XTX Topco Ltd Sells 9,902 Shares of Moelis & Company (NYSE:MC)

XTX Topco Ltd decreased its position in Moelis & Company (NYSE:MC - Free Report) by 72.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,834 shares of the asset manager's stock after selling 9,902 shares during the quarter. XTX Topco Ltd's holdings in Moelis & Company were worth $283,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Moelis & Company in the third quarter valued at $633,000. SkyView Investment Advisors LLC increased its position in shares of Moelis & Company by 2.2% during the third quarter. SkyView Investment Advisors LLC now owns 14,166 shares of the asset manager's stock valued at $971,000 after buying an additional 300 shares during the period. Tidal Investments LLC bought a new position in Moelis & Company in the third quarter worth about $1,290,000. DGS Capital Management LLC purchased a new stake in Moelis & Company in the third quarter worth about $202,000. Finally, GAMMA Investing LLC lifted its holdings in Moelis & Company by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock worth $87,000 after buying an additional 180 shares during the period. 91.53% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Christopher Callesano sold 1,282 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $94,868.00. Following the transaction, the insider now directly owns 1,227 shares in the company, valued at $90,798. This trade represents a 51.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Osamu R. Watanabe sold 5,661 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $418,914.00. Following the completion of the transaction, the general counsel now directly owns 6,471 shares in the company, valued at $478,854. The trade was a 46.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,721 shares of company stock valued at $1,677,017 in the last 90 days. 6.40% of the stock is currently owned by insiders.

Moelis & Company Stock Up 1.4 %

Shares of NYSE MC traded up $0.77 during midday trading on Thursday, hitting $54.35. The stock had a trading volume of 184,796 shares, compared to its average volume of 741,880. The business's 50 day moving average is $57.79 and its 200-day moving average is $68.71. Moelis & Company has a 52 week low of $47.00 and a 52 week high of $82.89. The company has a market cap of $4.07 billion, a P/E ratio of 30.96 and a beta of 1.53.

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

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.78%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's dividend payout ratio is currently 119.27%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. The Goldman Sachs Group decreased their target price on Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. StockNews.com lowered Moelis & Company from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Finally, Morgan Stanley cut their price objective on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Moelis & Company has a consensus rating of "Hold" and an average target price of $61.83.

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.