Moelis & Company (MC) To Go Ex-Dividend on February 17th

Moelis & Company (NYSE:MC) declared a quarterly dividend on Wednesday, February 4th. Investors of record on Tuesday, February 17th will be given a dividend of 0.65 per share by the asset manager on Thursday, March 26th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, February 17th.

Moelis & Company has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Moelis & Company has a payout ratio of 92.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Moelis & Company to earn $3.72 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 69.9%.

Moelis & Company Price Performance

NYSE:MC opened at $65.94 on Friday. The company’s fifty day moving average price is $71.98 and its 200-day moving average price is $69.94. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $78.57. The firm has a market capitalization of $5.16 billion, a P/E ratio of 22.43, a PEG ratio of 0.71 and a beta of 1.87.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MC. Azora Capital LP acquired a new stake in Moelis & Company during the 2nd quarter worth approximately $46,762,000. Norges Bank acquired a new stake in shares of Moelis & Company during the 4th quarter worth $42,919,000. The Manufacturers Life Insurance Company grew its holdings in shares of Moelis & Company by 1,161.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 661,594 shares of the asset manager’s stock worth $41,231,000 after purchasing an additional 609,162 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Moelis & Company by 16.1% during the 3rd quarter. Wasatch Advisors LP now owns 3,304,180 shares of the asset manager’s stock valued at $235,654,000 after acquiring an additional 458,575 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Moelis & Company by 26.0% in the second quarter. Geode Capital Management LLC now owns 2,052,862 shares of the asset manager’s stock worth $127,947,000 after buying an additional 424,138 shares during the period. 91.53% of the stock is currently owned by institutional investors and hedge funds.

About Moelis & Company

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.