9,300 Shares in Moelis & Company (NYSE:MC) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH invested approximately $543,000 in Moelis & Company during the first quarter, purchasing 9,300 shares according to a recent SEC filing.
• Moelis & Company reported a quarterly earnings per share (EPS) of $0.53, significantly exceeding analysts' expectations of $0.32, alongside a 38.1% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.65 per share, representing an annualized yield of 3.8%, and will pay out on September 18th.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Moelis & Company (NYSE:MC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,300 shares of the asset manager's stock, valued at approximately $543,000.

Other large investors have also recently bought and sold shares of the company. CIBC Private Wealth Group LLC lifted its holdings in shares of Moelis & Company by 52.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock worth $30,000 after acquiring an additional 137 shares during the period. Peak Financial Advisors LLC raised its position in 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 purchasing an additional 204 shares in the last quarter. Palisades Investment Partners LLC raised its position in 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 purchasing an additional 204 shares in the last quarter. Summit Investment Advisors Inc. raised its position in 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 purchasing an additional 234 shares in the last quarter. Finally, Choreo LLC raised its position in Moelis & Company by 5.1% during the first quarter. Choreo LLC now owns 5,075 shares of the asset manager's stock valued at $296,000 after purchasing an additional 244 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MC has been the topic of a number of research reports. JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a research note on Thursday, April 24th. JPMorgan Chase & Co. cut their target price on 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 boosted their target price for the stock from $42.00 to $68.00 in a research report on Monday, June 23rd. The Goldman Sachs Group upped their price objective 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. Finally, Wells Fargo & Company lifted their price objective 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $66.00.

Insider Buying and Selling

In other news, General Counsel Osamu R. Watanabe sold 6,340 shares of the company's 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. This represents a 97.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 6.40% of the stock is owned by insiders.

Moelis & Company Stock Up 1.1%

Shares of MC stock traded up $0.78 on Monday, reaching $69.36. The company's stock had a trading volume of 581,363 shares, compared to its average volume of 956,301. Moelis & Company has a 12-month low of $47.00 and a 12-month high of $82.89. The company has a market capitalization of $5.44 billion, a P/E ratio of 27.31 and a beta of 1.70. The stock's 50 day simple moving average is $63.52 and its 200-day simple moving average is $63.28.

Moelis & Company (NYSE:MC - Get Free Report) last issued its earnings results on Thursday, July 24th. The asset manager reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.21. The company had revenue of $365.38 million for the quarter, compared to analysts' expectations of $269.57 million. Moelis & Company had a net margin of 14.31% and a return on equity of 42.72%. The firm's revenue was up 38.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. Research analysts expect 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. Investors of record on Monday, August 4th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.60 annualized dividend and a yield of 3.7%. Moelis & Company's payout ratio is presently 102.36%.

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.