Artisan Partners Limited Partnership Has $50.50 Million Position in Moelis & Company (NYSE:MC)

Artisan Partners Limited Partnership reduced its stake in shares of Moelis & Company (NYSE:MCFree Report) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,119,002 shares of the asset manager’s stock after selling 37,850 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Moelis & Company were worth $50,501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Capital Advisors Group LLC. acquired a new position in Moelis & Company in the second quarter valued at about $26,000. Tower Research Capital LLC TRC grew its stake in Moelis & Company by 380.1% in the first quarter. Tower Research Capital LLC TRC now owns 1,378 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 1,091 shares during the period. Covestor Ltd grew its stake in Moelis & Company by 230.3% in the first quarter. Covestor Ltd now owns 1,539 shares of the asset manager’s stock valued at $72,000 after acquiring an additional 1,073 shares during the period. Bessemer Group Inc. grew its stake in Moelis & Company by 31.2% in the second quarter. Bessemer Group Inc. now owns 1,809 shares of the asset manager’s stock valued at $82,000 after acquiring an additional 430 shares during the period. Finally, Strs Ohio grew its stake in Moelis & Company by 28.6% in the third quarter. Strs Ohio now owns 3,600 shares of the asset manager’s stock valued at $162,000 after acquiring an additional 800 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MC shares. Morgan Stanley reduced their target price on shares of Moelis & Company from $39.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, November 3rd. The Goldman Sachs Group upped their target price on shares of Moelis & Company from $41.00 to $47.00 and gave the stock a “sell” rating in a research note on Tuesday, December 19th. StockNews.com raised shares of Moelis & Company from a “sell” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Moelis & Company from $46.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $56.00 target price on shares of Moelis & Company in a research note on Monday, January 29th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.60.

Get Our Latest Analysis on Moelis & Company

Moelis & Company Stock Performance

Shares of MC opened at $54.11 on Friday. Moelis & Company has a 12 month low of $33.87 and a 12 month high of $58.67. The firm has a fifty day simple moving average of $54.99 and a 200 day simple moving average of $48.60.

Moelis & Company (NYSE:MCGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.05. Moelis & Company had a negative return on equity of 3.72% and a negative net margin of 2.89%. The company had revenue of $214.90 million during the quarter, compared to the consensus estimate of $197.98 million. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts anticipate that Moelis & Company will post 1.59 earnings per share for the current year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, February 20th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend is Friday, February 16th. Moelis & Company’s dividend payout ratio is currently -666.67%.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, CEO Kenneth Moelis sold 19,675 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $41.66, for a total value of $819,660.50. Following the completion of the sale, the chief executive officer now owns 5,308 shares in the company, valued at $221,131.28. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.96% of the company’s stock.

About Moelis & Company

(Free Report)

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. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.

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

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