Rhumbline Advisers raised its stake in shares of Moelis & Co (NYSE:MC) by 32.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 37,470 shares of the asset manager’s stock after purchasing an additional 9,192 shares during the period. Rhumbline Advisers owned 0.07% of Moelis & Co worth $2,198,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in Moelis & Co by 429.3% during the second quarter. Advisory Services Network LLC now owns 1,588 shares of the asset manager’s stock valued at $101,000 after purchasing an additional 1,288 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Moelis & Co in the first quarter worth about $210,000. Bayesian Capital Management LP bought a new position in shares of Moelis & Co in the first quarter worth about $213,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Moelis & Co in the first quarter worth about $217,000. Finally, Atria Investments LLC bought a new position in shares of Moelis & Co in the first quarter worth about $218,000. 69.33% of the stock is owned by institutional investors and hedge funds.

NYSE MC opened at $56.75 on Wednesday. The stock has a market capitalization of $3.18 billion, a PE ratio of 24.78 and a beta of 1.68. Moelis & Co has a twelve month low of $39.55 and a twelve month high of $67.65.

Moelis & Co (NYSE:MC) last released its quarterly earnings data on Monday, July 23rd. The asset manager reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.21. The firm had revenue of $220.41 million during the quarter, compared to analyst estimates of $183.64 million. Moelis & Co had a return on equity of 50.56% and a net margin of 8.14%. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. research analysts forecast that Moelis & Co will post 2.76 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Thursday, August 2nd will be given a $0.47 dividend. The ex-dividend date is Wednesday, August 1st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.31%. Moelis & Co’s dividend payout ratio is currently 82.10%.

A number of equities analysts have recently weighed in on the company. ValuEngine lowered Moelis & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Zacks Investment Research raised Moelis & Co from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Friday, July 27th. Bank of America upped their price objective on Moelis & Co from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Morgan Stanley lowered Moelis & Co from an “overweight” rating to an “equal weight” rating and set a $63.00 price objective for the company. in a research note on Thursday, June 21st. They noted that the move was a valuation call. Finally, Buckingham Research upped their price objective on Moelis & Co from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Monday, June 4th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $62.17.

In related news, Director Kenneth Shropshire sold 1,500 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $57.85, for a total value of $86,775.00. Following the sale, the director now directly owns 4,968 shares in the company, valued at $287,398.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 29.91% of the stock is currently owned by insiders.

Moelis & Co Company Profile

Moelis & Company is a global investment bank. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. The firm's expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.

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Institutional Ownership by Quarter for Moelis & Co (NYSE:MC)

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