Tudor Investment Corp ET AL Makes New Investment in Moelis & Company $MC

Tudor Investment Corp ET AL purchased a new position in shares of Moelis & Company (NYSE:MC) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 80,173 shares of the asset manager’s stock, valued at approximately $5,718,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Impact Capital Partners LLC increased its holdings in Moelis & Company by 1.2% during the 3rd quarter. Impact Capital Partners LLC now owns 12,000 shares of the asset manager’s stock valued at $856,000 after acquiring an additional 147 shares in the last quarter. Moran Wealth Management LLC increased its holdings in Moelis & Company by 0.4% during the 3rd quarter. Moran Wealth Management LLC now owns 37,988 shares of the asset manager’s stock valued at $2,709,000 after acquiring an additional 156 shares in the last quarter. Private Trust Co. NA increased its holdings in Moelis & Company by 44.0% during the 3rd quarter. Private Trust Co. NA now owns 599 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 183 shares in the last quarter. Bessemer Group Inc. increased its holdings in Moelis & Company by 89.8% during the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 184 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in Moelis & Company by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 69,155 shares of the asset manager’s stock valued at $4,310,000 after acquiring an additional 209 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Insider Activity

In other Moelis & Company news, General Counsel Osamu R. Watanabe sold 2,765 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $62.23, for a total transaction of $172,065.95. Following the sale, the general counsel directly owned 4,981 shares of the company’s stock, valued at $309,967.63. This trade represents a 35.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Moelis & Company from $80.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. Bank of America assumed coverage on shares of Moelis & Company in a report on Monday, January 26th. They set a “neutral” rating and a $81.00 target price for the company. Morgan Stanley raised their target price on shares of Moelis & Company from $89.00 to $90.00 and gave the company an “overweight” rating in a report on Thursday, February 5th. UBS Group dropped their target price on shares of Moelis & Company from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Moelis & Company from $80.00 to $64.00 and set a “market perform” rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and an average target price of $72.67.

Moelis & Company Price Performance

Moelis & Company stock opened at $61.39 on Thursday. Moelis & Company has a 12-month low of $47.00 and a 12-month high of $78.22. The stock has a market capitalization of $4.77 billion, a P/E ratio of 20.88, a P/E/G ratio of 0.60 and a beta of 1.87. The firm’s 50-day moving average is $60.59 and its two-hundred day moving average is $66.01.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, February 4th. The asset manager reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.37. Moelis & Company had a net margin of 15.36% and a return on equity of 41.67%. The company had revenue of $487.94 million for the quarter, compared to analysts’ expectations of $430.17 million. During the same period last year, the company earned $1.18 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, analysts forecast that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, February 17th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, February 17th. Moelis & Company’s dividend payout ratio (DPR) is currently 88.44%.

Moelis & 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.