Invesco Ltd. Boosts Stock Holdings in Moelis & Company (NYSE:MC)

Invesco Ltd. raised its holdings in Moelis & Company (NYSE:MC - Free Report) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 345,245 shares of the asset manager's stock after acquiring an additional 63,726 shares during the period. Invesco Ltd. owned about 0.46% of Moelis & Company worth $25,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of MC. Vanguard Group Inc. increased its holdings in shares of Moelis & Company by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,147,315 shares of the asset manager's stock worth $601,924,000 after purchasing an additional 99,766 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of Moelis & Company in the fourth quarter worth $86,062,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Moelis & Company by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager's stock worth $69,119,000 after acquiring an additional 12,632 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Moelis & Company by 7.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 768,945 shares of the asset manager's stock worth $56,810,000 after acquiring an additional 53,473 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Moelis & Company during the 4th quarter valued at about $52,610,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Wall Street Analyst Weigh In

MC has been the subject of several recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a research report on Friday, March 14th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price objective (up previously from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Wells Fargo & Company reduced their price target on shares of Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating for the company in a research report on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Moelis & Company presently has an average rating of "Hold" and an average price target of $61.83.

Moelis & Company Stock Up 0.4 %

NYSE:MC traded up $0.23 during midday trading on Thursday, hitting $52.38. The company had a trading volume of 646,579 shares, compared to its average volume of 738,608. The company has a market capitalization of $3.93 billion, a PE ratio of 29.72 and a beta of 1.53. The stock's fifty day moving average price is $60.01 and its 200-day moving average price is $69.20. Moelis & Company has a 52-week low of $46.24 and a 52-week high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.03). The business had revenue of $306.59 million during the quarter, compared to the consensus estimate of $309.67 million. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. As a group, research analysts forecast that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 18th were paid a dividend of $0.65 per share. This is an increase from Moelis & Company's previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.96%. Moelis & Company's dividend payout ratio (DPR) is currently 147.73%.

Insider Transactions at Moelis & Company

In other news, Director Kenneth Shropshire sold 2,551 shares of Moelis & Company stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $72.30, for a total value of $184,437.30. Following the completion of the sale, the director now directly owns 6,940 shares in the company, valued at $501,762. The trade was a 26.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Christopher Callesano sold 1,282 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $94,868.00. Following the transaction, the insider now owns 1,227 shares in the company, valued at approximately $90,798. This trade represents a 51.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,721 shares of company stock valued at $1,677,017 in the last ninety days. 6.40% of the stock is currently owned by corporate insiders.

Moelis & Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.