Hsbc Holdings PLC lifted its holdings in shares of Moelis & Co (NYSE:MC) by 553.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,990 shares of the asset manager’s stock after purchasing an additional 81,297 shares during the quarter. Hsbc Holdings PLC’s holdings in Moelis & Co were worth $5,260,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in MC. Advisory Services Network LLC increased its stake in shares of Moelis & Co by 429.3% during the 2nd quarter. Advisory Services Network LLC now owns 1,588 shares of the asset manager’s stock worth $101,000 after purchasing an additional 1,288 shares during the last quarter. Alps Advisors Inc. acquired a new position in Moelis & Co in the 2nd quarter valued at $573,000. Los Angeles Capital Management & Equity Research Inc. grew its stake in Moelis & Co by 57.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 15,006 shares of the asset manager’s stock valued at $880,000 after buying an additional 5,480 shares during the last quarter. First Trust Advisors LP grew its stake in Moelis & Co by 3.9% in the 2nd quarter. First Trust Advisors LP now owns 126,007 shares of the asset manager’s stock valued at $7,390,000 after buying an additional 4,709 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Moelis & Co by 40.5% in the 2nd quarter. Sei Investments Co. now owns 102,630 shares of the asset manager’s stock valued at $6,019,000 after buying an additional 29,607 shares during the last quarter. Institutional investors own 75.60% of the company’s stock.
NYSE:MC opened at $38.68 on Friday. Moelis & Co has a 1 year low of $37.62 and a 1 year high of $67.65. The firm has a market capitalization of $2.19 billion, a P/E ratio of 15.17, a PEG ratio of 1.00 and a beta of 1.91.
Moelis & Co (NYSE:MC) last posted its earnings results on Monday, October 22nd. The asset manager reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). Moelis & Co had a net margin of 9.39% and a return on equity of 53.14%. The firm had revenue of $207.70 million during the quarter, compared to analyst estimates of $215.19 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. Equities analysts anticipate that Moelis & Co will post 2.83 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Thursday, November 1st were paid a $0.47 dividend. The ex-dividend date was Wednesday, October 31st. This represents a $1.88 dividend on an annualized basis and a yield of 4.86%. Moelis & Co’s payout ratio is presently 82.10%.
MC has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Wednesday, October 24th. Sandler O’Neill upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Friday. Goldman Sachs Group initiated coverage on shares of Moelis & Co in a research note on Tuesday, November 6th. They issued a “buy” rating and a $53.00 target price on the stock. ValuEngine lowered shares of Moelis & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, UBS Group lowered their target price on shares of Moelis & Co from $59.00 to $54.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Moelis & Co has a consensus rating of “Hold” and an average target price of $58.25.
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About Moelis & Co
Moelis & Company is a global investment bank. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. The firm's expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.
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