Moelis & Company (NYSE:MC) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Moelis & Company (NYSE:MC - Free Report) by 214.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,942,299 shares of the asset manager's stock after purchasing an additional 2,006,747 shares during the period. Charles Schwab Investment Management Inc. owned about 3.75% of Moelis & Company worth $171,713,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in Moelis & Company by 1,551.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 644 shares of the asset manager's stock valued at $38,000 after acquiring an additional 605 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Moelis & Company by 1,460.8% during the first quarter. Versant Capital Management Inc now owns 796 shares of the asset manager's stock worth $46,000 after purchasing an additional 745 shares during the period. NBC Securities Inc. acquired a new stake in shares of Moelis & Company during the first quarter worth $59,000. GAMMA Investing LLC raised its holdings in shares of Moelis & Company by 38.9% during the first quarter. GAMMA Investing LLC now owns 1,632 shares of the asset manager's stock worth $95,000 after purchasing an additional 457 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Moelis & Company during the first quarter worth $107,000. 91.53% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Moelis & Company

In other news, General Counsel Osamu R. Watanabe sold 6,340 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $72.64, for a total transaction of $460,537.60. Following the completion of the transaction, the general counsel owned 131 shares in the company, valued at approximately $9,515.84. This trade represents a 97.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.40% of the company's stock.

Moelis & Company Trading Up 3.6%

MC traded up $2.55 on Tuesday, reaching $73.64. The company had a trading volume of 918,147 shares, compared to its average volume of 882,322. The company has a fifty day moving average of $65.38 and a 200-day moving average of $63.02. The company has a market capitalization of $5.78 billion, a P/E ratio of 28.99 and a beta of 1.70. Moelis & Company has a one year low of $47.00 and a one year high of $82.89.

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

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Monday, August 4th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, August 4th. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. Moelis & Company's dividend payout ratio (DPR) is 102.36%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MC shares. The Goldman Sachs Group increased their target price on shares of Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Keefe, Bruyette & Woods increased their target price on shares of Moelis & Company from $69.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. JPMorgan Chase & Co. dropped their target price on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Morgan Stanley raised shares of Moelis & Company from an "underweight" rating to an "overweight" rating and increased their target price for the stock from $42.00 to $68.00 in a report on Monday, June 23rd. Finally, Wells Fargo & Company increased their target price on shares of Moelis & Company from $50.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $66.00.

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.