Captrust Financial Advisors Raises Holdings in Moelis & Company (NYSE:MC)

Captrust Financial Advisors increased its holdings in Moelis & Company (NYSE:MC) by 31.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,458 shares of the asset manager’s stock after purchasing an additional 1,306 shares during the quarter. Captrust Financial Advisors’ holdings in Moelis & Company were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. SG Americas Securities LLC lifted its position in shares of Moelis & Company by 42.9% during the second quarter. SG Americas Securities LLC now owns 6,007 shares of the asset manager’s stock valued at $342,000 after buying an additional 1,804 shares during the last quarter. Raymond James & Associates grew its holdings in Moelis & Company by 2.0% in the second quarter. Raymond James & Associates now owns 370,866 shares of the asset manager’s stock worth $21,087,000 after purchasing an additional 7,198 shares during the last quarter. &PARTNERS acquired a new position in shares of Moelis & Company during the second quarter worth $517,000. Louisiana State Employees Retirement System lifted its holdings in shares of Moelis & Company by 7.3% during the 2nd quarter. Louisiana State Employees Retirement System now owns 35,400 shares of the asset manager’s stock valued at $2,013,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its position in shares of Moelis & Company by 0.3% in the 2nd quarter. Tributary Capital Management LLC now owns 436,542 shares of the asset manager’s stock worth $24,822,000 after purchasing an additional 1,159 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MC shares. Wells Fargo & Company increased their price target on Moelis & Company from $70.00 to $78.00 and gave the company an “equal weight” rating in a research note on Thursday. UBS Group increased their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley raised shares of Moelis & Company from an “underweight” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and an average price target of $66.50.

Moelis & Company Stock Down 1.5 %

Shares of NYSE MC opened at $73.94 on Friday. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $81.60. The business’s 50 day moving average price is $72.47 and its 200 day moving average price is $65.62. The firm has a market cap of $5.54 billion, a P/E ratio of 139.51 and a beta of 1.37.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $273.76 million for the quarter, compared to the consensus estimate of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) EPS. As a group, research analysts expect that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, November 4th. Moelis & Company’s dividend payout ratio is currently 452.83%.

Moelis & Company Company Profile

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.