Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Moelis & Company (NYSE:MC)

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 bought a new stake in Moelis & Company (NYSE:MC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,300 shares of the asset manager's stock, valued at approximately $543,000.

A number of other institutional investors also recently modified their holdings of MC. CIBC Private Wealth Group LLC increased its position in shares of Moelis & Company by 52.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock valued at $30,000 after acquiring an additional 137 shares during the last quarter. Headlands Technologies LLC bought a new position in Moelis & Company in the fourth quarter valued at approximately $31,000. MassMutual Private Wealth & Trust FSB lifted its stake in Moelis & Company by 1,551.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 644 shares of the asset manager's stock worth $38,000 after purchasing an additional 605 shares during the last quarter. Versant Capital Management Inc lifted its stake in Moelis & Company by 1,460.8% during the first quarter. Versant Capital Management Inc now owns 796 shares of the asset manager's stock worth $46,000 after purchasing an additional 745 shares during the last quarter. Finally, NBC Securities Inc. bought a new stake in Moelis & Company during the first quarter worth $59,000. Institutional investors own 91.53% of the company's stock.

Analysts Set New Price Targets

MC has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target 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. Wells Fargo & Company upped their target price 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. Keefe, Bruyette & Woods boosted their target price on Moelis & Company from $69.00 to $89.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group raised their price target on shares of Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $66.00.

Insider Transactions at Moelis & Company

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

Moelis & Company Price Performance

Moelis & Company stock traded up $0.06 during trading hours on Wednesday, hitting $70.31. The stock had a trading volume of 173,139 shares, compared to its average volume of 950,781. The stock's fifty day moving average is $64.02 and its two-hundred day moving average is $63.27. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 27.68 and a beta of 1.70. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The asset manager reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.21. Moelis & Company had a net margin of 14.31% and a return on equity of 42.72%. The firm had revenue of $365.38 million for the quarter, compared to the consensus estimate of $269.57 million. During the same period last year, the firm posted $0.18 EPS. Moelis & Company's quarterly revenue was up 38.1% 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 year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Monday, August 4th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a $2.60 dividend on an annualized basis and a yield of 3.7%. Moelis & Company's dividend payout ratio is presently 102.36%.

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.