Allianz Asset Management GmbH Has $2.01 Million Position in Moelis & Company (NYSE:MC)

Allianz Asset Management GmbH decreased its position in shares of Moelis & Company (NYSE:MC - Free Report) by 12.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,349 shares of the asset manager's stock after selling 4,999 shares during the quarter. Allianz Asset Management GmbH's holdings in Moelis & Company were worth $2,005,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. CIBC Private Wealth Group LLC increased its holdings in Moelis & Company by 52.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Peak Financial Advisors LLC grew its stake in shares of Moelis & Company by 2.4% during the first quarter. Peak Financial Advisors LLC now owns 8,567 shares of the asset manager's stock valued at $500,000 after acquiring an additional 204 shares in the last quarter. Palisades Investment Partners LLC grew its stake in shares of Moelis & Company by 0.3% during the first quarter. Palisades Investment Partners LLC now owns 76,730 shares of the asset manager's stock valued at $4,478,000 after acquiring an additional 204 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in shares of Moelis & Company by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,394 shares of the asset manager's stock valued at $546,000 after acquiring an additional 234 shares in the last quarter. Finally, Pitcairn Co. grew its stake in shares of Moelis & Company by 2.7% during the fourth quarter. Pitcairn Co. now owns 9,687 shares of the asset manager's stock valued at $716,000 after acquiring an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company's stock.

Insider Transactions at Moelis & Company

In other Moelis & Company news, General Counsel Osamu R. Watanabe sold 6,340 shares of Moelis & Company stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $72.64, for a total value of $460,537.60. Following the transaction, the general counsel owned 131 shares in the company, valued at approximately $9,515.84. The trade was a 97.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 6.40% of the company's stock.

Moelis & Company Stock Performance

Shares of MC traded down $1.67 during mid-day trading on Friday, reaching $68.47. 1,087,355 shares of the company's stock traded hands, compared to its average volume of 873,789. The business's 50-day moving average price is $63.52 and its 200-day moving average price is $63.37. The stock has a market capitalization of $5.38 billion, a P/E ratio of 26.96 and a beta of 1.70. Moelis & Company has a 12 month low of $47.00 and a 12 month 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 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 analyst estimates of $269.57 million. During the same quarter last year, the business earned $0.18 earnings per share. The business's revenue for the quarter was up 38.1% on a year-over-year basis. Equities research analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Monday, August 4th will be given a $0.65 dividend. The ex-dividend date is Monday, August 4th. This represents a $2.60 annualized dividend and a yield of 3.8%. Moelis & Company's payout ratio is 102.36%.

Analyst Upgrades and Downgrades

MC has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on shares of Moelis & Company from $50.00 to $64.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. The Goldman Sachs Group increased their price target 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. JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods increased their price target on shares of Moelis & Company from $69.00 to $89.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. cut 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. 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 company has a consensus rating of "Hold" and a consensus 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.