Davis Capital Partners buys $20,174,700 stake in Moody's Corporation (MCO)

Moody's Corporation (MCO) : Davis Capital Partners scooped up 15,000 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 11, 2016. The investment management firm now holds a total of 195,000 shares of Moody's Corporation which is valued at $20,174,700.Moody's Corporation makes up approximately 3.26% of Davis Capital Partners’s portfolio.

Other Hedge Funds, Including , Comerica Bank reduced its stake in MCO by selling 1,258 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 67,238 shares of MCO which is valued at $6,956,443. Moody's Corporation makes up approx 0.06% of Comerica Bank’s portfolio.Dimensional Fund Advisors Lp boosted its stake in MCO in the latest quarter, The investment management firm added 1,615 additional shares and now holds a total of 336,068 shares of Moody's Corporation which is valued at $35,119,106. Moody's Corporation makes up approx 0.02% of Dimensional Fund Advisors Lp’s portfolio.William Blair Investment Management reduced its stake in MCO by selling 1,608,584 shares or 71.76% in the most recent quarter. The Hedge Fund company now holds 633,135 shares of MCO which is valued at $66,168,939. Moody's Corporation makes up approx 0.25% of William Blair Investment Management’s portfolio. Thompson Siegel Walmsley added MCO to its portfolio by purchasing 223 company shares during the most recent quarter which is valued at $23,426.First Manhattan Co reduced its stake in MCO by selling 210 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 249,076 shares of MCO which is valued at $25,893,941. Moody's Corporation makes up approx 0.16% of First Manhattan Co’s portfolio.

Moody's Corporation opened for trading at $105.06 and hit $106.28 on the upside on Tuesday, eventually ending the session at $105.63, with a gain of 1.08% or 1.13 points. The heightened volatility saw the trading volume jump to 5,79,190 shares. Company has a market cap of $20,313 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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