XTX Topco Ltd Raises Position in Moelis & Company (NYSE:MC)

XTX Topco Ltd lifted its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 241.1% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,078 shares of the asset manager's stock after buying an additional 9,244 shares during the period. XTX Topco Ltd's holdings in Moelis & Company were worth $763,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MC. GSA Capital Partners LLP acquired a new position in shares of Moelis & Company in the 1st quarter worth approximately $658,000. Federated Hermes Inc. bought a new position in shares of Moelis & Company in the 1st quarter worth about $1,892,000. Picton Mahoney Asset Management acquired a new position in shares of Moelis & Company in the 1st quarter valued at about $412,000. Mackenzie Financial Corp boosted its position in shares of Moelis & Company by 39.1% during the 1st quarter. Mackenzie Financial Corp now owns 27,761 shares of the asset manager's stock valued at $1,620,000 after purchasing an additional 7,801 shares in the last quarter. Finally, First National Advisers LLC bought a new stake in Moelis & Company in the first quarter worth approximately $457,000. 91.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MC shares. The Goldman Sachs Group upped their price objective on shares of Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. JMP Securities restated a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. Morgan Stanley raised Moelis & Company from an "underweight" rating to an "overweight" rating and upped their target price for the stock from $42.00 to $68.00 in a research report on Monday, June 23rd. Wells Fargo & Company boosted their price target on shares of Moelis & Company from $50.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Moelis & Company from $69.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $66.00.

Moelis & Company Price Performance

MC stock traded down $0.07 during mid-day trading on Wednesday, reaching $70.18. 462,323 shares of the company traded hands, compared to its average volume of 952,854. Moelis & Company has a 52-week low of $47.00 and a 52-week high of $82.89. The company has a market capitalization of $5.51 billion, a P/E ratio of 27.63 and a beta of 1.70. The company has a fifty day moving average price of $64.02 and a 200-day moving average price of $63.27.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The asset manager reported $0.53 EPS for the quarter, topping the consensus estimate of $0.32 by $0.21. The company had revenue of $365.38 million during the quarter, compared to analyst estimates of $269.57 million. Moelis & Company had a return on equity of 42.72% and a net margin of 14.31%. Moelis & Company's revenue was up 38.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, analysts forecast that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Monday, August 4th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 4th. Moelis & Company's dividend payout ratio (DPR) is presently 102.36%.

Insider Buying and Selling

In other Moelis & Company news, General Counsel Osamu R. Watanabe sold 6,340 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $72.64, for a total transaction of $460,537.60. Following the completion of the sale, the general counsel owned 131 shares of the company's stock, valued at $9,515.84. This represents a 97.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.40% of the stock is currently owned by insiders.

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.