Yousif Capital Management LLC Has $1.56 Million Stock Holdings in Moelis & Company (NYSE:MC)

Yousif Capital Management LLC lessened its holdings in shares of Moelis & Company (NYSE:MC) by 2.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 26,735 shares of the asset manager’s stock after selling 554 shares during the period. Yousif Capital Management LLC’s holdings in Moelis & Company were worth $1,560,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MC. Edgestream Partners L.P. acquired a new position in shares of Moelis & Company in the 4th quarter valued at $2,784,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Moelis & Company by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager’s stock valued at $69,119,000 after buying an additional 12,632 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Moelis & Company in the 4th quarter valued at $27,855,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Moelis & Company by 21.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 175,795 shares of the asset manager’s stock valued at $12,988,000 after buying an additional 30,592 shares during the period. Finally, Quantbot Technologies LP grew its holdings in shares of Moelis & Company by 262.8% in the 4th quarter. Quantbot Technologies LP now owns 22,865 shares of the asset manager’s stock valued at $1,689,000 after buying an additional 16,563 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Trading Up 1.1%

Shares of NYSE MC opened at $56.62 on Tuesday. The firm has a market cap of $4.45 billion, a PE ratio of 32.17 and a beta of 1.64. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89. The company has a fifty day moving average price of $55.60 and a 200 day moving average price of $65.18.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The firm had revenue of $306.59 million during the quarter, compared to analyst estimates of $309.67 million. During the same period in the prior year, the business earned $0.22 EPS. The company’s revenue for the quarter was up 41.0% compared to the same quarter last year. Equities research analysts forecast that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 5th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.59%. Moelis & Company’s dividend payout ratio is 119.27%.

Analyst Ratings Changes

MC has been the subject of several research analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Moelis & Company from $55.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group boosted their price target on shares of Moelis & Company from $56.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Morgan Stanley reduced their target price on shares of Moelis & Company from $70.00 to $42.00 and set an “underweight” rating for the company in a research note on Monday, April 7th. Wall Street Zen lowered shares of Moelis & Company from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, Wells Fargo & Company reduced their target price on shares of Moelis & Company from $55.00 to $50.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Moelis & Company currently has a consensus rating of “Hold” and an average price target of $59.83.

Moelis & 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.