Trust Point Inc. Has $672,000 Stock Holdings in Moelis & Company (NYSE:MC)

Trust Point Inc. cut its position in shares of Moelis & Company (NYSE:MC - Free Report) by 35.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,519 shares of the asset manager's stock after selling 6,282 shares during the period. Trust Point Inc.'s holdings in Moelis & Company were worth $672,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MC. Edgestream Partners L.P. acquired a new position in Moelis & Company in the fourth quarter worth about $2,784,000. Charles Schwab Investment Management Inc. grew its stake in shares of Moelis & Company by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager's stock valued at $69,119,000 after purchasing an additional 12,632 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Moelis & Company in the 4th quarter worth approximately $27,855,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Moelis & Company by 21.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 175,795 shares of the asset manager's stock worth $12,988,000 after buying an additional 30,592 shares during the period. Finally, Quantbot Technologies LP lifted its position in shares of Moelis & Company by 262.8% during the 4th quarter. Quantbot Technologies LP now owns 22,865 shares of the asset manager's stock worth $1,689,000 after buying an additional 16,563 shares during the period. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Trading Up 0.2%

Shares of Moelis & Company stock traded up $0.10 during trading on Friday, reaching $56.61. The company's stock had a trading volume of 2,027,654 shares, compared to its average volume of 795,570. The stock has a 50-day moving average price of $55.80 and a two-hundred day moving average price of $64.92. The stock has a market capitalization of $4.44 billion, a P/E ratio of 25.97 and a beta of 1.64. 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 Wednesday, April 23rd. The asset manager reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. Moelis & Company had a net margin of 13.22% and a return on equity of 40.89%. The firm had revenue of $306.59 million during the quarter, compared to analysts' expectations of $309.67 million. During the same quarter last year, the company posted $0.22 EPS. The company's quarterly revenue was up 41.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 5th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Monday, May 5th. Moelis & Company's dividend payout ratio is currently 119.27%.

Analysts Set New Price Targets

A number of analysts have weighed in on MC shares. Morgan Stanley lowered their price target on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a research report on Monday, April 7th. Wall Street Zen lowered shares of Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Wells Fargo & Company dropped their target price on shares of Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group boosted their price target on shares of Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $59.83.

About Moelis & Company

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.