at $43,792,549. Moody's Corporation makes up approx 0.16% of Credit Agricole S A’s portfolio. Agf Investments America added MCO to its portfolio by purchasing 41,324 company shares during the most recent quarter which is valued at $4,322,077. Moody's Corporation makes up approx 1.88% of Agf Investments America’s portfolio.Ngam Advisors boosted its stake in MCO in the latest quarter, The investment management firm added 5,077 additional shares and now holds a total of 54,977 shares of Moody's Corporation which is valued at $5,750,044. Moody's Corporation makes up approx 0.08% of Ngam Advisors’s portfolio.

Moody's Corporation opened for trading at $106.36 and hit $107.43 on the upside on Monday, eventually ending the session at $107.16, with a gain of 0.88% or 0.94 points. The heightened volatility saw the trading volume jump to 5,12,061 shares. Company has a market cap of $20,607 M.

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.

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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