Diversify Advisory Services LLC Reduces Stock Position in Moelis & Company (NYSE:MC)

Diversify Advisory Services LLC reduced its position in shares of Moelis & Company (NYSE:MC - Free Report) by 59.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,278 shares of the asset manager's stock after selling 22,077 shares during the period. Diversify Advisory Services LLC's holdings in Moelis & Company were worth $1,091,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings 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 worth $17,392,000 after purchasing an additional 47,176 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Moelis & Company during the 3rd quarter worth approximately $3,433,000. Natixis Advisors LLC boosted its holdings in shares of 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 purchasing an additional 96,720 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Moelis & Company by 129.8% during the 3rd quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager's stock worth $949,000 after purchasing an additional 7,819 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Moelis & Company by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager's stock worth $63,229,000 after purchasing an additional 16,830 shares during the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Stock Up 2.4 %

NYSE:MC traded up $1.85 during trading hours on Tuesday, reaching $79.19. 485,391 shares of the stock were exchanged, compared to its average volume of 763,483. The business has a 50-day moving average of $74.78 and a two-hundred day moving average of $69.37. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $81.60. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 149.41 and a beta of 1.39.

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 analysts' expectations of $273.58 million. During the same period in the prior year, the firm earned ($0.15) earnings per share. The firm's revenue was up .6% compared to the same quarter last year. On average, research analysts forecast that Moelis & Company will post 1.03 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Monday, November 4th. Moelis & Company's dividend payout ratio is currently 452.83%.

Analyst Ratings Changes

Several brokerages have recently weighed in on MC. UBS Group boosted their target price on Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a report on Tuesday, October 8th. Wells Fargo & Company decreased their price objective on Moelis & Company from $78.00 to $77.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Morgan Stanley upgraded Moelis & Company from an "underweight" rating to an "overweight" rating and upped their price objective for the company from $66.00 to $92.00 in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods upgraded Moelis & Company from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $71.00 to $86.00 in a report on Friday, December 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $70.67.

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.