Moelis & Company $MC Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its position in shares of Moelis & Company (NYSE:MC) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,876,472 shares of the asset manager’s stock after purchasing an additional 89,365 shares during the period. Goldman Sachs Group Inc. owned 2.40% of Moelis & Company worth $128,989,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Natixis Advisors LLC increased its position in Moelis & Company by 11.0% during the fourth quarter. Natixis Advisors LLC now owns 1,019,832 shares of the asset manager’s stock worth $70,103,000 after purchasing an additional 100,956 shares during the last quarter. GW Henssler & Associates Ltd. increased its position in shares of Moelis & Company by 5.6% during the fourth quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager’s stock valued at $236,000 after acquiring an additional 181 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Moelis & Company during the fourth quarter valued at about $4,399,000. Norges Bank acquired a new stake in shares of Moelis & Company during the fourth quarter valued at about $42,919,000. Finally, Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Moelis & Company during the fourth quarter valued at about $2,037,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Stock Performance

NYSE MC opened at $68.67 on Tuesday. The firm has a 50 day simple moving average of $64.48 and a 200-day simple moving average of $65.69. Moelis & Company has a one year low of $51.06 and a one year high of $78.22. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 0.81 and a beta of 1.85.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The business had revenue of $319.78 million during the quarter, compared to analysts’ expectations of $321.51 million. During the same period in the previous year, the business posted $0.64 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts predict that Moelis & Company will post 3.17 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, May 11th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.60 annualized dividend and a dividend yield of 3.8%. Moelis & Company’s dividend payout ratio (DPR) is presently 93.53%.

Wall Street Analysts Forecast Growth

MC has been the subject of a number of recent analyst reports. The Goldman Sachs Group dropped their price target on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley dropped their price target on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Zacks Research cut shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings cut shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Moelis & Company from $80.00 to $64.00 and set a “market perform” rating for the company in a research report on Wednesday, April 8th. Two equities research 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. Based on data from MarketBeat.com, Moelis & Company currently has an average rating of “Hold” and an average price target of $71.89.

Moelis & Company 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. 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.