Moelis & Company $MC Stock Holdings Increased by Royce & Associates LP

Royce & Associates LP raised its holdings in shares of Moelis & Company (NYSE:MC) by 46.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,661 shares of the asset manager’s stock after acquiring an additional 51,650 shares during the period. Royce & Associates LP owned approximately 0.21% of Moelis & Company worth $11,250,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its position in shares of Moelis & Company by 1,161.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 661,594 shares of the asset manager’s stock valued at $41,231,000 after purchasing an additional 609,162 shares during the period. Wasatch Advisors LP increased its position in shares of Moelis & Company by 16.1% during the 3rd quarter. Wasatch Advisors LP now owns 3,304,180 shares of the asset manager’s stock valued at $235,654,000 after purchasing an additional 458,575 shares during the period. UBS Group AG increased its position in shares of Moelis & Company by 50.0% during the 3rd quarter. UBS Group AG now owns 681,668 shares of the asset manager’s stock valued at $48,617,000 after purchasing an additional 227,232 shares during the period. HighTower Advisors LLC increased its position in shares of Moelis & Company by 18.5% during the 3rd quarter. HighTower Advisors LLC now owns 1,256,324 shares of the asset manager’s stock valued at $89,601,000 after purchasing an additional 196,030 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in shares of Moelis & Company by 714.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 182,147 shares of the asset manager’s stock valued at $12,521,000 after purchasing an additional 159,779 shares during the period. Institutional investors own 91.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MC. UBS Group lowered their price target on Moelis & Company from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Moelis & Company in a research report on Tuesday, May 12th. Zacks Research cut Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group lowered their price target on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Finally, Keefe, Bruyette & Woods lowered their price target on Moelis & Company from $80.00 to $64.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Moelis & Company currently has an average rating of “Hold” and an average price target of $71.89.

Moelis & Company Stock Down 0.4%

Shares of NYSE MC opened at $65.90 on Thursday. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 0.79 and a beta of 1.87. The stock’s fifty day simple moving average is $62.24 and its 200 day simple moving average is $65.40. Moelis & Company has a 52-week low of $51.06 and a 52-week high of $78.22.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The company had revenue of $319.78 million during the quarter, compared to analyst estimates of $321.51 million. Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.64 earnings per share. As a group, analysts anticipate that Moelis & Company will post 3.17 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, May 11th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, May 11th. Moelis & Company’s payout ratio is presently 93.53%.

About Moelis & Company

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.