Bank of New York Mellon Corp increased its position in Moelis & Co. (NYSE:MC) by 3.5% during the second quarter, Holdings Channel reports. The fund owned 104,539 shares of the company’s stock after buying an additional 3,575 shares during the period. Bank of New York Mellon Corp owned about 0.69% of Moelis & Co. worth $2,353,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in MC. Legal & General Group Plc boosted its stake in shares of Moelis & Co. by 86.3% in the first quarter. Legal & General Group Plc now owns 3,519 shares of the company’s stock worth $100,000 after buying an additional 1,630 shares during the period. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Moelis & Co. during the first quarter worth $577,000. Strs Ohio boosted its stake in shares of Moelis & Co. by 11.0% in the second quarter. Strs Ohio now owns 27,200 shares of the company’s stock worth $612,000 after buying an additional 2,700 shares during the period. Spark Investment Management LLC boosted its stake in shares of Moelis & Co. by 431.3% in the first quarter. Spark Investment Management LLC now owns 59,500 shares of the company’s stock worth $1,679,000 after buying an additional 48,300 shares during the period. Finally, UBS Group AG boosted its stake in shares of Moelis & Co. by 29.7% in the first quarter. UBS Group AG now owns 68,649 shares of the company’s stock worth $1,938,000 after buying an additional 15,709 shares during the period. 84.45% of the stock is owned by institutional investors.
Moelis & Co. (NYSE:MC) traded down 0.72% on Tuesday, reaching $26.13. 45,902 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $26.39 and a 200 day moving average price of $26.30. The stock has a market cap of $538.25 million, a price-to-earnings ratio of 15.56 and a beta of 1.73. Moelis & Co. has a 12-month low of $21.91 and a 12-month high of $31.84.
Moelis & Co. (NYSE:MC) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. Moelis & Co. had a net margin of 6.01% and a return on equity of 35.37%. The business earned $131.70 million during the quarter, compared to analyst estimates of $131.44 million. During the same quarter in the previous year, the business posted $0.37 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Analysts forecast that Moelis & Co. will post $1.66 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were issued a $0.30 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.20 annualized dividend and a dividend yield of 4.56%. Moelis & Co.’s dividend payout ratio is currently 81.53%.
MC has been the topic of a number of recent analyst reports. Morgan Stanley reiterated a “buy” rating on shares of Moelis & Co. in a report on Tuesday, June 7th. Zacks Investment Research upgraded shares of Moelis & Co. from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Tuesday. Finally, Credit Suisse Group AG reiterated a “hold” rating on shares of Moelis & Co. in a report on Tuesday, June 28th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Moelis & Co. has a consensus rating of “Buy” and a consensus target price of $31.00.
Moelis & Co. Company Profile
Moelis & Company is an investment banking advisory firm. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. The Company advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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