Moelis & Company (NYSE:MC) Shares Purchased by Cwm LLC

CWM LLC grew its holdings in Moelis & Company (NYSE:MC - Free Report) by 213.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 7,945 shares of the asset manager's stock after buying an additional 5,409 shares during the quarter. CWM LLC's holdings in Moelis & Company were worth $464,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Moelis & Company in the 4th quarter worth approximately $52,610,000. Balyasny Asset Management L.P. increased its holdings in shares of Moelis & Company by 215.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 723,384 shares of the asset manager's stock worth $53,444,000 after purchasing an additional 494,123 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Moelis & Company in the 4th quarter worth $27,855,000. Capital Research Global Investors bought a new stake in shares of Moelis & Company in the 4th quarter worth $20,720,000. Finally, Fred Alger Management LLC bought a new stake in shares of Moelis & Company in the 4th quarter worth $16,396,000. Hedge funds and other institutional investors own 91.53% of the company's stock.

Moelis & Company Trading Down 1.1%

Shares of MC traded down $0.78 during mid-day trading on Friday, hitting $70.26. 1,564,320 shares of the company's stock were exchanged, compared to its average volume of 828,817. Moelis & Company has a fifty-two week low of $47.00 and a fifty-two week high of $82.89. The firm has a market capitalization of $5.52 billion, a P/E ratio of 27.66 and a beta of 1.64. The business's 50 day moving average is $62.13 and its two-hundred day moving average is $63.56.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The asset manager reported $0.53 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 45.30%. The firm had revenue of $365.38 million during the quarter, compared to the consensus estimate of $269.57 million. During the same quarter last year, the firm earned $0.18 earnings per share. The firm's revenue was up 38.1% compared to the same quarter last year. On average, equities research analysts forecast that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Stockholders of record on Monday, August 4th will be paid 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 3.70%. Moelis & Company's dividend payout ratio is presently 119.27%.

Analyst Ratings Changes

MC has been the topic of a number of research reports. Morgan Stanley upgraded Moelis & Company from an "underweight" rating to an "overweight" rating and raised their price target for the stock from $42.00 to $68.00 in a research note on Monday, June 23rd. JPMorgan Chase & Co. lowered their target price on Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group lifted their target price on Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. Finally, Keefe, Bruyette & Woods raised their price target on Moelis & Company from $69.00 to $89.00 and gave the company an "outperform" rating in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company 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.