2 weeks Ago By ABMN Staff
Vanguard Personalized Indexing Management LLC boosted its position in shares of Moelis & Company ( NYSE:MC – Free Report ) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,390 shares of the asset manager’s stock after buying an additional 193 shares during the period.
Vanguard Personalized Indexing Management LLC’s holdings in Moelis & Company were worth $363,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MC. UMB Bank n.
a. boosted its stake in 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.
Hexagon Capital Partners LLC lifted its stake in shares of Moelis & Company by 147.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 392 shares during the last quarter.
Benjamin F. Edwards & Company Inc. lifted its stake in shares of Moelis & Company by 510.
2% in the 1st quarter. Benjamin F. Edwards & Company Inc.
now owns 836 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 699 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Moelis & Company by 22.
5% in the 4th quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock valued at $84,000 after purchasing an additional 276 shares during the last quarter.
Finally, Headlands Technologies LLC bought a new stake in shares of Moelis & Company in the 2nd quarter valued at approximately $113,000. 91.53% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In Several research firms have recently issued reports on MC. UBS Group raised 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. Wells Fargo & Company started coverage on Moelis & Company in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.
00 price target on the stock. JPMorgan Chase & Co. increased their price target on Moelis & Company from $50.
00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.
00 price target (up from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. Finally, Morgan Stanley increased their price target on Moelis & Company from $61.
00 to $67.00 and gave the stock an “underweight” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company.
According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.33.
Insider Transactions at Moelis & Company In other news, CFO Joseph Simon sold 6,723 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $64.00, for a total transaction of $430,272.
00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . In other Moelis & Company news, Director Kenneth Shropshire sold 495 shares of the stock in a transaction dated 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 transaction, the director now directly owns 9,372 shares of the company’s stock, valued at $649,385.88. The sale was disclosed in a filing with the SEC, which is available at this link .
Also, CFO Joseph Simon sold 6,723 shares of the firm’s stock in a transaction that occurred 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 . Over the last quarter, insiders sold 12,526 shares of company stock worth $830,133.
Company insiders own 6.40% of the company’s stock. Moelis & Company Stock Down 0.
4 % Shares of NYSE MC opened at $68.93 on Friday. The firm has a market cap of $5.
16 billion, a price-to-earnings ratio of -362.79 and a beta of 1.33.
Moelis & Company has a 52-week low of $38.58 and a 52-week high of $71.34.
The business’s 50 day moving average is $65.56 and its two-hundred day moving average is $58.86.
Moelis & Company ( NYSE:MC – Get Free Report ) last posted its earnings results on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, beating the consensus estimate of $0.
11 by $0.07. The firm 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.04) earnings per share.
Analysts anticipate that Moelis & Company will post 1.08 EPS for the current fiscal year. Moelis & Company Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th.
Shareholders of record on Monday, August 5th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 5th.
This represents a $2.40 annualized dividend and a yield of 3.48%.
Moelis & Company’s dividend payout ratio is presently -1,263.16%. About Moelis & Company ( 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 Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with MarketBeat.com's FREE daily email newsletter .
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