Diversify Advisory Services LLC Has $1.09 Million Stock Position in Moelis & Company (NYSE:MC)

Diversify Advisory Services LLC trimmed its stake in shares of Moelis & Company (NYSE:MC) by 59.1% in the fourth quarter, HoldingsChannel reports. The firm owned 15,278 shares of the asset manager’s stock after selling 22,077 shares during the quarter. Diversify Advisory Services LLC’s holdings in Moelis & Company were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Trust Point Inc. grew its holdings in Moelis & Company by 0.8% in the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock valued at $1,300,000 after buying an additional 147 shares in the last quarter. OneDigital Investment Advisors LLC raised its position in shares of Moelis & Company by 1.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock valued at $946,000 after buying an additional 172 shares in the last quarter. GAMMA Investing LLC lifted its stake in Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock worth $87,000 after purchasing an additional 180 shares during the last quarter. SkyView Investment Advisors LLC lifted its position in shares of Moelis & Company by 1.4% during the 2nd quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock worth $788,000 after buying an additional 188 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Moelis & Company by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock valued at $409,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Stock Performance

Shares of NYSE MC opened at $77.25 on Tuesday. The company’s 50 day moving average price is $74.78 and its 200-day moving average price is $69.37. Moelis & Company has a 52-week low of $46.24 and a 52-week high of $81.60. The company has a market capitalization of $5.79 billion, a P/E ratio of 145.76 and a beta of 1.39.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The business had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. During the same quarter in the previous year, the business earned ($0.15) earnings per share. Moelis & Company’s revenue for the quarter was up .6% on a year-over-year basis. Analysts forecast that Moelis & Company will post 1.02 earnings per share for the current year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.11%. The ex-dividend date was Monday, November 4th. Moelis & Company’s dividend payout ratio (DPR) is presently 452.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. UBS Group boosted their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Morgan Stanley upgraded shares of Moelis & Company from an “underweight” rating to an “overweight” rating and raised their price objective for the company from $66.00 to $92.00 in a report on Monday, December 9th. Keefe, Bruyette & Woods raised shares of Moelis & Company from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $71.00 to $86.00 in a report on Friday, December 20th. Finally, Wells Fargo & Company dropped their price target on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.67.

Moelis & Company Company Profile

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, as well as strategic, capital structure, and private funds advisory.