Moelis & Company (NYSE:MC) Stock Holdings Lifted by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its position in Moelis & Company (NYSE:MC) by 5.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,196 shares of the asset manager’s stock after acquiring an additional 3,009 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Moelis & Company were worth $3,042,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MC. Vanguard Group Inc. lifted its position in shares of Moelis & Company by 0.4% in the third quarter. Vanguard Group Inc. now owns 7,787,483 shares of the asset manager’s stock worth $351,449,000 after purchasing an additional 28,446 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Moelis & Company by 0.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,279,209 shares of the asset manager’s stock valued at $328,511,000 after purchasing an additional 49,291 shares during the last quarter. HighTower Advisors LLC grew its stake in Moelis & Company by 3.2% in the third quarter. HighTower Advisors LLC now owns 1,111,200 shares of the asset manager’s stock valued at $50,144,000 after purchasing an additional 34,740 shares in the last quarter. Northern Trust Corp raised its stake in shares of Moelis & Company by 32.7% during the 3rd quarter. Northern Trust Corp now owns 927,705 shares of the asset manager’s stock worth $41,867,000 after purchasing an additional 228,840 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Moelis & Company by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,729 shares of the asset manager’s stock valued at $35,776,000 after buying an additional 42,424 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Insider Buying and Selling

In related news, CFO Joseph Simon sold 8,149 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total value of $428,637.40. Following the sale, the chief financial officer now owns 8,573 shares of the company’s stock, valued at $450,939.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Kenneth Moelis sold 128,277 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total value of $6,747,370.20. Following the sale, the chief executive officer now owns 161,810 shares of the company’s stock, valued at approximately $8,511,206. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Joseph Simon sold 8,149 shares of Moelis & Company stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $428,637.40. Following the transaction, the chief financial officer now directly owns 8,573 shares of the company’s stock, valued at $450,939.80. The disclosure for this sale can be found here. Insiders sold a total of 375,185 shares of company stock valued at $20,130,225 over the last ninety days. 6.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MC has been the topic of several recent research reports. UBS Group raised their price objective on shares of Moelis & Company from $45.00 to $47.00 and gave the company a “sell” rating in a research report on Thursday, April 25th. The Goldman Sachs Group raised Moelis & Company from a “sell” rating to a “neutral” rating and increased their price objective for the company from $53.00 to $58.00 in a report on Wednesday, March 13th. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price target on shares of Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, StockNews.com upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, Moelis & Company presently has an average rating of “Hold” and a consensus price target of $50.80.

Moelis & Company Trading Up 0.6 %

NYSE:MC traded up $0.32 during trading hours on Friday, hitting $51.58. 466,804 shares of the company traded hands, compared to its average volume of 673,583. Moelis & Company has a twelve month low of $33.87 and a twelve month high of $58.67. The firm has a 50-day moving average of $53.62 and a 200 day moving average of $51.76. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of -271.47 and a beta of 1.39.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Moelis & Company had a negative return on equity of 0.12% and a negative net margin of 1.33%. The business had revenue of $217.49 million for the quarter, compared to the consensus estimate of $219.30 million. During the same period last year, the business earned $0.05 earnings per share. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. Equities research analysts predict that Moelis & Company will post 1.3 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, May 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.65%. Moelis & Company’s payout ratio is -1,263.16%.

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.