Man Group plc Boosts Stock Position in Moelis & Company (NYSE:MC)

Man Group plc raised its stake in shares of Moelis & Company (NYSE:MC - Free Report) by 99.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 56,959 shares of the asset manager's stock after acquiring an additional 28,342 shares during the period. Man Group plc owned approximately 0.08% of Moelis & Company worth $4,208,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CIBC Private Wealth Group LLC lifted its stake in shares of Moelis & Company by 52.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock worth $30,000 after purchasing an additional 137 shares during the period. Headlands Technologies LLC bought a new position in shares of Moelis & Company in the 4th quarter worth approximately $31,000. R Squared Ltd bought a new position in shares of Moelis & Company in the 4th quarter worth approximately $47,000. Jones Financial Companies Lllp lifted its stake in shares of Moelis & Company by 148.3% in the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock worth $61,000 after purchasing an additional 491 shares during the period. Finally, AlphaQuest LLC bought a new position in shares of Moelis & Company in the 4th quarter worth approximately $61,000. Institutional investors own 91.53% of the company's stock.

Moelis & Company Trading Up 3.2%

Moelis & Company stock traded up $1.79 during midday trading on Tuesday, hitting $58.34. The stock had a trading volume of 516,404 shares, compared to its average volume of 771,641. Moelis & Company has a 52-week low of $47.00 and a 52-week high of $82.89. The firm's fifty day moving average is $55.38 and its two-hundred day moving average is $67.01. The company has a market capitalization of $4.58 billion, a PE ratio of 33.15 and a beta of 1.66.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The business had revenue of $306.59 million during the quarter, compared to analyst estimates of $309.67 million. During the same period last year, the firm posted $0.22 EPS. The company's revenue was up 41.0% on a year-over-year basis. As a group, equities research analysts predict that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 5th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's dividend payout ratio (DPR) is currently 119.27%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MC. Morgan Stanley lowered their price objective on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group increased their target price on shares of Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 target price (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their target price on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company reduced their target price on shares of Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $59.83.

Moelis & Company 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.