34.21 0.00 (0.00%)
After hours: 4:46PM EDT
|Bid||34.20 x 1300|
|Ask||35.15 x 800|
|Day's Range||34.12 - 34.75|
|52 Week Range||31.40 - 57.70|
|Beta (3Y Monthly)||2.20|
|PE Ratio (TTM)||14.69|
|Earnings Date||Oct 21, 2019 - Oct 25, 2019|
|Forward Dividend & Yield||2.00 (5.78%)|
|1y Target Est||42.13|
Investment bank Moelis & Co has hired Barclays' banker and army veteran Will Peters to advise its tech, media and telecoms (TMT) clients as a managing director based in London, a source familiar with the matter told Reuters. Peters spent 15 years at Barclays where rose to become one of their most senior TMT bankers. Peters specialises in fiber and communications infrastructure as well as payments and fintech and has worked on a number of deals involving both equity and debt financing.
(Bloomberg) -- Moelis & Co. dealmaker Caroline Silver, one of the most prolific bankers in stock exchange M&A, is taking a fresh crack at London Stock Exchange Group Plc with an eye to minting the world’s second-biggest market powerhouse.Three years after Silver’s client Intercontinental Exchange Inc. walked away from a potential LSE takeover, she’s now advising Hong Kong Exchanges & Clearing Ltd. on its shock attempt to buy the storied U.K. bourse operator. The potential $36.6 billion transaction could end up being one of the biggest deals of the London banker’s three-decade career.Rivals respect Silver’s ability to work on big, complex deals with a U.K. angle at a time when Brexit is putting a cloud over the country’s financial services sector. She’s long been at the center of the biggest exchange transactions, advising Euronext NV on its 2001 initial public offering and on its sale six years later to the owner of the New York Stock Exchange.The banker also helped Sweden’s OMX AB during its 2007 purchase by Nasdaq Stock Market Inc. and worked on Borsa Italiana SpA’s takeover by LSE. Her ties to Hong Kong date back at least to 2012, when she advised the London Metal Exchange Ltd. on its $2.2 billion sale to HKEX at a heady valuation.Risky BetHer latest move is a risky bet that HKEX will succeed in its near-hostile attempt to buy LSE. It would be by far the Asian bourse operator’s largest-ever acquisition and help it diversify away from its dependence on Chinese listings and an increasingly fraught political climate at home.If the gambit succeeds, it would knock down another blockbuster deal -- LSE’s proposed $27 billion acquisition of Refinitiv that would make the exchange a big player in financial data.The LSE deal is a very high-profile win for Moelis and shows their improved presence overseas, said Devin Ryan, an analyst at JMP Securities.“They are probably a bit better known for strength in middle market and in the financial sponsor community -- this is at the higher end of the spectrum,” Ryan said. “It’s clearly a sign of strength they have in the exchange sector. They have a great banker in that space.”Fees LeapThe LSE deal would be a big boost to Moelis’s league table rankings in a year where it’s trailing many of its rivals in the boutique space. Silver and her team would reap $60 million to $70 million in fees if the purchase goes ahead, according to consulting firm Freeman & Co.Before the transaction was announced, Moelis ranked 20th among M&A advisers globally this year, data compiled by Bloomberg show. That’s behind Evercore Partners Inc., which ranked fifth, and PJT Partners Inc., which came in at No. 9. Centerview Partners LLC is 11th while Lazard ranks 12th.\--With assistance from Dinesh Nair and Aaron Kirchfeld.To contact the reporters on this story: Jan-Henrik Förster in London at firstname.lastname@example.org;Sonali Basak in New York at email@example.comTo contact the editors responsible for this story: Dinesh Nair at firstname.lastname@example.org, Ben Scent, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Saudi Aramco has picked Lazard Ltd and Moelis and Co to advise on the oil giant's second attempt at the world's largest IPO, people with knowledge of the matter said.
Moelis & Company (NYSE:MC) is about to trade ex-dividend in the next 3 days. Investors can purchase shares before the...
Moelis (MC) delivered earnings and revenue surprises of 64.71% and 4.57%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Moelis (MC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LVMH Moet Hennessy Louis Vuitton SE announced a new partnership with fashion house Stella McCartney, though details of the arrangement won't be revealed until September. McCartney will continue to serve as creative director of her brand, and she will still hold a majority ownership. McCartney bought back full ownership of her brand from luxury company Kering in March 2018. The arrangement will include a role for McCartney as a special advisor to LVMH Chief Executive Bernard Arnault on sustainability issues. LVMH shares are up nearly 45% for the year to date while the S&P 500 index has gained 20.2% for the period.
Bitcoin kicked off the week handily above $10,000 on Monday amid what appears to be a sustained recovery for the cryptocurrency. Bitcoin has quietly been staging a recovery this year amid expectations that the non-fiat, peer-to-peer digital currency will continue to be a payment of choice globally, and is not in imminent danger of being replaced by something else. "Bitcoin is having an excellent year as it continually reaches new 12-month highs, reviving investors' interest in the currency," TheStreet's Jordan French wrote last week.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Moelis & Co NYSE:MCView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for MC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MC. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MC had net inflows of $1.32 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Moelis & Company , a leading global independent investment bank, today announced that Navid Mahmoodzadegan, Co-President, is scheduled to present at the Morgan Stanley Financials Conference on Tuesday, June 11, 2019 at 2:30 p.m.