Savant Capital LLC Has $1.26 Million Stock Holdings in Moelis & Company $MC

Savant Capital LLC increased its position in shares of Moelis & Company (NYSE:MC) by 261.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,199 shares of the asset manager’s stock after acquiring an additional 14,610 shares during the quarter. Savant Capital LLC’s holdings in Moelis & Company were worth $1,259,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MC. Versor Investments LP acquired a new stake in Moelis & Company during the 1st quarter worth $1,432,000. Vanguard Group Inc. grew its stake in Moelis & Company by 1.9% in the first quarter. Vanguard Group Inc. now owns 8,305,688 shares of the asset manager’s stock valued at $484,720,000 after acquiring an additional 158,373 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Moelis & Company by 32.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,356,893 shares of the asset manager’s stock worth $137,548,000 after acquiring an additional 579,529 shares in the last quarter. Deutsche Bank AG raised its position in shares of Moelis & Company by 14.9% during the first quarter. Deutsche Bank AG now owns 293,408 shares of the asset manager’s stock worth $17,123,000 after purchasing an additional 37,964 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Moelis & Company by 21.2% during the second quarter. State of New Jersey Common Pension Fund D now owns 33,294 shares of the asset manager’s stock worth $2,075,000 after purchasing an additional 5,819 shares during the period. Institutional investors own 91.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Moelis & Company in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their price target on shares of Moelis & Company from $80.00 to $78.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley increased their price objective on shares of Moelis & Company from $74.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. BMO Capital Markets started coverage on shares of Moelis & Company in a report on Friday, October 3rd. They set a “market perform” rating and a $74.00 price objective on the stock. Finally, Seaport Res Ptn raised shares of Moelis & Company from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Moelis & Company presently has an average rating of “Hold” and a consensus target price of $71.57.

Moelis & Company Price Performance

Shares of NYSE:MC opened at $65.28 on Thursday. The company’s 50-day moving average price is $69.31 and its two-hundred day moving average price is $65.89. Moelis & Company has a one year low of $47.00 and a one year high of $82.89. The stock has a market capitalization of $5.11 billion, a PE ratio of 21.83 and a beta of 1.80.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, October 29th. The asset manager reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.11. Moelis & Company had a return on equity of 47.11% and a net margin of 15.98%.The company had revenue of $356.89 million during the quarter, compared to analysts’ expectations of $336.14 million. During the same quarter last year, the company earned $0.22 EPS. Moelis & Company’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 10th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $2.60 annualized dividend and a dividend yield of 4.0%. Moelis & Company’s payout ratio is 86.96%.

Insider Activity

In other news, Director Kenneth Shropshire sold 2,615 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $72.52, for a total value of $189,639.80. Following the completion of the sale, the director owned 7,109 shares of the company’s stock, valued at approximately $515,544.68. This represents a 26.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.40% of the stock is currently owned by corporate insiders.

Moelis & Company 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.