6,846 Shares in Moelis & Company $MC Bought by Drucker Wealth 3.0 LLC

Key Points

• Drucker Wealth 3.0 LLC acquired 6,846 shares of Moelis & Company, valued at approximately $467,000, indicating increased institutional interest in the asset management firm.
• Moelis & Company reported a strong quarterly earnings performance, with $0.53 EPS, surpassing analysts' expectations and showing a significant revenue increase of 38.1% compared to the previous year.
• Recent analyst ratings for Moelis & Company show a consensus rating of "Hold" and varying price targets, with Morgan Stanley raising their target to $90.00 while Zacks downgraded its rating to "hold".

Drucker Wealth 3.0 LLC purchased a new position in shares of Moelis & Company (NYSE:MC - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 6,846 shares of the asset manager's stock, valued at approximately $467,000.

A number of other large investors have also recently bought and sold shares of MC. eCIO Inc. acquired a new stake in shares of Moelis & Company in the 1st quarter valued at about $50,000. GAMMA Investing LLC lifted its position in shares of Moelis & Company by 38.9% during the 1st quarter. GAMMA Investing LLC now owns 1,632 shares of the asset manager's stock worth $95,000 after buying an additional 457 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Moelis & Company during the 1st quarter worth approximately $107,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Moelis & Company during the 1st quarter worth approximately $124,000. Finally, Petrus Trust Company LTA bought a new position in shares of Moelis & Company during the 1st quarter worth approximately $221,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MC shares. Zacks Research cut shares of Moelis & Company from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. BMO Capital Markets initiated coverage on shares of Moelis & Company in a report on Friday, October 3rd. They issued a "market perform" rating and a $74.00 price target on the stock. Morgan Stanley lifted their price target on shares of Moelis & Company from $74.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Moelis & Company in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Moelis & Company in a report on Thursday. They issued a "buy" rating and a $80.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Moelis & Company presently has a consensus rating of "Hold" and a consensus target price of $73.14.

Moelis & Company Price Performance

Shares of MC stock opened at $63.03 on Friday. The company's fifty day simple moving average is $71.65 and its two-hundred day simple moving average is $63.64. Moelis & Company has a 1 year low of $47.00 and a 1 year high of $82.89. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 24.82 and a beta of 1.77.

Moelis & Company (NYSE:MC - Get Free Report) last issued its earnings results on Thursday, July 24th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.21. Moelis & Company had a net margin of 14.31% and a return on equity of 42.72%. The business had revenue of $365.38 million for the quarter, compared to analysts' expectations of $269.57 million. During the same quarter in the previous year, the firm posted $0.18 EPS. The business's revenue for the quarter was up 38.1% compared to the same quarter last year. Equities research analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, August 4th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, August 4th. This represents a $2.60 dividend on an annualized basis and a yield of 4.1%. Moelis & Company's payout ratio is presently 102.36%.

Insiders Place Their Bets

In other news, Director Kenneth Shropshire sold 2,615 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $72.52, for a total transaction of $189,639.80. Following the completion of the transaction, the director directly owned 7,109 shares in the company, valued at $515,544.68. The trade was a 26.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Osamu R. Watanabe sold 6,340 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $72.64, for a total transaction of $460,537.60. Following the transaction, the general counsel owned 131 shares of the company's stock, valued at $9,515.84. This trade represents a 97.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company's stock.

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.

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