Legal & General Group Plc Has $13.73 Million Stock Holdings in Moelis & Company $MC

Legal & General Group Plc trimmed its position in shares of Moelis & Company (NYSE:MC) by 6.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 199,662 shares of the asset manager’s stock after selling 13,340 shares during the quarter. Legal & General Group Plc’s holdings in Moelis & Company were worth $13,725,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MC. Hantz Financial Services Inc. raised its stake in shares of Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after purchasing an additional 163 shares in the last quarter. Wesbanco Bank Inc. grew its stake in shares of Moelis & Company by 2.1% in the 4th quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager’s stock valued at $611,000 after buying an additional 180 shares in the last quarter. Bessemer Group Inc. increased its holdings in Moelis & Company by 89.8% in the third quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock worth $28,000 after buying an additional 184 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Moelis & Company by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,955 shares of the asset manager’s stock worth $1,165,000 after buying an additional 200 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Moelis & Company by 0.3% in the second quarter. California State Teachers Retirement System now owns 69,155 shares of the asset manager’s stock worth $4,310,000 after buying an additional 209 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Wall Street Analyst Weigh In

MC has been the topic of several analyst reports. UBS Group dropped their price target on shares of Moelis & Company from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Weiss Ratings cut shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Wall Street Zen lowered Moelis & Company from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. boosted their price target on Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group decreased their price target on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $71.89.

Moelis & Company Trading Up 0.2%

NYSE MC opened at $69.34 on Wednesday. The company has a fifty day simple moving average of $63.10 and a 200 day simple moving average of $65.48. The company has a market cap of $5.45 billion, a P/E ratio of 24.94, a P/E/G ratio of 0.83 and a beta of 1.85. Moelis & Company has a 1 year low of $51.06 and a 1 year high of $78.22.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). The firm had revenue of $319.78 million during the quarter, compared to the consensus estimate of $321.51 million. Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.64 EPS. Equities research analysts forecast that Moelis & Company will post 3.17 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, May 11th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, May 11th. Moelis & Company’s dividend payout ratio (DPR) is currently 93.53%.

About Moelis & Company

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.