Geode Capital Management LLC Has $108.97 Million Stake in Moelis & Company (NYSE:MC)

Geode Capital Management LLC raised its position in Moelis & Company (NYSE:MC - Free Report) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590,316 shares of the asset manager's stock after buying an additional 10,698 shares during the quarter. Geode Capital Management LLC owned 2.12% of Moelis & Company worth $108,973,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MC. Sei Investments Co. raised its position in shares of Moelis & Company by 18.2% in the second quarter. Sei Investments Co. now owns 305,871 shares of the asset manager's stock valued at $17,392,000 after buying an additional 47,176 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Moelis & Company during the 3rd quarter worth $3,433,000. XTX Topco Ltd increased its stake in Moelis & Company by 274.4% during 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 during the period. Natixis Advisors LLC raised its holdings in Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager's stock valued at $55,141,000 after acquiring an additional 96,720 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in Moelis & Company by 129.8% in the 3rd quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager's stock valued at $949,000 after acquiring an additional 7,819 shares in the last quarter. Institutional investors own 91.53% of the company's stock.

Moelis & Company Trading Up 1.0 %

NYSE:MC traded up $0.73 on Thursday, hitting $71.72. The company had a trading volume of 533,614 shares, compared to its average volume of 628,951. The firm has a 50 day moving average of $72.87 and a two-hundred day moving average of $66.04. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 135.32 and a beta of 1.37. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $81.60.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly 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. The company had revenue of $273.76 million during the quarter, compared to analysts' expectations of $273.58 million. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. Moelis & Company's revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.15) EPS. As a group, equities analysts forecast that Moelis & Company will post 0.96 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend was Monday, November 4th. Moelis & Company's payout ratio is 452.83%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MC. Wells Fargo & Company upped their price target on shares of Moelis & Company from $70.00 to $78.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. UBS Group upped their target price on Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley upgraded Moelis & Company from an "underweight" rating to an "overweight" rating and lifted their price target for the company from $66.00 to $92.00 in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $66.50.

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.