Moelis & Company $MC Shares Sold by Axiom Investors LLC DE

Axiom Investors LLC DE cut its holdings in shares of Moelis & Company (NYSE:MC) by 16.5% in the fourth quarter, HoldingsChannel reports. The firm owned 261,097 shares of the asset manager’s stock after selling 51,673 shares during the period. Axiom Investors LLC DE’s holdings in Moelis & Company were worth $17,948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MC. Norges Bank acquired a new position in Moelis & Company during the fourth quarter valued at $42,919,000. The Manufacturers Life Insurance Company increased its holdings in Moelis & Company by 1,161.8% in the second quarter. The Manufacturers Life Insurance Company now owns 661,594 shares of the asset manager’s stock valued at $41,231,000 after buying an additional 609,162 shares in the last quarter. Wasatch Advisors LP increased its holdings in Moelis & Company by 16.1% in the third quarter. Wasatch Advisors LP now owns 3,304,180 shares of the asset manager’s stock valued at $235,654,000 after buying an additional 458,575 shares in the last quarter. UBS Group AG increased its holdings in Moelis & Company by 50.0% in the third quarter. UBS Group AG now owns 681,668 shares of the asset manager’s stock valued at $48,617,000 after buying an additional 227,232 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Moelis & Company by 18.5% in the third quarter. HighTower Advisors LLC now owns 1,256,324 shares of the asset manager’s stock valued at $89,601,000 after buying an additional 196,030 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MC has been the subject of a number of recent analyst reports. Morgan Stanley cut their price objective on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Zacks Research cut shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Wall Street Zen cut shares of Moelis & Company from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. UBS Group cut their price objective on shares of Moelis & Company from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Finally, The Goldman Sachs Group cut their price objective 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. Two equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Moelis & Company presently has a consensus rating of “Hold” and an average price target of $71.89.

Moelis & Company Stock Up 3.1%

MC stock opened at $70.86 on Wednesday. The stock has a market capitalization of $5.57 billion, a P/E ratio of 25.49, a P/E/G ratio of 0.82 and a beta of 1.85. The firm has a 50-day simple moving average of $64.80 and a 200-day simple moving average of $65.76. Moelis & Company has a 52 week low of $51.06 and a 52 week high of $78.22.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, April 29th. The asset manager reported $0.50 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 return on equity of 38.94% and a net margin of 14.46%.The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 EPS. On average, analysts expect that Moelis & Company will post 3.17 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, May 11th will be paid 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 3.7%. Moelis & Company’s payout ratio is currently 93.53%.

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. 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.