Charles Schwab Investment Management Inc. Has $63.23 Million Stock Position in Moelis & Company (NYSE:MC)

Charles Schwab Investment Management Inc. raised its stake in Moelis & Company (NYSE:MC - Free Report) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 922,920 shares of the asset manager's stock after acquiring an additional 16,830 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.23% of Moelis & Company worth $63,229,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Reston Wealth Management LLC acquired a new position in shares of Moelis & Company during the third quarter valued at $26,000. UMB Bank n.a. raised its holdings in Moelis & Company by 63.5% during the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager's stock worth $28,000 after purchasing an additional 193 shares during the last quarter. GAMMA Investing LLC lifted its position in Moelis & Company by 115.8% during the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager's stock valued at $68,000 after purchasing an additional 534 shares during the period. Blue Trust Inc. boosted its stake in shares of Moelis & Company by 193.0% in the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager's stock valued at $74,000 after purchasing an additional 712 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Moelis & Company during the 3rd quarter worth approximately $75,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MC shares. Wells Fargo & Company assumed coverage on shares of Moelis & Company in a report on Thursday, September 12th. They issued an "equal weight" rating and a $70.00 price objective on the stock. Morgan Stanley decreased their price objective on Moelis & Company from $67.00 to $66.00 and set an "underweight" rating for the company in a research note on Thursday, October 24th. Finally, UBS Group increased their target price on Moelis & Company from $54.00 to $60.00 and gave the company a "sell" rating in a research note on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $60.83.

Moelis & Company Stock Up 1.5 %

Shares of MC traded up $1.13 during trading hours on Friday, reaching $76.98. The stock had a trading volume of 326,264 shares, compared to its average volume of 631,628. The company has a market cap of $5.77 billion, a P/E ratio of 145.28 and a beta of 1.33. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $81.60. The firm has a 50-day moving average of $71.18 and a 200 day moving average of $64.36.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, topping 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 company had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. During the same quarter last year, the firm posted ($0.15) earnings per share. Moelis & Company's revenue was up .6% compared to the same quarter last year. As a group, equities analysts expect that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, November 4th. Moelis & Company's dividend payout ratio (DPR) is presently 452.83%.

About Moelis & Company

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.