Moelis & Company (NYSE:MC) Position Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Moelis & Company (NYSE:MC - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,795 shares of the asset manager's stock after buying an additional 30,592 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.23% of Moelis & Company worth $12,988,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Edgestream Partners L.P. bought a new position in Moelis & Company during the 4th quarter valued at $2,784,000. Charles Schwab Investment Management Inc. boosted its holdings in Moelis & Company by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager's stock worth $69,119,000 after buying an additional 12,632 shares in the last quarter. Hodges Capital Management Inc. bought a new stake in Moelis & Company during the fourth quarter worth approximately $9,149,000. Raymond James Financial Inc. acquired a new position in Moelis & Company in the fourth quarter worth approximately $27,855,000. Finally, Entropy Technologies LP bought a new position in shares of Moelis & Company in the fourth quarter valued at $412,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Moelis & Company Stock Performance

Shares of MC stock traded up $0.62 on Tuesday, reaching $57.50. 76,668 shares of the company's stock traded hands, compared to its average volume of 772,093. The company has a market capitalization of $4.51 billion, a P/E ratio of 32.67 and a beta of 1.66. Moelis & Company has a 12-month low of $47.00 and a 12-month high of $82.89. The business's 50 day moving average price is $54.98 and its two-hundred day moving average price is $66.42.

Moelis & Company (NYSE:MC - Get Free Report) last released its earnings results 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. The company had revenue of $306.59 million for the quarter, compared to analysts' expectations of $309.67 million. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. The business's revenue for the quarter was up 41.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. Research analysts predict 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 Friday, June 20th. Investors of record on Monday, May 5th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's payout ratio is presently 119.27%.

Analysts Set New Price Targets

Several research firms have recently weighed in on MC. The Goldman Sachs Group raised their price objective on Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. decreased their price target on Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company dropped their price target on Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley reduced their price objective on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a research note on Monday, April 7th. Finally, JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $59.83.

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.