3 days Ago By ABMN Staff
Texas Permanent School Fund Corp reduced its holdings in shares of Moelis & Company ( NYSE:MC – Free Report ) by 14.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,896 shares of the asset manager’s stock after selling 8,448 shares during the period.
Texas Permanent School Fund Corp’s holdings in Moelis & Company were worth $2,837,000 at the end of the most recent quarter. Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.
a. increased its stake in Moelis & Company by 63.5% during the 2nd quarter.
UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after buying an additional 193 shares during the period.
Hexagon Capital Partners LLC increased its stake in Moelis & Company by 147.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock worth $37,000 after buying an additional 392 shares during the period.
Benjamin F. Edwards & Company Inc. grew its holdings in Moelis & Company by 510.
2% during the 1st quarter. Benjamin F. Edwards & Company Inc.
now owns 836 shares of the asset manager’s stock worth $47,000 after acquiring an additional 699 shares in the last quarter. Assetmark Inc. grew its holdings in Moelis & Company by 22.
5% during the 4th quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock worth $84,000 after acquiring an additional 276 shares in the last quarter.
Finally, nVerses Capital LLC grew its holdings in Moelis & Company by 100.0% during the 2nd quarter. nVerses Capital LLC now owns 3,000 shares of the asset manager’s stock worth $171,000 after acquiring an additional 1,500 shares in the last quarter.
91.53% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several research analysts have commented on MC shares.
JPMorgan Chase & Co. boosted their price target on shares of Moelis & Company from $50.00 to $51.
00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. UBS Group boosted their price target on shares of Moelis & Company from $47.00 to $50.
00 and gave the stock a “sell” rating in a report on Tuesday, July 9th. Morgan Stanley boosted their price target on shares of Moelis & Company from $51.00 to $61.
00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Wells Fargo & Company started coverage on shares of Moelis & Company in a report on Thursday. They set an “equal weight” rating and a $70.
00 price target for the company. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 price target (up previously from $54.
00) on shares of Moelis & Company in a report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $58.
33. Moelis & Company Trading Up 5.1 % Shares of Moelis & Company stock opened at $67.
35 on Monday. The company has a fifty day simple moving average of $64.10 and a 200-day simple moving average of $57.
77. Moelis & Company has a 12-month low of $38.58 and a 12-month high of $70.
00. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of -354.
47 and a beta of 1.33. Moelis & Company ( NYSE:MC – Get Free Report ) last issued its earnings results on Wednesday, July 24th.
The asset manager reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.
07. Moelis & Company had a net margin of 1.38% and a return on equity of 4.
38%. The business had revenue of $264.59 million during the quarter, compared to analysts’ expectations of $227.
90 million. During the same quarter in the prior year, the business posted ($0.04) EPS.
The company’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, analysts forecast that Moelis & Company will post 1.
09 earnings per share for the current fiscal year. Moelis & Company Announces Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Monday, August 5th will be given a $0.
60 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.
40 annualized dividend and a yield of 3.56%. Moelis & Company’s dividend payout ratio (DPR) is -1,263.
16%. Insider Activity at Moelis & Company In related news, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $69.
29, for a total value of $34,298.55. Following the completion of the sale, the director now owns 9,372 shares in the company, valued at approximately $649,385.
88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . In other Moelis & Company news, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction on Wednesday, July 31st.
The shares were sold at an average price of $69.29, for a total transaction of $34,298.55.
Following the completion of the transaction, the director now owns 9,372 shares in the company, valued at approximately $649,385.88. The sale was disclosed in a legal filing 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 transaction of $430,272.
00. The disclosure for this sale can be found here . Insiders sold a total of 12,526 shares of company stock worth $830,133 in the last 90 days.
6.40% of the stock is owned by insiders. Moelis & Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding MC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moelis & Company ( NYSE:MC – Free Report ).
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