London Co. of Virginia Has $271.05 Million Stock Holdings in Moelis & Company (NYSE:MC)

London Co. of Virginia decreased its position in shares of Moelis & Company (NYSE:MC - Free Report) by 0.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,668,831 shares of the asset manager's stock after selling 24,051 shares during the period. Moelis & Company comprises 1.5% of London Co. of Virginia's holdings, making the stock its 22nd largest holding. London Co. of Virginia owned approximately 4.90% of Moelis & Company worth $271,053,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Madison Investment Advisors LLC bought a new position in shares of Moelis & Company in the fourth quarter worth about $86,062,000. Norges Bank bought a new position in shares of Moelis & Company in the fourth quarter worth about $52,610,000. Balyasny Asset Management L.P. lifted its holdings in shares of Moelis & Company by 215.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 723,384 shares of the asset manager's stock worth $53,444,000 after acquiring an additional 494,123 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Moelis & Company in the fourth quarter worth about $27,855,000. Finally, Capital Research Global Investors bought a new stake in shares of Moelis & Company during the fourth quarter worth $20,720,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. Morgan Stanley lowered their price target on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a report on Monday, April 7th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 price target (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Two research 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's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $61.83.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, insider Christopher Callesano sold 1,282 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $94,868.00. Following the completion of the sale, the insider now owns 1,227 shares of the company's stock, valued at approximately $90,798. This represents a 51.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth Shropshire sold 2,551 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $72.30, for a total value of $184,437.30. Following the transaction, the director now owns 6,940 shares in the company, valued at $501,762. The trade was a 26.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,721 shares of company stock valued at $1,677,017. 6.40% of the stock is currently owned by company insiders.

Moelis & Company Price Performance

Shares of NYSE MC opened at $54.94 on Monday. The company has a 50 day simple moving average of $55.68 and a 200 day simple moving average of $67.89. The firm has a market cap of $4.31 billion, a PE ratio of 31.22 and a beta of 1.66. 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 Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. The business had revenue of $306.59 million during the quarter, compared to analyst estimates of $309.67 million. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The firm's quarterly revenue was up 41.0% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. As a group, research analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders 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 4.73%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's dividend payout ratio is presently 119.27%.

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.

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