Victory Capital Management Inc. Has $5.84 Million Position in Moelis & Company (NYSE:MC)

Victory Capital Management Inc. boosted its holdings in Moelis & Company (NYSE:MC) by 72.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 85,202 shares of the asset manager’s stock after purchasing an additional 35,713 shares during the quarter. Victory Capital Management Inc. owned about 0.11% of Moelis & Company worth $5,837,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Winslow Asset Management Inc. grew its position in Moelis & Company by 0.8% in the 3rd quarter. Winslow Asset Management Inc. now owns 175,179 shares of the asset manager’s stock valued at $12,002,000 after purchasing an additional 1,361 shares during the period. Venturi Wealth Management LLC grew its position in Moelis & Company by 52.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 6,443 shares of the asset manager’s stock valued at $441,000 after purchasing an additional 2,213 shares during the period. Los Angeles Capital Management LLC grew its position in Moelis & Company by 35.2% in the 3rd quarter. Los Angeles Capital Management LLC now owns 12,248 shares of the asset manager’s stock valued at $839,000 after purchasing an additional 3,190 shares during the period. Legacy Capital Wealth Partners LLC acquired a new stake in Moelis & Company in the 3rd quarter valued at $465,000. Finally, Atria Investments Inc grew its position in Moelis & Company by 4.6% in the 3rd quarter. Atria Investments Inc now owns 25,197 shares of the asset manager’s stock valued at $1,726,000 after purchasing an additional 1,107 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MC. Wells Fargo & Company began coverage on shares of Moelis & Company in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price objective on the stock. Morgan Stanley cut their price objective on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a report on Thursday, October 24th. Finally, UBS Group lifted their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.83.

Moelis & Company Stock Up 0.5 %

MC opened at $75.03 on Friday. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 141.66 and a beta of 1.33. Moelis & Company has a twelve month low of $44.53 and a twelve month high of $81.60. The company’s 50-day moving average price is $70.31 and its two-hundred day moving average price is $63.41.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $273.76 million for the quarter, compared to analysts’ expectations of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.15) earnings per share. As a group, sell-side analysts anticipate that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Monday, November 4th. Moelis & Company’s payout ratio is 452.83%.

Moelis & 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.