Hsbc Holdings PLC Acquires 16,651 Shares of Moelis & Company $MC

Hsbc Holdings PLC grew its holdings in Moelis & Company (NYSE:MC) by 541.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,726 shares of the asset manager’s stock after buying an additional 16,651 shares during the period. Hsbc Holdings PLC’s holdings in Moelis & Company were worth $1,364,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in Moelis & Company in the 4th quarter valued at $27,000. Hantz Financial Services Inc. boosted its position in Moelis & Company by 64.4% during the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after purchasing an additional 163 shares during the period. Allworth Financial LP increased its holdings in shares of Moelis & Company by 153.9% in the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 254 shares during the last quarter. eCIO Inc. acquired a new position in shares of Moelis & Company in the fourth quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Moelis & Company by 89.5% in the second quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 282 shares during the period. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Stock Down 0.0%

Shares of Moelis & Company stock opened at $63.72 on Monday. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 0.77 and a beta of 1.85. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22. The firm’s 50-day moving average price is $66.37 and its two-hundred day moving average price is $65.77.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). The firm had revenue of $319.78 million during the quarter, compared to the consensus estimate of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. Moelis & Company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 earnings per share. On average, sell-side analysts expect that Moelis & Company will post 3.14 earnings per share for the current year.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, May 11th were paid a $0.65 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.60 annualized dividend and a yield of 4.1%. Moelis & Company’s dividend payout ratio (DPR) is 93.53%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MC shares. The Goldman Sachs Group cut their target price on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Keefe, Bruyette & Woods decreased their price target on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a research note on Friday. Wall Street Zen cut shares of Moelis & Company from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Morgan Stanley lowered their price target on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, Zacks Research downgraded shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.38.

Moelis & Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.