Strs Ohio Boosts Position in Moelis & Company $MC

Strs Ohio lifted its position in Moelis & Company (NYSE:MC) by 52.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,600 shares of the asset manager’s stock after buying an additional 7,800 shares during the quarter. Strs Ohio’s holdings in Moelis & Company were worth $1,288,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Root Financial Partners LLC increased its holdings in Moelis & Company by 292.2% during the 1st quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock worth $26,000 after acquiring an additional 339 shares during the period. Drucker Wealth 3.0 LLC grew its position in shares of Moelis & Company by 8.3% during the 1st quarter. Drucker Wealth 3.0 LLC now owns 15,003 shares of the asset manager’s stock valued at $855,000 after purchasing an additional 1,153 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Moelis & Company during the 1st quarter valued at $1,744,000. Janney Montgomery Scott LLC increased its holdings in shares of Moelis & Company by 58.9% in the first quarter. Janney Montgomery Scott LLC now owns 49,620 shares of the asset manager’s stock worth $2,828,000 after purchasing an additional 18,391 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH bought a new position in shares of Moelis & Company in the first quarter worth $21,701,000. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Stock Down 3.0%

MC opened at $69.81 on Wednesday. The stock has a market cap of $5.48 billion, a PE ratio of 25.11, a P/E/G ratio of 0.86 and a beta of 1.85. Moelis & Company has a 52 week low of $51.06 and a 52 week high of $78.22. The business’s fifty day simple moving average is $66.64 and its 200 day simple moving average is $65.89.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.09). Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The firm had revenue of $319.78 million for the quarter, compared to the consensus estimate of $321.51 million. During the same period last year, the firm earned $0.64 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts anticipate that Moelis & Company will post 3.17 earnings per share for the current year.

Moelis & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, May 11th were given a $0.65 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a yield of 3.7%. Moelis & Company’s payout ratio is presently 93.53%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MC. UBS Group dropped their price objective on Moelis & Company from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. Morgan Stanley decreased their target price on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Keefe, Bruyette & Woods lowered their price target on Moelis & Company from $80.00 to $64.00 and set a “market perform” rating on the stock in a report on Wednesday, April 8th. Zacks Research downgraded Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Finally, The Goldman Sachs Group cut their price objective on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Moelis & Company currently has a consensus rating of “Hold” and an average target price of $71.89.

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.