Parametric Portfolio Associates LLC purchased a new position in shares of Moelis & Company (NYSE:MC) during the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 24,506 shares of the asset manager’s stock, valued at approximately $943,000. Parametric Portfolio Associates LLC owned about 0.09% of Moelis & as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Nationwide Fund Advisors boosted its stake in Moelis & by 5.9% in the first quarter. Nationwide Fund Advisors now owns 12,437 shares of the asset manager’s stock worth $479,000 after buying an additional 690 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Moelis & during the fourth quarter valued at about $689,000. Guggenheim Capital LLC boosted its stake in Moelis & by 78.4% in the fourth quarter. Guggenheim Capital LLC now owns 27,287 shares of the asset manager’s stock valued at $925,000 after buying an additional 11,993 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Moelis & by 206.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 27,990 shares of the asset manager’s stock valued at $1,078,000 after buying an additional 18,844 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Moelis & by 28.5% in the first quarter. Swiss National Bank now owns 42,400 shares of the asset manager’s stock valued at $1,632,000 after buying an additional 9,400 shares during the last quarter. 89.57% of the stock is currently owned by institutional investors.
Shares of Moelis & Company (MC) traded down 0.39% on Friday, hitting $38.30. The stock had a trading volume of 238,240 shares. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 17.72 and a beta of 1.87. The firm’s 50-day moving average is $39.78 and its 200-day moving average is $37.85. Moelis & Company has a one year low of $23.60 and a one year high of $44.85.
Moelis & (NYSE:MC) last released its quarterly earnings data on Monday, July 24th. The asset manager reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.15. The business had revenue of $172.10 million during the quarter, compared to analyst estimates of $156.85 million. Moelis & had a return on equity of 52.98% and a net margin of 8.50%. The company’s revenue was up 30.7% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. On average, analysts expect that Moelis & Company will post $2.25 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Tuesday, August 1st. Moelis &’s dividend payout ratio is presently 74.00%.
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MC has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Moelis & from a “hold” rating to a “strong-buy” rating and set a $48.00 target price for the company in a report on Friday, July 28th. Keefe, Bruyette & Woods assumed coverage on shares of Moelis & in a research note on Friday, May 5th. They set a “mkt perform” rating for the company. ValuEngine upgraded Moelis & from a “hold” rating to a “buy” rating in a report on Thursday, June 1st. Morgan Stanley boosted their target price on shares of Moelis & from $39.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, July 25th. Finally, BidaskClub upgraded shares of Moelis & from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $39.22.
Moelis & Company Profile
Moelis & Company is an investment banking advisory company. 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. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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