Legacy Private Trust buys $1,354,076 stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Legacy Private Trust scooped up 1,193 additional shares in Moody's Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 13,708 shares of Moody's Corporation which is valued at $1,354,076.Moody's Corporation makes up approximately 0.20% of Legacy Private Trust’s portfolio.

Moody's Corporation opened for trading at $99.1 and hit $100.13 on the upside on Wednesday, eventually ending the session at $99.8, with a gain of 0.11% or 0.11 points. The heightened volatility saw the trading volume jump to 6,67,628 shares. Company has a market cap of $19,451 M.

Other Hedge Funds, Including , Fisher Asset Management added MCO to its portfolio by purchasing 2,160 company shares during the most recent quarter which is valued at $213,365.New York State Teachers Retirement System reduced its stake in MCO by selling 829 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 333,435 shares of MCO which is valued at $32,936,709. Moody's Corporation makes up approx 0.09% of New York State Teachers Retirement System’s portfolio. Stonebridge Capital Management Inc sold out all of its stake in MCO during the most recent quarter. The investment firm sold 2,000 shares of MCO which is valued $195,580.

On the company’s financial health, Moody's Corporation reported $1.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 5, 2016. Analyst had a consensus of $1.05. The company had revenue of $865.90 million for the quarter, compared to analysts expectations of $855.89 million. The company’s revenue was down -1.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.12 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.

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