Moelis & Company (NYSE:MC) Shares Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its stake in shares of Moelis & Company (NYSE:MC - Free Report) by 98.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,976 shares of the asset manager's stock after buying an additional 29,220 shares during the period. Diversify Wealth Management LLC owned approximately 0.08% of Moelis & Company worth $4,213,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Reston Wealth Management LLC acquired a new position in Moelis & Company in the 3rd quarter worth about $26,000. GAMMA Investing LLC grew its stake in Moelis & Company by 115.8% in the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager's stock valued at $68,000 after acquiring an additional 534 shares during the period. Blue Trust Inc. increased its holdings in Moelis & Company by 193.0% in the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager's stock worth $74,000 after acquiring an additional 712 shares in the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new position in Moelis & Company during the third quarter worth $75,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Moelis & Company by 75.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,465 shares of the asset manager's stock valued at $83,000 after purchasing an additional 629 shares in the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MC shares. Wells Fargo & Company cut their target price on shares of Moelis & Company from $78.00 to $77.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods upgraded Moelis & Company from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $71.00 to $86.00 in a report on Friday, December 20th. Morgan Stanley raised Moelis & Company from an "underweight" rating to an "overweight" rating and increased their target price for the company from $66.00 to $92.00 in a report on Monday, December 9th. Finally, UBS Group lifted 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, Moelis & Company has an average rating of "Hold" and an average price target of $70.67.

Moelis & Company Stock Up 0.9 %

Shares of Moelis & Company stock traded up $0.68 on Monday, hitting $77.25. 523,424 shares of the company were exchanged, compared to its average volume of 539,190. The company has a 50-day moving average price of $74.78 and a 200 day moving average price of $69.37. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 145.76 and a beta of 1.39. Moelis & Company has a 1-year low of $46.24 and a 1-year high of $81.60.

Moelis & Company (NYSE:MC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The business had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. During the same quarter in the previous year, the firm earned ($0.15) EPS. The company's quarterly revenue was up .6% compared to the same quarter last year. Research analysts forecast that Moelis & Company will post 1.02 EPS for the current year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.11%. Moelis & Company's dividend payout ratio is currently 452.83%.

Moelis & Company Profile

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.