Migdal Insurance Financial Holdings Ltd. Lowers stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Migdal Insurance Financial Holdings Ltd. reduced its stake in Moody's Corporation by 16.62% during the most recent quarter end. The investment management company now holds a total of 185,160 shares of Moody's Corporation which is valued at $19,365,884 after selling 36,920 shares in Moody's Corporation , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Moody's Corporation makes up approximately 0.51% of Migdal Insurance Financial Holdings Ltd.’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities sold out all of its stake in MCO during the most recent quarter. The investment firm sold 6,541 shares of MCO which is valued $684,123. 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.Smithfield Trust Co reduced its stake in MCO by selling 300 shares or 26.09% in the most recent quarter. The Hedge Fund company now holds 850 shares of MCO which is valued at $90,109. Moody's Corporation makes up approx 0.02% of Smithfield Trust Co’s portfolio.

Moody's Corporation closed down -0.55 points or -0.52% at $104.5 with 4,61,480 shares getting traded on Monday. Post opening the session at $104.76, the shares hit an intraday low of $104.33 and an intraday high of $105.15 and the price fluctuated in this range throughout the day.Shares ended Monday 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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