Knights of Columbus Asset Advisors LLC bought a new position in Moelis & Company (NYSE:MC – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 29,635 shares of the asset manager’s stock, valued at approximately $2,037,000.
Several other institutional investors and hedge funds have also made changes to their positions in MC. Integrated Wealth Concepts LLC lifted its position in Moelis & Company by 9.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager’s stock worth $280,000 after buying an additional 432 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Moelis & Company by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,080 shares of the asset manager’s stock valued at $2,456,000 after buying an additional 1,839 shares in the last quarter. United Services Automobile Association purchased a new stake in Moelis & Company in the 1st quarter valued at $264,000. Empowered Funds LLC increased its stake in shares of Moelis & Company by 37.6% in the 1st quarter. Empowered Funds LLC now owns 42,828 shares of the asset manager’s stock worth $2,499,000 after acquiring an additional 11,692 shares during the last quarter. Finally, Creative Planning increased its stake in shares of Moelis & Company by 14.2% in the 2nd quarter. Creative Planning now owns 6,639 shares of the asset manager’s stock worth $414,000 after acquiring an additional 827 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.
Moelis & Company Price Performance
NYSE MC opened at $66.92 on Friday. The firm’s 50-day moving average is $62.51 and its two-hundred day moving average is $65.42. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22. The stock has a market capitalization of $5.26 billion, a P/E ratio of 24.07, a PEG ratio of 0.79 and a beta of 1.87.
Moelis & Company Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, May 11th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.9%. Moelis & Company’s dividend payout ratio (DPR) is presently 93.53%.
Analyst Ratings Changes
Several research firms have recently commented on MC. Morgan Stanley reduced their price target on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Weiss Ratings cut shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. Wall Street Zen lowered shares of Moelis & Company from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. The Goldman Sachs Group cut their price target on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Finally, Zacks Research cut Moelis & Company from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Moelis & Company currently has an average rating of “Hold” and a consensus target price of $71.89.
Get Our Latest Analysis on Moelis & Company
About Moelis & Company
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.
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