Vanguard Personalized Indexing Management LLC Grows Holdings in Moelis & Company (NYSE:MC)

Vanguard Personalized Indexing Management LLC increased its position in shares of Moelis & Company (NYSE:MC) by 3.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor 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.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Natixis Advisors LLC increased its position in shares of Moelis & Company by 179.2% in the 2nd quarter. Natixis Advisors LLC now owns 708,140 shares of the asset manager’s stock worth $40,265,000 after purchasing an additional 454,478 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Moelis & Company by 11.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,374,385 shares of the asset manager’s stock valued at $189,404,000 after buying an additional 334,620 shares during the last quarter. Azora Capital LP bought a new stake in shares of Moelis & Company during the 4th quarter valued at about $10,601,000. Wasatch Advisors LP grew its position in shares of Moelis & Company by 4.9% during the 1st quarter. Wasatch Advisors LP now owns 3,417,643 shares of the asset manager’s stock valued at $194,020,000 after buying an additional 159,797 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Moelis & Company during the 1st quarter valued at about $5,062,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Analysts Set New Price Targets

MC has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Moelis & Company from $61.00 to $67.00 and gave the company an “underweight” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. UBS Group boosted their target price on shares of 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 began coverage on shares of Moelis & Company in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 target price for the company. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 target price (up from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.33.

Moelis & Company Trading Down 0.4 %

NYSE:MC opened at $68.93 on Friday. Moelis & Company has a 1 year low of $38.58 and a 1 year high of $71.34. The firm’s fifty day simple moving average is $65.56 and its 200 day simple moving average is $58.86. The firm has a market capitalization of $5.16 billion, a PE ratio of -362.79 and a beta of 1.33.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.07. The company had revenue of $264.59 million for the quarter, compared to analyst estimates of $227.90 million. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. The business’s quarterly revenue was up 47.1% on a year-over-year basis. During the same period last year, the business posted ($0.04) EPS. As a group, analysts anticipate that Moelis & Company will post 1.08 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, August 5th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, August 5th. Moelis & Company’s payout ratio is -1,263.16%.

Insider Transactions at Moelis & Company

In related news, Director Kenneth Shropshire sold 495 shares of Moelis & Company stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total transaction 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 approximately $649,385.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Kenneth Moelis sold 5,308 shares of Moelis & Company stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total transaction of $365,561.96. Following the completion of the sale, the chief executive officer now owns 86 shares in the company, valued at approximately $5,922.82. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Kenneth Shropshire sold 495 shares of Moelis & Company stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $69.29, for a total transaction of $34,298.55. Following the sale, the director now owns 9,372 shares of the company’s stock, valued at approximately $649,385.88. The disclosure for this sale can be found here. In the last three months, insiders sold 12,526 shares of company stock valued at $830,133. Company insiders own 6.40% of the company’s stock.

About Moelis & Company

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.