Thrivent Financial for Lutherans Acquires 572 Shares of Moelis & Company (NYSE:MC)

Thrivent Financial for Lutherans lifted its holdings in Moelis & Company (NYSE:MC) by 1.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,405 shares of the asset manager’s stock after purchasing an additional 572 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Moelis & Company worth $3,321,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. UBS Group AG increased its stake in Moelis & Company by 17.9% during the fourth quarter. UBS Group AG now owns 143,711 shares of the asset manager’s stock valued at $8,066,000 after acquiring an additional 21,813 shares during the period. US Bancorp DE increased its stake in Moelis & Company by 24.2% during the fourth quarter. US Bancorp DE now owns 11,231 shares of the asset manager’s stock valued at $630,000 after acquiring an additional 2,189 shares during the period. Hsbc Holdings PLC increased its stake in Moelis & Company by 0.4% during the fourth quarter. Hsbc Holdings PLC now owns 104,496 shares of the asset manager’s stock valued at $5,906,000 after acquiring an additional 413 shares during the period. Steward Partners Investment Advisory LLC increased its stake in Moelis & Company by 5.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,158 shares of the asset manager’s stock valued at $570,000 after acquiring an additional 551 shares during the period. Finally, Stifel Financial Corp increased its stake in Moelis & Company by 9.6% during the fourth quarter. Stifel Financial Corp now owns 231,230 shares of the asset manager’s stock valued at $12,979,000 after acquiring an additional 20,193 shares during the period. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Price Performance

NYSE MC opened at $68.93 on Monday. The firm has a market cap of $5.16 billion, a PE ratio of -362.79 and a beta of 1.33. Moelis & Company has a one year low of $38.58 and a one year high of $71.34. The stock’s 50 day simple moving average is $65.56 and its 200 day simple moving average is $58.94.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $264.59 million for the quarter, compared to analyst estimates of $227.90 million. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. Moelis & Company’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same period in the prior year, the company earned ($0.04) EPS. As a group, equities analysts expect that Moelis & Company will post 1.08 earnings per share for the current year.

Moelis & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, August 5th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend was Monday, August 5th. Moelis & Company’s dividend payout ratio is -1,263.16%.

Insiders Place Their Bets

In other Moelis & Company news, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $69.29, for a total transaction of $34,298.55. Following the transaction, the director now owns 9,372 shares of the company’s stock, valued at approximately $649,385.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Moelis & Company news, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $69.29, for a total transaction of $34,298.55. Following the transaction, the director now owns 9,372 shares of the company’s stock, valued at approximately $649,385.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Joseph Simon sold 6,723 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $64.00, for a total value of $430,272.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,526 shares of company stock valued at $830,133. 6.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MC shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $60.00 price target (up from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. JPMorgan Chase & Co. upped their price objective on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Wells Fargo & Company initiated coverage on Moelis & Company in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective on the stock. UBS Group upped their price objective on Moelis & Company from $47.00 to $50.00 and gave the company a “sell” rating in a research note on Tuesday, July 9th. Finally, Morgan Stanley upped their price objective on Moelis & Company from $61.00 to $67.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.33.

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.