Rothschild Asset Management Inc. Has $12.47 Million Position in Moelis & Company (MC)
Rothschild Asset Management Inc. raised its stake in shares of Moelis & Company (NYSE:MC) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 321,030 shares of the asset manager’s stock after buying an additional 10,841 shares during the period. Rothschild Asset Management Inc.’s holdings in Moelis & were worth $12,472,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in Moelis & by 7.5% in the fourth quarter. State Street Corp now owns 325,602 shares of the asset manager’s stock valued at $11,038,000 after buying an additional 22,706 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Moelis & by 46.1% in the first quarter. Ameriprise Financial Inc. now owns 809,874 shares of the asset manager’s stock valued at $31,182,000 after buying an additional 255,669 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new stake in Moelis & during the first quarter valued at about $39,733,000. James Investment Research Inc. acquired a new stake in Moelis & during the first quarter valued at about $2,082,000. Finally, Goldman Sachs Group Inc. raised its stake in Moelis & by 150.1% in the first quarter. Goldman Sachs Group Inc. now owns 136,424 shares of the asset manager’s stock valued at $5,252,000 after buying an additional 81,877 shares during the last quarter. 90.89% of the stock is owned by institutional investors and hedge funds.
Moelis & Company (MC) opened at 40.05 on Monday. The firm’s 50-day moving average is $39.40 and its 200-day moving average is $37.44. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 17.90 and a beta of 1.87. Moelis & Company has a 52-week low of $23.60 and a 52-week high of $44.85.
Moelis & (NYSE:MC) last announced its quarterly earnings results on Monday, July 24th. The asset manager reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.15. The firm had revenue of $172.10 million during the quarter, compared to analysts’ expectations of $156.85 million. Moelis & had a net margin of 8.50% and a return on equity of 52.98%. The company’s revenue for the quarter was up 30.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. Analysts forecast that Moelis & Company will post $2.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, August 1st. Moelis &’s dividend payout ratio is currently 74.00%.
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MC has been the subject of several analyst reports. Zacks Investment Research lowered shares of Moelis & from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Keefe, Bruyette & Woods began coverage on shares of Moelis & in a research note on Friday, May 5th. They issued a “mkt perform” rating for the company. ValuEngine raised shares of Moelis & from a “hold” rating to a “buy” rating in a research report on Thursday, June 1st. Morgan Stanley boosted their target price on shares of Moelis & from $39.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 25th. Finally, BidaskClub raised shares of Moelis & from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $39.22.
In other Moelis & news, Chairman Kenneth Moelis sold 15,000 shares of the stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $37.46, for a total value of $561,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 64.47% of the company’s stock.
Moelis & Company Profile
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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