Blue Trust Inc. Grows Stake in Moelis & Company (NYSE:MC)

Blue Trust Inc. boosted its holdings in shares of Moelis & Company (NYSE:MC) by 193.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,081 shares of the asset manager’s stock after purchasing an additional 712 shares during the quarter. Blue Trust Inc.’s holdings in Moelis & Company were worth $74,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Moelis & Company by 63.5% during the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after buying an additional 193 shares during the last quarter. GAMMA Investing LLC lifted its stake in Moelis & Company by 115.8% in the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after purchasing an additional 534 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Moelis & Company by 75.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,465 shares of the asset manager’s stock worth $83,000 after purchasing an additional 629 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Moelis & Company during the 2nd quarter valued at about $113,000. Finally, nVerses Capital LLC grew its position in shares of Moelis & Company by 100.0% during the second quarter. nVerses Capital LLC now owns 3,000 shares of the asset manager’s stock valued at $171,000 after purchasing an additional 1,500 shares in the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Trading Down 0.9 %

MC stock opened at $66.87 on Thursday. The stock has a market cap of $5.00 billion, a PE ratio of -354.89 and a beta of 1.33. Moelis & Company has a 12 month low of $39.91 and a 12 month high of $72.80. The company has a 50-day moving average price of $67.66 and a 200 day moving average price of $60.96.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $273.76 million for the quarter, compared to the consensus estimate of $273.58 million. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. Moelis & Company’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.15) EPS. Sell-side analysts forecast that Moelis & Company will post 0.98 EPS for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 annualized dividend and a yield of 3.59%. Moelis & Company’s dividend payout ratio (DPR) is -1,263.16%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MC shares. JPMorgan Chase & Co. boosted their target price on Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Wells Fargo & Company initiated coverage on Moelis & Company in a research report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 target price for the company. Morgan Stanley reduced their price target on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a research report on Thursday, October 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 price objective (up previously from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. Finally, UBS Group upped their target price on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating and six have given a hold 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 $60.83.

Moelis & Company Company Profile

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.