Strs Ohio Acquires 7,800 Shares of Moelis & Company $MC

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

Several other hedge funds have also added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its stake in shares of Moelis & Company by 9.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager’s stock valued at $280,000 after buying an additional 432 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Moelis & Company by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,080 shares of the asset manager’s stock valued at $2,456,000 after acquiring an additional 1,839 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Moelis & Company in the 1st quarter valued at about $264,000. Empowered Funds LLC boosted its holdings in Moelis & Company by 37.6% during the 1st quarter. Empowered Funds LLC now owns 42,828 shares of the asset manager’s stock valued at $2,499,000 after acquiring an additional 11,692 shares during the period. Finally, Creative Planning boosted its holdings in Moelis & Company by 14.2% during the 2nd quarter. Creative Planning now owns 6,639 shares of the asset manager’s stock valued at $414,000 after acquiring an additional 827 shares during the period. 91.53% of the stock is owned by institutional investors.

Moelis & Company Trading Down 3.0%

NYSE:MC opened at $69.81 on Wednesday. The company has a 50-day moving average price of $66.64 and a 200-day moving average price of $65.89. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 25.11, a P/E/G ratio of 0.86 and a beta of 1.85. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22.

Moelis & Company (NYSE:MC) last announced 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 net margin of 14.46% and a return on equity of 38.94%. The company had revenue of $319.78 million for the quarter, compared to analysts’ expectations of $321.51 million. During the same quarter in the prior year, the firm earned $0.64 EPS. Moelis & Company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities analysts forecast that Moelis & Company will post 3.17 EPS for the current fiscal year.

Moelis & Company Announces Dividend

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

Analysts Set New Price Targets

MC has been the topic of a number of analyst reports. UBS Group decreased their price target on Moelis & Company from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Keefe, Bruyette & Woods cut their target price on shares of 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 shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered shares of Moelis & Company from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Finally, The Goldman Sachs Group dropped their price target on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $71.89.

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.