Victory Capital Management Inc. Has $13.57 Million Stake in Moelis & Company (NYSE:MC)

Victory Capital Management Inc. decreased its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 6.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,728 shares of the asset manager's stock after selling 16,507 shares during the period. Victory Capital Management Inc. owned about 0.34% of Moelis & Company worth $13,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Mendota Financial Group LLC purchased a new position in Moelis & Company in the 4th quarter worth approximately $34,000. GAMMA Investing LLC purchased a new stake in Moelis & Company in the 4th quarter valued at $34,000. Neo Ivy Capital Management acquired a new stake in shares of Moelis & Company in the 3rd quarter worth $99,000. International Assets Investment Management LLC raised its holdings in shares of Moelis & Company by 890.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,199 shares of the asset manager's stock worth $180,000 after acquiring an additional 2,876 shares during the period. Finally, Strs Ohio boosted its position in shares of Moelis & Company by 28.6% during the 3rd quarter. Strs Ohio now owns 3,600 shares of the asset manager's stock valued at $162,000 after acquiring an additional 800 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company's stock.

Moelis & Company Stock Performance

Shares of Moelis & Company stock traded up $0.29 during trading hours on Friday, reaching $54.43. 482,467 shares of the company were exchanged, compared to its average volume of 649,048. The firm has a market cap of $4.07 billion, a PE ratio of -286.47 and a beta of 1.39. Moelis & Company has a 1 year low of $33.87 and a 1 year high of $58.67. The stock's fifty day moving average is $53.57 and its 200 day moving average is $52.33.

Moelis & Company (NYSE:MC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.11. Moelis & Company had a negative return on equity of 0.12% and a negative net margin of 1.33%. The company had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. During the same quarter last year, the company earned $0.05 EPS. Moelis & Company's revenue for the quarter was up 17.4% compared to the same quarter last year. Research analysts expect that Moelis & Company will post 1.3 earnings per share for the current year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 6th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Friday, May 3rd. Moelis & Company's dividend payout ratio (DPR) is presently -1,263.16%.

Analysts Set New Price Targets

A number of brokerages have commented on MC. UBS Group lifted their target price on shares of Moelis & Company from $45.00 to $47.00 and gave the stock a "sell" rating in a research note on Thursday, April 25th. The Goldman Sachs Group raised Moelis & Company from a "sell" rating to a "neutral" rating and raised their target price for the stock from $53.00 to $58.00 in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $54.00 price target (down previously from $58.00) on shares of Moelis & Company in a research note on Thursday, April 25th. StockNews.com raised Moelis & Company from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Finally, JMP Securities restated a "market perform" rating on shares of Moelis & Company in a report on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $50.80.

Insider Buying and Selling at Moelis & Company

In other news, COO Ciafone Katherine Pilcher sold 4,798 shares of the company's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $252,374.80. Following the completion of the transaction, the chief operating officer now directly owns 3,666 shares of the company's stock, valued at approximately $192,831.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Moelis & Company news, COO Ciafone Katherine Pilcher sold 4,798 shares of the firm's stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $252,374.80. Following the transaction, the chief operating officer now owns 3,666 shares of the company's stock, valued at $192,831.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kenneth Moelis sold 40,000 shares of the business's stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.98, for a total value of $2,159,200.00. Following the completion of the sale, the chief executive officer now directly owns 42,441 shares of the company's stock, valued at $2,290,965.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 403,425 shares of company stock valued at $21,647,307. Insiders own 6.96% of the company's stock.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.