UBS Asset Management Americas Inc. raised its holdings in Moelis & Company (NYSE:MC) by 46.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,340 shares of the asset manager’s stock after purchasing an additional 8,381 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Moelis & Company were worth $1,277,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Victory Capital Management Inc. boosted its holdings in shares of Moelis & Company by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 18,252 shares of the asset manager’s stock valued at $885,000 after purchasing an additional 1,106 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Moelis & Company by 19.2% in the 3rd quarter. Legal & General Group Plc now owns 7,662 shares of the asset manager’s stock valued at $330,000 after purchasing an additional 1,235 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Moelis & Company by 69.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,523 shares of the asset manager’s stock valued at $152,000 after purchasing an additional 1,442 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its holdings in shares of Moelis & Company by 1.5% in the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 137,861 shares of the asset manager’s stock valued at $5,935,000 after purchasing an additional 2,103 shares in the last quarter. Finally, Cypress Capital Management LLC WY boosted its holdings in shares of Moelis & Company by 17.3% in the 4th quarter. Cypress Capital Management LLC WY now owns 16,425 shares of the asset manager’s stock valued at $797,000 after purchasing an additional 2,425 shares in the last quarter. 54.79% of the stock is currently owned by hedge funds and other institutional investors.

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MC has been the topic of a number of research analyst reports. Zacks Investment Research raised Moelis & Company from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, November 29th. ValuEngine raised Moelis & Company from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Bank of America increased their price target on Moelis & Company from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Finally, Morgan Stanley increased their price target on Moelis & Company from $49.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Moelis & Company currently has a consensus rating of “Buy” and a consensus price target of $50.67.

Moelis & Company (NYSE:MC) opened at $50.85 on Friday. Moelis & Company has a 12 month low of $34.60 and a 12 month high of $54.60. The company has a market capitalization of $2,978.21, a price-to-earnings ratio of 23.58, a PEG ratio of 1.35 and a beta of 1.75.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. Moelis & Company had a return on equity of 47.12% and a net margin of 4.29%. The company had revenue of $169.17 million during the quarter, compared to analysts’ expectations of $160.22 million. During the same period in the prior year, the company earned $0.66 EPS. Moelis & Company’s revenue was down 17.3% compared to the same quarter last year. equities analysts expect that Moelis & Company will post 2.73 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 7th. Stockholders of record on Tuesday, February 20th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.70%. This is a boost from Moelis & Company’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, February 16th. Moelis & Company’s dividend payout ratio is presently 237.98%.

In other news, Vice Chairman J Richard Leaman III sold 15,572 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $50.00, for a total value of $778,600.00. Following the completion of the transaction, the insider now directly owns 31,142 shares in the company, valued at approximately $1,557,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Navid Mahmoodzadegan sold 33,468 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $51.42, for a total value of $1,720,924.56. The disclosure for this sale can be found here. Insiders sold a total of 138,393 shares of company stock valued at $6,999,369 over the last quarter. 52.64% of the stock is owned by corporate insiders.

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About Moelis & Company

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

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

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