Principal Financial Group Inc. Has $25.58 Million Stock Holdings in Moelis & Company $MC

Principal Financial Group Inc. reduced its position in shares of Moelis & Company (NYSE:MC) by 2.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,695 shares of the asset manager’s stock after selling 9,339 shares during the period. Principal Financial Group Inc. owned about 0.46% of Moelis & Company worth $25,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. AlphaQuest LLC boosted its position in Moelis & Company by 354.1% during the 3rd quarter. AlphaQuest LLC now owns 42,789 shares of the asset manager’s stock worth $3,052,000 after buying an additional 33,367 shares during the period. Arizona State Retirement System raised its stake in shares of Moelis & Company by 6.5% during the third quarter. Arizona State Retirement System now owns 21,951 shares of the asset manager’s stock valued at $1,566,000 after acquiring an additional 1,344 shares during the last quarter. AE Wealth Management LLC raised its stake in shares of Moelis & Company by 7.7% during the third quarter. AE Wealth Management LLC now owns 3,572 shares of the asset manager’s stock valued at $255,000 after acquiring an additional 255 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Moelis & Company by 23.4% during the third quarter. New York State Common Retirement Fund now owns 73,910 shares of the asset manager’s stock worth $5,271,000 after purchasing an additional 14,025 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Moelis & Company by 2.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 69,181 shares of the asset manager’s stock worth $4,934,000 after purchasing an additional 1,678 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Price Performance

Shares of NYSE:MC opened at $73.15 on Friday. Moelis & Company has a 1 year low of $47.00 and a 1 year high of $81.38. The business’s 50-day moving average is $71.62 and its 200-day moving average is $70.00. The company has a market capitalization of $5.73 billion, a price-to-earnings ratio of 24.88, a P/E/G ratio of 0.60 and a beta of 1.87.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, February 4th. The asset manager reported $1.13 EPS for the quarter, topping the consensus estimate of $0.76 by $0.37. The business had revenue of $487.94 million during the quarter, compared to analysts’ expectations of $430.17 million. Moelis & Company had a return on equity of 43.19% and a net margin of 15.36%.The firm’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 earnings per share. Analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, February 17th will be paid a $0.65 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.60 annualized dividend and a dividend yield of 3.6%. Moelis & Company’s payout ratio is currently 86.96%.

Analyst Upgrades and Downgrades

MC has been the subject of several analyst reports. UBS Group raised their target price on Moelis & Company from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods cut Moelis & Company from an “outperform” rating to a “market perform” rating and increased their price target for the company from $78.00 to $80.00 in a research note on Tuesday, December 16th. Morgan Stanley raised their price objective on Moelis & Company from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their price objective on Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Bank of America started coverage on shares of Moelis & Company in a research report on Monday, January 26th. They set a “neutral” rating and a $81.00 target price for the company. Two equities research 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 a consensus price target of $76.33.

Key Stories Impacting Moelis & Company

Here are the key news stories impacting Moelis & Company this week:

• Positive Sentiment: Q4 results beat expectations — Revenue rose ~11% to ~$488M and EPS topped consensus, reflecting continued M&A and capital-markets momentum; management said it will expand capital returns, supporting near-term upside for the stock. Read More.
• Positive Sentiment: $300M buyback announced and quarterly dividend declared ($0.65/share, ~3.6% yield) — buybacks and a meaningful dividend increase capital return to shareholders and improve EPS leverage. Read More.
• Positive Sentiment: Analyst price-target increases — Morgan Stanley raised its target to $90 (Overweight) and JPMorgan nudged its target to $81 (Neutral), bringing fresh analyst support and raising the consensus upside. Read More. · Read More.
• Neutral Sentiment: Positive analyst commentary and stock-screen features — coverage pieces (Zacks et al.) highlight Moelis’ growth profile and attractive style scores, which can attract momentum and growth-focused investors but are informational rather than catalytic. Read More.
• Neutral Sentiment: Earnings call / deep dives available — Transcripts and slide decks provide detail on deal pipeline, strategic hires and capital-markets expansion; useful for modeling but no new surprises disclosed in headlines. Read More.
• Negative Sentiment: Operational and cash-flow pressure beneath the headline beat — some metrics showed strains: operating profit and diluted EPS were modestly lower year-over-year in certain reports, and cash from operations and cash balances declined materially, which could limit flexibility if deal activity softens. Read More.

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. 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.