Deutsche Bank AG Has $18.87 Million Holdings in Moelis & Company (NYSE:MC)

Deutsche Bank AG increased its holdings in Moelis & Company (NYSE:MC - Free Report) by 38.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 255,444 shares of the asset manager's stock after purchasing an additional 70,300 shares during the period. Deutsche Bank AG owned approximately 0.34% of Moelis & Company worth $18,872,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in Moelis & Company by 7.5% during 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 during the last quarter. Heritage Family Offices LLP grew its stake in shares of Moelis & Company by 5.0% during the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager's stock valued at $330,000 after purchasing an additional 213 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Moelis & Company by 2.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 27,881 shares of the asset manager's stock valued at $2,060,000 after purchasing an additional 626 shares during the last quarter. Diversify Wealth Management LLC grew its stake in shares of Moelis & Company by 98.2% during the fourth quarter. Diversify Wealth Management LLC now owns 58,976 shares of the asset manager's stock valued at $4,213,000 after purchasing an additional 29,220 shares during the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of Moelis & Company during the fourth quarter valued at approximately $256,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Wall Street Analyst Weigh In

MC has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target 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, April 24th. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a research note on Thursday, April 24th. Morgan Stanley decreased their price target on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a research note on Monday, April 7th. Finally, StockNews.com cut shares of Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Moelis & Company has a consensus rating of "Hold" and an average price target of $59.83.

Moelis & Company Price Performance

MC remained flat at $61.47 during trading on Monday. 382,794 shares of the company's stock were exchanged, compared to its average volume of 998,544. The firm has a fifty day moving average of $55.63 and a two-hundred day moving average of $67.69. Moelis & Company has a 12-month low of $47.00 and a 12-month high of $82.89. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 34.93 and a beta of 1.66.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The company had revenue of $306.59 million during the quarter, compared to analyst estimates of $309.67 million. During the same quarter in the previous year, the business earned $0.22 EPS. The firm's revenue was up 41.0% on a year-over-year basis. Equities research analysts forecast that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 5th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's dividend payout ratio (DPR) is 119.27%.

Insider Activity

In other news, CEO Kenneth Moelis sold 9,712 shares of the business's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $718,688.00. Following the completion of the transaction, the chief executive officer now owns 209,235 shares of the company's stock, valued at $15,483,390. The trade was a 4.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christopher Callesano sold 1,282 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $94,868.00. Following the completion of the transaction, the insider now directly owns 1,227 shares of the company's stock, valued at approximately $90,798. The trade was a 51.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,721 shares of company stock valued at $1,677,017 in the last quarter. Company insiders own 6.40% of the company's stock.

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.