Moelis & Co (MC) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its position in Moelis & Co (NYSE:MC) by 553.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 95,990 shares of the asset manager’s stock after acquiring an additional 81,297 shares during the quarter. Hsbc Holdings PLC owned approximately 0.17% of Moelis & Co worth $5,260,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. United Services Automobile Association lifted its position in shares of Moelis & Co by 30.2% in the 3rd quarter. United Services Automobile Association now owns 7,330 shares of the asset manager’s stock valued at $402,000 after acquiring an additional 1,701 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Moelis & Co by 44.8% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 97,679 shares of the asset manager’s stock valued at $5,353,000 after acquiring an additional 30,216 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Moelis & Co in the 3rd quarter valued at approximately $367,000. Dimensional Fund Advisors LP lifted its position in shares of Moelis & Co by 9.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 653,421 shares of the asset manager’s stock valued at $35,808,000 after acquiring an additional 57,865 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Moelis & Co in the 3rd quarter valued at approximately $338,000. Institutional investors and hedge funds own 75.60% of the company’s stock.

MC stock opened at $38.68 on Friday. Moelis & Co has a 12-month low of $37.62 and a 12-month high of $67.65. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.00 and a beta of 1.91.

Moelis & Co (NYSE:MC) last released 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 return on equity of 53.14% and a net margin of 9.39%. The company had revenue of $207.70 million during the quarter, compared to analysts’ expectations of $215.19 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. As a group, equities analysts expect that Moelis & Co will post 2.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Thursday, November 1st were given a $0.47 dividend. The ex-dividend date of this dividend 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 82.10%.

Several equities research analysts recently commented on the stock. Sandler O’Neill upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Friday. Zacks Investment Research downgraded shares of Moelis & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. ValuEngine downgraded shares of Moelis & Co from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. UBS Group reduced their price target on shares of Moelis & Co from $59.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, October 23rd. Finally, Goldman Sachs Group assumed coverage on shares of Moelis & Co in a research report on Tuesday, November 6th. They issued a “buy” rating and a $53.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $58.25.

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Moelis & Co Profile

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.

Read More: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for Moelis & Co (NYSE:MC)

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