Diversify Advisory Services LLC Reduces Holdings in Moelis & Company (NYSE:MC)

Diversify Advisory Services LLC lessened its holdings in Moelis & Company (NYSE:MC) by 59.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,278 shares of the asset manager’s stock after selling 22,077 shares during the period. Diversify Advisory Services LLC’s holdings in Moelis & Company were worth $1,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MC. Trust Point Inc. raised its position in shares of Moelis & Company by 0.8% in the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock worth $1,300,000 after buying an additional 147 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of Moelis & Company by 1.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock valued at $946,000 after buying an additional 172 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock valued at $87,000 after acquiring an additional 180 shares during the period. SkyView Investment Advisors LLC grew its stake in shares of Moelis & Company by 1.4% in the second quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock worth $788,000 after purchasing an additional 188 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Moelis & Company by 2.7% during the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock worth $409,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Analyst Upgrades and Downgrades

MC has been the subject of several research reports. Morgan Stanley upgraded shares of Moelis & Company from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $92.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods raised shares of Moelis & Company from a “market perform” rating to an “outperform” rating and increased their price target for the company from $71.00 to $86.00 in a report on Friday, December 20th. Wells Fargo & Company cut their target price on Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, UBS Group raised their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Moelis & Company presently has a consensus rating of “Hold” and a consensus price target of $70.67.

Moelis & Company Trading Up 0.9 %

MC opened at $77.25 on Tuesday. The firm has a 50-day moving average price of $74.78 and a two-hundred day moving average price of $69.37. Moelis & Company has a 1-year low of $46.24 and a 1-year high of $81.60. The stock has a market capitalization of $5.79 billion, a PE ratio of 145.76 and a beta of 1.39.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The business had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. During the same period in the prior year, the business posted ($0.15) earnings per share. Moelis & Company’s revenue was up .6% compared to the same quarter last year. On average, research analysts predict that Moelis & Company will post 1.02 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date 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.