Sarasin Partners Llp Lowers stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Sarasin Partners Llp reduced its stake in Moody's Corporation by 1.03% during the most recent quarter end. The investment management company now holds a total of 464,297 shares of Moody's Corporation which is valued at $49,716,923 after selling 4,819 shares in Moody's Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Moody's Corporation makes up approximately 0.79% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Eagle Asset Management Inc boosted its stake in MCO in the latest quarter, The investment management firm added 8,270 additional shares and now holds a total of 212,277 shares of Moody's Corporation which is valued at $22,836,760. Moody's Corporation makes up approx 0.16% of Eagle Asset Management Inc’s portfolio.Capstone Asset Management Co reduced its stake in MCO by selling 60 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 16,842 shares of MCO which is valued at $1,811,862. Moody's Corporation makes up approx 0.05% of Capstone Asset Management Co’s portfolio.Fisher Asset Management boosted its stake in MCO in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 2,335 shares of Moody's Corporation which is valued at $254,865.

Moody's Corporation opened for trading at $107.84 and hit $108.31 on the upside on Friday, eventually ending the session at $107.08, with a gain of 0.44% or 0.47 points. The heightened volatility saw the trading volume jump to 6,92,509 shares. Company has a market cap of $20,591 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.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Moody's Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Moody's Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.