Dimensional Fund Advisors LP Increases Stake in Moelis & Company $MC

Dimensional Fund Advisors LP lifted its position in Moelis & Company (NYSE:MC) by 5.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,277,774 shares of the asset manager’s stock after acquiring an additional 61,130 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Moelis & Company were worth $72,825,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC grew its holdings in Moelis & Company by 9.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager’s stock valued at $280,000 after purchasing an additional 432 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Moelis & Company by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,080 shares of the asset manager’s stock valued at $2,456,000 after buying an additional 1,839 shares during the period. United Services Automobile Association purchased a new position in shares of Moelis & Company during the first quarter valued at approximately $264,000. Empowered Funds LLC grew its stake in shares of Moelis & Company by 37.6% during the first quarter. Empowered Funds LLC now owns 42,828 shares of the asset manager’s stock valued at $2,499,000 after buying an additional 11,692 shares during the last quarter. Finally, Creative Planning grew its stake in shares of Moelis & Company by 14.2% during the second quarter. Creative Planning now owns 6,639 shares of the asset manager’s stock valued at $414,000 after buying an additional 827 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised Moelis & Company from a “sell” rating to a “hold” rating in a research note on Saturday. UBS Group reiterated a “sell” rating and set a $60.00 target price (up from $58.00) on shares of Moelis & Company in a research report on Wednesday, July 8th. Morgan Stanley boosted their target price on shares of Moelis & Company from $83.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday. Zacks Research upgraded shares of Moelis & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings downgraded shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $73.62.

Moelis & Company Stock Down 1.9%

Moelis & Company stock opened at $67.08 on Friday. The business has a fifty day moving average of $67.25 and a two-hundred day moving average of $65.31. The firm has a market cap of $5.27 billion, a P/E ratio of 23.37, a P/E/G ratio of 0.87 and a beta of 1.85. Moelis & Company has a twelve month low of $51.06 and a twelve month high of $78.22.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Moelis & Company had a return on equity of 39.61% and a net margin of 14.50%.The business had revenue of $409.39 million for the quarter, compared to the consensus estimate of $387.27 million. During the same period last year, the business posted $0.53 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Equities analysts expect that Moelis & Company will post 3.17 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 10th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.60 dividend on an annualized basis and a yield of 3.9%. Moelis & Company’s dividend payout ratio (DPR) is presently 90.59%.

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.