Moelis & Company $MC Stock Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Moelis & Company (NYSE:MC) by 22.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 503,899 shares of the asset manager’s stock after purchasing an additional 91,746 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Moelis & Company were worth $28,984,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wasatch Advisors LP increased its position in shares of Moelis & Company by 9.0% in the first quarter. Wasatch Advisors LP now owns 3,742,624 shares of the asset manager’s stock worth $213,330,000 after acquiring an additional 310,001 shares in the last quarter. Madison Asset Management LLC raised its stake in shares of Moelis & Company by 45.6% in the 1st quarter. Madison Asset Management LLC now owns 1,773,735 shares of the asset manager’s stock valued at $101,103,000 after acquiring an additional 555,557 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Moelis & Company by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,277,774 shares of the asset manager’s stock valued at $72,825,000 after acquiring an additional 61,130 shares during the period. Bank of America Corp DE lifted its holdings in shares of Moelis & Company by 0.9% during the 1st quarter. Bank of America Corp DE now owns 693,812 shares of the asset manager’s stock valued at $39,547,000 after acquiring an additional 6,112 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Moelis & Company by 43.1% during the 1st quarter. Royal Bank of Canada now owns 649,724 shares of the asset manager’s stock valued at $37,035,000 after acquiring an additional 195,752 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Stock Up 1.9%

NYSE MC opened at $55.27 on Friday. The stock has a market cap of $4.33 billion, a PE ratio of 19.26, a P/E/G ratio of 0.81 and a beta of 1.91. Moelis & Company has a fifty-two week low of $51.06 and a fifty-two week high of $78.22. The business has a 50 day moving average price of $62.77 and a two-hundred day moving average price of $64.79.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, July 29th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The company had revenue of $409.39 million during the quarter, compared to the consensus estimate of $387.27 million. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. Moelis & Company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Sell-side analysts anticipate that Moelis & Company will post 2.99 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, August 10th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Monday, August 10th. Moelis & Company’s payout ratio is presently 90.59%.

Wall Street Analysts Forecast Growth

MC has been the subject of a number of research reports. Zacks Research raised shares of Moelis & Company from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen raised Moelis & Company from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. UBS Group raised Moelis & Company from a “sell” rating to a “neutral” rating and cut their price objective for the company from $60.00 to $59.00 in a research report on Wednesday, October 7th. Keefe, Bruyette & Woods upgraded Moelis & Company from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 7th. Finally, Morgan Stanley reduced their price objective on Moelis & Company from $85.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $71.00.

Insider Buying and Selling at Moelis & Company

In other news, Director Kenneth Shropshire sold 1,881 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $69.06, for a total value of $129,901.86. Following the completion of the transaction, the director directly owned 7,633 shares in the company, valued at approximately $527,134.98. This represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Osamu Watanabe sold 4,850 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $69.30, for a total transaction of $336,105.00. Following the sale, the general counsel directly owned 131 shares of the company’s stock, valued at approximately $9,078.30. The trade was a 97.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 6.29% of the stock is currently owned by corporate insiders.

Moelis & Company Company Profile

Moelis & Company (NYSE:MC) is an independent global investment bank that provides strategic and financial advisory services to corporations, financial sponsors, governments and other institutions. The firm advises clients on mergers and acquisitions, divestitures, recapitalizations, restructurings, liability management, capital raising and other complex financial transactions.

Moelis & Company serves clients across a range of industries, including technology, media and telecommunications; consumer and retail; energy and infrastructure; financial services; healthcare; industrials; and real estate.