Man Group plc Raises Stock Position in Moelis & Co (NYSE:MC)

Man Group plc boosted its stake in shares of Moelis & Co (NYSE:MC) by 570.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 243,138 shares of the asset manager’s stock after acquiring an additional 206,852 shares during the period. Man Group plc owned about 0.41% of Moelis & Co worth $7,987,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Public Employees Retirement System of Ohio increased its position in shares of Moelis & Co by 0.6% during the third quarter. Public Employees Retirement System of Ohio now owns 63,241 shares of the asset manager’s stock worth $2,077,000 after purchasing an additional 358 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in Moelis & Co by 2.2% in the 3rd quarter. Naples Global Advisors LLC now owns 18,553 shares of the asset manager’s stock valued at $609,000 after purchasing an additional 407 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Moelis & Co by 6.3% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 9,610 shares of the asset manager’s stock valued at $315,000 after purchasing an additional 572 shares in the last quarter. California State Teachers Retirement System boosted its stake in Moelis & Co by 1.0% during the 3rd quarter. California State Teachers Retirement System now owns 73,852 shares of the asset manager’s stock worth $2,426,000 after purchasing an additional 735 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC acquired a new stake in Moelis & Co during the 3rd quarter worth $41,000. Institutional investors own 73.94% of the company’s stock.

In other news, General Counsel Osamu R. Watanabe sold 15,776 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $35.33, for a total value of $557,366.08. Following the transaction, the general counsel now directly owns 32,876 shares in the company, valued at approximately $1,161,509.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher Callesano sold 4,797 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $36.10, for a total transaction of $173,171.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 107,866 shares of company stock worth $3,728,179. Insiders own 19.67% of the company’s stock.

NYSE:MC opened at $33.38 on Friday. Moelis & Co has a one year low of $29.56 and a one year high of $48.69. The stock has a market cap of $1.98 billion, a PE ratio of 11.13 and a beta of 1.98. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a 50 day moving average price of $33.38 and a 200 day moving average price of $33.47.

Moelis & Co (NYSE:MC) last released its quarterly earnings data on Wednesday, October 30th. The asset manager reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.19. The company had revenue of $231.70 million for the quarter, compared to analyst estimates of $198.15 million. Moelis & Co had a return on equity of 47.82% and a net margin of 16.14%. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. As a group, analysts predict that Moelis & Co will post 2.36 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Thursday, November 7th. Moelis & Co’s dividend payout ratio (DPR) is presently 66.67%.

A number of research firms have recently issued reports on MC. Morgan Stanley dropped their target price on shares of Moelis & Co from $41.00 to $39.00 and set an “equal weight” rating for the company in a report on Tuesday, October 8th. Zacks Investment Research raised shares of Moelis & Co from a “sell” rating to a “hold” rating and set a $39.00 price target on the stock in a research note on Friday, November 1st. Buckingham Research lowered their price target on shares of Moelis & Co from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, ValuEngine raised shares of Moelis & Co from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $41.83.

Moelis & Co Profile

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

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Institutional Ownership by Quarter for Moelis & Co (NYSE:MC)

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