Moelis & Company (NYSE:MC) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its holdings in Moelis & Company (NYSE:MC) by 274.4% during the second quarter, HoldingsChannel.com reports. The fund owned 16,524 shares of the asset manager’s stock after acquiring an additional 12,110 shares during the period. XTX Topco Ltd’s holdings in Moelis & Company were worth $940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MC. UMB Bank n.a. lifted its holdings in shares of Moelis & Company by 63.5% in the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after purchasing an additional 193 shares during the last quarter. Hexagon Capital Partners LLC increased its position in Moelis & Company by 147.9% in the first quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock worth $37,000 after buying an additional 392 shares during the period. Benjamin F. Edwards & Company Inc. lifted its stake in Moelis & Company by 510.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock valued at $47,000 after buying an additional 699 shares during the last quarter. Assetmark Inc. lifted its stake in Moelis & Company by 22.5% in the fourth quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock valued at $84,000 after buying an additional 276 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Moelis & Company during the second quarter valued at $113,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Moelis & Company

In related news, CEO Kenneth Moelis sold 5,308 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total transaction of $365,561.96. Following the completion of the sale, the chief executive officer now directly owns 86 shares in the company, valued at $5,922.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Moelis & Company news, CFO Joseph Simon sold 6,723 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $64.00, for a total transaction of $430,272.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kenneth Moelis sold 5,308 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total transaction of $365,561.96. Following the sale, the chief executive officer now directly owns 86 shares of the company’s stock, valued at $5,922.82. The disclosure for this sale can be found here. Insiders have sold 12,526 shares of company stock valued at $830,133 in the last quarter. Insiders own 6.40% of the company’s stock.

Moelis & Company Stock Performance

Shares of NYSE MC opened at $70.17 on Friday. Moelis & Company has a 1 year low of $38.58 and a 1 year high of $70.82. The firm has a market cap of $5.25 billion, a P/E ratio of -369.32 and a beta of 1.33. The stock has a fifty day moving average price of $65.13 and a two-hundred day moving average price of $58.31.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.07. The business had revenue of $264.59 million during the quarter, compared to analyst estimates of $227.90 million. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. The company’s revenue was up 47.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.04) earnings per share. On average, research analysts predict that Moelis & Company will post 1.09 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Monday, August 5th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.40 annualized dividend and a dividend yield of 3.42%. Moelis & Company’s dividend payout ratio (DPR) is -1,263.16%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MC. Morgan Stanley increased their price objective on shares of Moelis & Company from $51.00 to $61.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Wells Fargo & Company started coverage on Moelis & Company in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 price objective (up from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. UBS Group raised their target price on Moelis & Company from $47.00 to $50.00 and gave the company a “sell” rating in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. boosted their price target on Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $58.33.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.