Vestmark Advisory Solutions Inc. Has $3.22 Million Position in Moelis & Company $MC

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Moelis & Company (NYSE:MC) by 46.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 51,623 shares of the asset manager’s stock after selling 44,693 shares during the period. Vestmark Advisory Solutions Inc. owned 0.07% of Moelis & Company worth $3,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versor Investments LP acquired a new stake in Moelis & Company in the first quarter worth about $1,432,000. Vanguard Group Inc. boosted its stake in shares of Moelis & Company by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 8,305,688 shares of the asset manager’s stock valued at $484,720,000 after purchasing an additional 158,373 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Moelis & Company by 32.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,356,893 shares of the asset manager’s stock valued at $137,548,000 after purchasing an additional 579,529 shares during the last quarter. Deutsche Bank AG grew its position in shares of Moelis & Company by 14.9% during the 1st quarter. Deutsche Bank AG now owns 293,408 shares of the asset manager’s stock worth $17,123,000 after buying an additional 37,964 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Moelis & Company by 21.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 33,294 shares of the asset manager’s stock worth $2,075,000 after buying an additional 5,819 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Stock Up 1.4%

MC opened at $63.79 on Friday. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $82.89. The company has a fifty day simple moving average of $69.73 and a 200 day simple moving average of $65.64. The stock has a market cap of $5.01 billion, a P/E ratio of 21.34 and a beta of 1.80.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.11. Moelis & Company had a return on equity of 47.11% and a net margin of 15.98%.The firm had revenue of $356.89 million for the quarter, compared to analyst estimates of $336.14 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, equities research analysts expect that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, November 10th. Moelis & Company’s payout ratio is 86.96%.

Insider Buying and Selling at Moelis & Company

In related news, Director Kenneth Shropshire sold 2,615 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $72.52, for a total value of $189,639.80. Following the completion of the transaction, the director directly owned 7,109 shares in the company, valued at approximately $515,544.68. The trade was a 26.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Zacks Research cut shares of Moelis & Company from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Moelis & Company in a research report on Thursday, October 9th. They issued a “buy” rating and a $80.00 price target on the stock. Seaport Res Ptn upgraded Moelis & Company from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Morgan Stanley increased their target price on Moelis & Company from $74.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Finally, BMO Capital Markets initiated coverage on Moelis & Company in a research report on Friday, October 3rd. They set a “market perform” rating and a $74.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $71.57.

Moelis & Company Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.