Moelis & Company (NYSE:MC) Shares Bought by Capital Management Corp VA

Capital Management Corp VA increased its holdings in Moelis & Company (NYSE:MC - Free Report) by 15.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 209,653 shares of the asset manager's stock after buying an additional 28,565 shares during the quarter. Moelis & Company accounts for about 2.1% of Capital Management Corp VA's investment portfolio, making the stock its 19th largest position. Capital Management Corp VA owned approximately 0.28% of Moelis & Company worth $12,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MC. Vanguard Group Inc. lifted its holdings in Moelis & Company by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,147,315 shares of the asset manager's stock valued at $601,924,000 after purchasing an additional 99,766 shares in the last quarter. Northern Trust Corp increased its position in Moelis & Company by 4.5% during the fourth quarter. Northern Trust Corp now owns 860,125 shares of the asset manager's stock valued at $63,546,000 after acquiring an additional 36,736 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Moelis & Company by 215.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 723,384 shares of the asset manager's stock valued at $53,444,000 after acquiring an additional 494,123 shares during the last quarter. Norges Bank bought a new position in Moelis & Company during the fourth quarter valued at $52,610,000. Finally, Bank of America Corp DE increased its position in Moelis & Company by 14.3% during the fourth quarter. Bank of America Corp DE now owns 616,604 shares of the asset manager's stock valued at $45,555,000 after acquiring an additional 77,224 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company's stock.

Moelis & Company Stock Down 2.1%

Shares of NYSE MC traded down $1.48 during midday trading on Friday, reaching $70.35. 831,586 shares of the stock were exchanged, compared to its average volume of 812,817. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 32.27 and a beta of 1.64. Moelis & Company has a twelve month low of $47.00 and a twelve month high of $82.89. The firm has a 50-day simple moving average of $61.37 and a two-hundred day simple moving average of $63.68.

Moelis & Company (NYSE:MC - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. Moelis & Company had a return on equity of 40.89% and a net margin of 13.22%. The firm had revenue of $306.59 million for the quarter, compared to analyst estimates of $309.67 million. During the same quarter last year, the firm posted $0.22 EPS. The business's revenue was up 41.0% on a year-over-year basis. Research analysts expect that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 5th were issued a $0.65 dividend. The ex-dividend date was Monday, May 5th. This represents a $2.60 dividend on an annualized basis and a yield of 3.70%. Moelis & Company's payout ratio is currently 119.27%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a research note on Thursday, April 24th. Wells Fargo & Company increased their price target on shares of Moelis & Company from $50.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Keefe, Bruyette & Woods raised their price target on shares of Moelis & Company from $69.00 to $89.00 and gave the company an "outperform" rating in a report on Monday, July 14th. JPMorgan Chase & Co. cut their price objective on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group lifted their price objective on shares of Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Moelis & Company presently has a consensus rating of "Hold" and a consensus target price of $66.00.

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.