Mercer Global Advisors Inc. ADV Invests $335,000 in Moelis & Company (NYSE:MC)

Mercer Global Advisors Inc. ADV acquired a new position in shares of Moelis & Company (NYSE:MC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,530 shares of the asset manager's stock, valued at approximately $335,000.

A number of other institutional investors also recently bought and sold shares of MC. Vanguard Group Inc. boosted its position in Moelis & Company by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,147,315 shares of the asset manager's stock valued at $601,924,000 after acquiring an additional 99,766 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in Moelis & Company during the 4th quarter worth about $86,062,000. Charles Schwab Investment Management Inc. boosted its position in Moelis & Company by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager's stock valued at $69,119,000 after buying an additional 12,632 shares during the last quarter. Northern Trust Corp increased its stake in shares of Moelis & Company by 4.5% in the fourth quarter. Northern Trust Corp now owns 860,125 shares of the asset manager's stock worth $63,546,000 after acquiring an additional 36,736 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in Moelis & Company by 7.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 768,945 shares of the asset manager's stock worth $56,810,000 after purchasing an additional 53,473 shares during the period. 91.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Moelis & Company news, CEO Kenneth Moelis sold 9,712 shares of Moelis & Company 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 $718,688.00. Following the transaction, the chief executive officer now directly owns 209,235 shares in the company, valued at approximately $15,483,390. The trade was a 4.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Kenneth Shropshire sold 2,551 shares of Moelis & Company stock in a transaction on Friday, February 21st. The shares were 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. This represents a 26.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,721 shares of company stock valued at $1,677,017 over the last three months. Company insiders own 6.40% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley decreased their target price 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. JPMorgan Chase & Co. lowered their price objective 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. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price target (up from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. StockNews.com cut Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Moelis & Company currently has an average rating of "Hold" and a consensus target price of $59.83.

Moelis & Company Price Performance

MC traded down $0.51 during trading on Tuesday, hitting $60.37. The company had a trading volume of 63,800 shares, compared to its average volume of 993,148. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89. The business has a 50-day moving average of $55.65 and a 200-day moving average of $67.65. The company has a market cap of $4.74 billion, a PE ratio of 34.30 and a beta of 1.66.

Moelis & Company (NYSE:MC - Get Free Report) last released 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 return on equity of 38.49% and a net margin of 11.39%. The business's revenue for the quarter was up 41.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. Research analysts forecast 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 paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.31%. Moelis & Company's dividend payout ratio is presently 119.27%.

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.