Hsbc Holdings PLC Has $10.06 Million Stock Holdings in Moelis & Company (NYSE:MC)

Hsbc Holdings PLC trimmed its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 134,884 shares of the asset manager's stock after selling 15,699 shares during the period. Hsbc Holdings PLC owned 0.18% of Moelis & Company worth $10,061,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of MC. Virtu Financial LLC acquired a new stake in shares of Moelis & Company during the third quarter worth $633,000. SkyView Investment Advisors LLC increased its holdings in shares of Moelis & Company by 2.2% in the 3rd quarter. SkyView Investment Advisors LLC now owns 14,166 shares of the asset manager's stock worth $971,000 after acquiring an additional 300 shares during the period. Tidal Investments LLC acquired a new stake in shares of Moelis & Company in the 3rd quarter worth about $1,290,000. DGS Capital Management LLC acquired a new stake in shares of Moelis & Company in the 3rd quarter worth about $202,000. Finally, GAMMA Investing LLC increased its holdings in shares of Moelis & Company by 18.1% in the 4th quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock worth $87,000 after acquiring an additional 180 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Trading Down 0.2 %

MC traded down $0.08 on Thursday, reaching $53.50. The company had a trading volume of 891,880 shares, compared to its average volume of 744,614. The company has a fifty day moving average of $57.79 and a 200-day moving average of $68.71. The company has a market capitalization of $4.01 billion, a P/E ratio of 30.40 and a beta of 1.53. Moelis & Company has a one year low of $47.00 and a one year high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last announced its earnings results 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 firm had revenue of $306.59 million during the quarter, compared to analyst estimates of $309.67 million. During the same quarter in the prior year, the firm posted $0.22 EPS. Moelis & Company's revenue was up 41.0% compared to the same quarter last year. Research analysts predict that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 5th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.60 annualized dividend and a dividend yield of 4.86%. Moelis & Company's dividend payout ratio (DPR) is 119.27%.

Insider Activity

In other Moelis & Company news, Director Kenneth Shropshire sold 2,551 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $72.30, for a total transaction of $184,437.30. Following the completion of the sale, the director now directly owns 6,940 shares of the company's stock, valued at approximately $501,762. This represents a 26.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christopher Callesano sold 1,282 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $94,868.00. Following the sale, the insider now directly owns 1,227 shares of the company's stock, valued at $90,798. This represents a 51.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,721 shares of company stock worth $1,677,017. Corporate insiders own 6.40% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MC shares. Wells Fargo & Company dropped their price objective on shares of Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and issued a $92.00 price objective (up previously from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. StockNews.com cut shares of Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Finally, The Goldman Sachs Group decreased their target price on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $61.83.

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.