London Co. of Virginia Has $232.92 Million Holdings in Moelis & Company $MC

London Co. of Virginia cut its position in shares of Moelis & Company (NYSE:MC) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,265,878 shares of the asset manager’s stock after selling 151,120 shares during the period. London Co. of Virginia owned about 4.17% of Moelis & Company worth $232,923,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in Moelis & Company by 89.8% during the third quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock worth $28,000 after buying an additional 184 shares in the last quarter. Global Retirement Partners LLC increased its holdings in Moelis & Company by 103.0% in the 3rd quarter. Global Retirement Partners LLC now owns 544 shares of the asset manager’s stock valued at $39,000 after buying an additional 276 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Moelis & Company by 89.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock valued at $37,000 after buying an additional 282 shares in the last quarter. Private Trust Co. NA raised its stake in shares of Moelis & Company by 44.0% in the 3rd quarter. Private Trust Co. NA now owns 599 shares of the asset manager’s stock valued at $43,000 after buying an additional 183 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new position in shares of Moelis & Company during the 3rd quarter worth about $46,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MC shares. UBS Group decreased their target price on shares of Moelis & Company from $74.00 to $59.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Morgan Stanley increased their price target on shares of Moelis & Company from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. raised their price target on shares of Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Moelis & Company in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods lowered Moelis & Company from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $75.44.

Insider Buying and Selling at Moelis & Company

In related news, General Counsel Osamu R. Watanabe sold 2,765 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $62.23, for a total value of $172,065.95. Following the completion of the transaction, the general counsel owned 4,981 shares in the company, valued at $309,967.63. The trade was a 35.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.40% of the stock is currently owned by corporate insiders.

Moelis & Company Stock Up 0.2%

Shares of NYSE:MC opened at $51.86 on Tuesday. The firm has a market cap of $4.06 billion, a P/E ratio of 17.64, a P/E/G ratio of 0.55 and a beta of 1.90. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $78.22. The company’s 50-day moving average price is $67.25 and its two-hundred day moving average price is $68.09.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, February 4th. The asset manager reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.37. Moelis & Company had a net margin of 15.36% and a return on equity of 41.67%. The company had revenue of $487.94 million during the quarter, compared to the consensus estimate of $430.17 million. During the same period in the previous year, the firm posted $1.18 earnings per share. The company’s revenue was up 11.2% on a year-over-year basis. As a group, equities analysts predict that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, February 17th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.0%. Moelis & Company’s dividend payout ratio (DPR) is currently 88.44%.

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.