12,686 Shares in Moelis & Company $MC Bought by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC bought a new position in Moelis & Company (NYSE:MC) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 12,686 shares of the asset manager’s stock, valued at approximately $872,000.

A number of other large investors also recently added to or reduced their stakes in the business. Wesbanco Bank Inc. raised its position in Moelis & Company by 2.1% in the 4th quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager’s stock worth $611,000 after purchasing an additional 180 shares during the period. Bessemer Group Inc. raised its position in Moelis & Company by 89.8% in the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock worth $28,000 after purchasing an additional 184 shares during the period. Oregon Public Employees Retirement Fund raised its position in Moelis & Company by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,955 shares of the asset manager’s stock worth $1,165,000 after purchasing an additional 200 shares during the period. California State Teachers Retirement System raised its position in Moelis & Company by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 69,155 shares of the asset manager’s stock worth $4,310,000 after purchasing an additional 209 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Moelis & Company by 14.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,624 shares of the asset manager’s stock worth $118,000 after purchasing an additional 210 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Moelis & Company Trading Up 3.1%

MC stock opened at $64.18 on Thursday. The firm’s 50-day moving average price is $60.95 and its two-hundred day moving average price is $65.30. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 23.09, a PEG ratio of 0.74 and a beta of 1.87.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The firm had revenue of $319.78 million during the quarter, compared to analysts’ expectations of $321.51 million. During the same quarter in the previous year, the firm posted $0.64 EPS. Moelis & Company’s revenue was up 4.3% compared to the same quarter last year. Equities analysts predict that Moelis & Company will post 3.2 EPS for the current year.

Moelis & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, May 11th will be given a $0.65 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.1%. Moelis & Company’s payout ratio is presently 93.53%.

Analyst Upgrades and Downgrades

MC has been the topic of a number of analyst reports. Morgan Stanley decreased their target price on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. JPMorgan Chase & Co. lifted their target price on shares of Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Moelis & Company in a research report on Tuesday, May 12th. The Goldman Sachs Group decreased their price objective on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Finally, Zacks Research cut shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $71.89.

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.