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

Barclays PLC decreased its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 46.4% during the 3rd quarter, according to the company in its most recent 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 0.19% of Moelis & Company worth $9,738,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in MC. MML Investors Services LLC grew its stake in Moelis & Company by 13.6% in the third quarter. MML Investors Services LLC now owns 7,679 shares of the asset manager's stock valued at $526,000 after acquiring an additional 921 shares during the period. Pier Capital LLC bought a new stake in Moelis & Company during the 3rd quarter valued at $8,152,000. Weiss Asset Management LP acquired a new position in Moelis & Company during the third quarter worth $1,094,000. Stifel Financial Corp lifted its stake in shares of Moelis & Company by 2.0% in the third quarter. Stifel Financial Corp now owns 241,772 shares of the asset manager's stock valued at $16,564,000 after buying an additional 4,762 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Moelis & Company during the third quarter valued at about $6,970,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Moelis & Company Price Performance

NYSE:MC traded down $1.57 on Tuesday, reaching $74.42. 665,155 shares of the company's stock were exchanged, compared to its average volume of 628,109. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of 140.42 and a beta of 1.37. The stock has a fifty day simple moving average of $72.65 and a 200-day simple moving average of $65.88. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $81.60.

Moelis & Company (NYSE:MC - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The business had revenue of $273.76 million for the quarter, compared to analysts' expectations of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The business's revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) EPS. As a group, sell-side analysts predict that Moelis & Company will post 0.96 EPS for the current year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, November 4th. Moelis & Company's dividend payout ratio is presently 452.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MC shares. UBS Group raised their target price on Moelis & Company from $54.00 to $60.00 and gave the company a "sell" rating in a report on Tuesday, October 8th. Morgan Stanley raised shares of Moelis & Company from an "underweight" rating to an "overweight" rating and lifted their price objective for the stock from $66.00 to $92.00 in a report on Monday, December 9th. Finally, Wells Fargo & Company upped their target price on shares of Moelis & Company from $70.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Moelis & Company has a consensus rating of "Hold" and an average price target of $66.50.

Moelis & Company 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.