B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Moelis & Company (NYSE:MC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 50,107 shares of the asset manager's stock, valued at approximately $3,433,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.07% of Moelis & Company as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in MC. UniSuper Management Pty Ltd bought a new stake in Moelis & Company during the first quarter valued at about $801,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Moelis & Company by 51.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 135,399 shares of the asset manager's stock valued at $7,699,000 after buying an additional 46,226 shares in the last quarter. Sei Investments Co. grew its stake in shares of Moelis & Company by 18.2% during the 2nd quarter. Sei Investments Co. now owns 305,871 shares of the asset manager's stock valued at $17,392,000 after acquiring an additional 47,176 shares during the period. XTX Topco Ltd increased its holdings in Moelis & Company by 274.4% in the 2nd quarter. XTX Topco Ltd now owns 16,524 shares of the asset manager's stock worth $940,000 after acquiring an additional 12,110 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in Moelis & Company by 13.7% during the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager's stock worth $55,141,000 after acquiring an additional 96,720 shares during the period. Institutional investors own 91.53% of the company's stock.
Moelis & Company Trading Up 1.7 %
Shares of NYSE:MC traded up $1.26 during mid-day trading on Thursday, reaching $74.64. The stock had a trading volume of 521,522 shares, compared to its average volume of 635,257. The business's 50 day moving average price is $70.10 and its 200 day moving average price is $63.33. Moelis & Company has a 1 year low of $44.32 and a 1 year high of $81.60. The company has a market cap of $5.59 billion, a P/E ratio of 141.11 and a beta of 1.33.
Moelis & Company (NYSE:MC - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The firm had revenue of $273.76 million during the quarter, compared to the consensus estimate of $273.58 million. During the same period in the prior year, the company earned ($0.15) EPS. The company's quarterly revenue was up .6% compared to the same quarter last year. Analysts predict that Moelis & Company will post 0.96 earnings per share for the current fiscal year.
Moelis & Company Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be 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 is Monday, November 4th. Moelis & Company's dividend payout ratio is 452.83%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Moelis & Company from $50.00 to $51.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. UBS Group increased their price target on Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a research note on Tuesday, October 8th. Morgan Stanley lowered their price objective on Moelis & Company from $67.00 to $66.00 and set an "underweight" rating on the stock in a research report on Thursday, October 24th. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 target price (up previously from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. Finally, Wells Fargo & Company began coverage on Moelis & Company in a report on Thursday, September 12th. They issued an "equal weight" rating and a $70.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $60.83.
View Our Latest Stock Analysis on MC
About Moelis & Company
(
Free Report)
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.
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