California State Teachers Retirement System raised its position in shares of Moelis & Co. (NYSE:MC) by 4.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,972 shares of the company’s stock after buying an additional 1,669 shares during the period. California State Teachers Retirement System owned approximately 0.26% of Moelis & Co. worth $877,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of MC. Geode Capital Management LLC increased its position in shares of Moelis & Co. by 0.8% in the first quarter. Geode Capital Management LLC now owns 123,844 shares of the company’s stock worth $3,496,000 after buying an additional 1,015 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Moelis & Co. during the first quarter worth approximately $577,000. UBS Group AG increased its position in shares of Moelis & Co. by 29.7% in the first quarter. UBS Group AG now owns 68,649 shares of the company’s stock worth $1,938,000 after buying an additional 15,709 shares in the last quarter. Spark Investment Management LLC increased its position in shares of Moelis & Co. by 431.3% in the first quarter. Spark Investment Management LLC now owns 59,500 shares of the company’s stock worth $1,679,000 after buying an additional 48,300 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Moelis & Co. by 86.3% in the first quarter. Legal & General Group Plc now owns 3,519 shares of the company’s stock worth $100,000 after buying an additional 1,630 shares in the last quarter. 84.45% of the stock is owned by hedge funds and other institutional investors.
Moelis & Co. (NYSE:MC) traded down 0.83% on Thursday, reaching $26.18. The company’s stock had a trading volume of 43,389 shares. The firm has a market capitalization of $539.28 million, a PE ratio of 15.59 and a beta of 1.73. Moelis & Co. has a 52 week low of $21.91 and a 52 week high of $31.84. The stock’s 50 day moving average is $26.38 and its 200-day moving average is $26.30.
Moelis & Co. (NYSE:MC) last posted its earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.06. Moelis & Co. had a return on equity of 35.37% and a net margin of 6.01%. The company had revenue of $131.70 million for the quarter, compared to analyst estimates of $131.44 million. During the same period last year, the company earned $0.37 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. Analysts predict that Moelis & Co. will post $1.66 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.20 annualized dividend and a yield of 4.58%. Moelis & Co.’s dividend payout ratio (DPR) is currently 81.53%.
MC has been the subject of a number of analyst reports. Credit Suisse Group AG reissued a “hold” rating on shares of Moelis & Co. in a report on Tuesday, June 28th. Morgan Stanley reissued a “buy” rating on shares of Moelis & Co. in a report on Tuesday, June 7th. Finally, Zacks Investment Research raised Moelis & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $30.78.
Moelis & Co. Company Profile
Moelis & Company is an investment banking advisory firm. 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. The Company advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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