Metropolitan Life Insurance Co. NY grew its stake in Moelis & Co (NYSE:MC) by 22.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,677 shares of the asset manager’s stock after acquiring an additional 2,366 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Moelis & Co were worth $744,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Moelis & Co by 46.3% in the second quarter. BlackRock Inc. now owns 5,351,438 shares of the asset manager’s stock valued at $313,861,000 after acquiring an additional 1,694,763 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Moelis & Co by 9.4% in the first quarter. JPMorgan Chase & Co. now owns 1,583,631 shares of the asset manager’s stock valued at $80,528,000 after acquiring an additional 135,821 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Moelis & Co by 14.8% in the second quarter. Jennison Associates LLC now owns 1,362,542 shares of the asset manager’s stock valued at $79,913,000 after acquiring an additional 175,631 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Moelis & Co by 3.0% in the second quarter. Bank of America Corp DE now owns 1,257,374 shares of the asset manager’s stock valued at $73,745,000 after acquiring an additional 36,147 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Moelis & Co by 556.9% in the first quarter. Wells Fargo & Company MN now owns 1,005,203 shares of the asset manager’s stock valued at $51,115,000 after acquiring an additional 852,188 shares in the last quarter. Institutional investors and hedge funds own 69.31% of the company’s stock.

Several analysts have recently issued reports on MC shares. Zacks Investment Research downgraded Moelis & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, June 13th. Buckingham Research upped their price objective on Moelis & Co from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Monday, June 4th. ValuEngine downgraded Moelis & Co from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Bank of America upped their price objective on Moelis & Co from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, Morgan Stanley downgraded Moelis & Co from an “overweight” rating to an “equal weight” rating and set a $63.00 target price on the stock. in a research report on Thursday, June 21st. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $62.17.

NYSE MC opened at $57.15 on Wednesday. Moelis & Co has a twelve month low of $41.20 and a twelve month high of $67.65. The stock has a market cap of $3.22 billion, a P/E ratio of 24.96 and a beta of 1.68.

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

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 12th. Investors of record on Thursday, August 2nd were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, August 1st. This represents a $1.88 annualized dividend and a yield of 3.29%. Moelis & Co’s dividend payout ratio (DPR) is presently 82.10%.

In related news, Director Kenneth Shropshire sold 1,500 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $57.85, for a total transaction of $86,775.00. Following the transaction, 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 accessible through this link. Corporate insiders own 29.91% of the company’s stock.

About Moelis & Co

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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