Royce & Associates LP Decreases Stock Position in Moelis & Company (NYSE:MC)

Royce & Associates LP decreased its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 37.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,488 shares of the asset manager's stock after selling 68,040 shares during the period. Royce & Associates LP owned 0.15% of Moelis & Company worth $7,707,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MC. Reston Wealth Management LLC acquired a new position in shares of Moelis & Company during the third quarter valued at about $26,000. UMB Bank n.a. grew its stake in shares of 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 acquiring an additional 193 shares during the period. 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 buying an additional 534 shares in the last quarter. Blue Trust Inc. lifted its holdings in Moelis & Company by 193.0% during the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager's stock worth $74,000 after purchasing an additional 712 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Moelis & Company in the third quarter worth about $75,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MC. UBS Group lifted their target price on shares of Moelis & Company from $54.00 to $60.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th. Morgan Stanley reduced their price objective on shares of Moelis & Company from $67.00 to $66.00 and set an "underweight" rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company started coverage on Moelis & Company in a research report on Thursday, September 12th. They set an "equal weight" rating and a $70.00 price objective for the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $60.00 target price (up from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their price target on shares of Moelis & Company from $50.00 to $51.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $60.83.

Moelis & Company Stock Down 1.4 %

NYSE MC traded down $1.04 during trading on Monday, hitting $73.65. 449,444 shares of the stock traded hands, compared to its average volume of 637,976. Moelis & Company has a 12-month low of $44.06 and a 12-month high of $81.60. The firm has a 50-day simple moving average of $69.49 and a 200-day simple moving average of $62.95. The company has a market capitalization of $5.52 billion, a P/E ratio of 141.32 and a beta of 1.33.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The company had revenue of $273.76 million for the quarter, compared to analysts' expectations of $273.58 million. During the same quarter in the previous year, the business posted ($0.15) earnings per share. Moelis & Company's quarterly revenue was up .6% on a year-over-year basis. As a group, research analysts predict that Moelis & Company will post 0.96 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Monday, November 4th. Moelis & Company's dividend payout ratio (DPR) is 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.