Barclays PLC Lowers Holdings in Moelis & Company (NYSE:MC)

Barclays PLC reduced its position in shares of Moelis & Company (NYSE:MC) by 46.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,138 shares of the asset manager’s stock after selling 122,978 shares during the period. Barclays PLC owned approximately 0.19% of Moelis & Company worth $9,738,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Moelis & Company by 0.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,190,221 shares of the asset manager’s stock valued at $408,836,000 after acquiring an additional 47,365 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Moelis & Company by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock valued at $63,229,000 after purchasing an additional 16,830 shares in the last quarter. Natixis Advisors LLC lifted its position in Moelis & Company by 13.7% during the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after purchasing an additional 96,720 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Moelis & Company by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 755,541 shares of the asset manager’s stock worth $42,960,000 after buying an additional 29,532 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Moelis & Company in the 3rd quarter worth $49,017,000. Institutional investors own 91.53% of the company’s stock.

Analysts Set New Price Targets

MC has been the subject of several research reports. Morgan Stanley upgraded shares of Moelis & Company from an “underweight” rating to an “overweight” rating and upped their target price for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. UBS Group upped their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price objective on Moelis & Company from $70.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $66.50.

Moelis & Company Trading Up 2.8 %

Shares of NYSE:MC opened at $75.99 on Tuesday. The stock has a market capitalization of $5.69 billion, a P/E ratio of 143.38 and a beta of 1.37. The stock’s 50-day moving average price is $72.47 and its 200-day moving average price is $65.74. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $81.60.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The business had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. During the same period last year, the company earned ($0.15) EPS. Moelis & Company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts predict that Moelis & Company will post 0.96 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, November 4th. Moelis & Company’s payout ratio is 452.83%.

Moelis & Company Profile

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.