London Co. of Virginia Decreases Stake in Moelis & Company $MC

London Co. of Virginia reduced its stake in Moelis & Company (NYSE:MCFree Report) by 6.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,061,979 shares of the asset manager’s stock after selling 203,899 shares during the period. London Co. of Virginia’s holdings in Moelis & Company were worth $210,481,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MC. V Square Quantitative Management LLC purchased a new position in Moelis & Company in the 4th quarter worth approximately $27,000. Hantz Financial Services Inc. increased its stake in Moelis & Company by 64.4% in the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after purchasing an additional 163 shares during the period. Allworth Financial LP increased its stake in Moelis & Company by 153.9% in the 3rd quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock worth $30,000 after purchasing an additional 254 shares during the period. eCIO Inc. purchased a new position in Moelis & Company in the 4th quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC increased its stake in Moelis & Company by 89.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock worth $37,000 after purchasing an additional 282 shares during the period. 91.53% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MC shares. Wall Street Zen lowered Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Morgan Stanley cut their price objective on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. UBS Group cut their price objective on Moelis & Company from $59.00 to $58.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Keefe, Bruyette & Woods dropped their price target on Moelis & Company from $80.00 to $64.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group dropped their price target on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $71.89.

Get Our Latest Analysis on Moelis & Company

Moelis & Company Trading Up 0.8%

Shares of NYSE:MC opened at $69.61 on Wednesday. The stock has a fifty day simple moving average of $66.03 and a two-hundred day simple moving average of $65.95. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 0.83 and a beta of 1.85. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22.

Moelis & Company (NYSE:MCGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The company had revenue of $319.78 million for the quarter, compared to analysts’ expectations of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.64 EPS. As a group, equities research analysts predict that Moelis & Company will post 3.17 EPS for the current year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, May 11th will be paid a $0.65 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.60 annualized dividend and a dividend yield of 3.7%. Moelis & Company’s payout ratio is currently 93.53%.

About Moelis & Company

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Moelis & Company (NYSE:MCFree Report).

Institutional Ownership by Quarter for Moelis & Company (NYSE:MC)

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