Fort Washington Investment Advisors Inc. OH Makes New $21.70 Million Investment in Moelis & Company $MC

Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Moelis & Company (NYSE:MC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 380,720 shares of the asset manager’s stock, valued at approximately $21,701,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of Moelis & Company in the 4th quarter worth $27,000. Hantz Financial Services Inc. increased its stake in shares of Moelis & Company by 64.4% during the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after buying an additional 163 shares during the period. Allworth Financial LP increased its stake in shares of Moelis & Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after buying an additional 254 shares during the period. eCIO Inc. bought a new stake in shares of Moelis & Company in the fourth quarter valued at about $33,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Moelis & Company by 89.5% in the second quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 282 shares in the last quarter. 91.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research lowered shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. UBS Group reduced their price target on shares of Moelis & Company from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Wednesday, April 8th. Wall Street Zen cut shares of Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, The Goldman Sachs Group dropped 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 note on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Moelis & Company presently has a consensus rating of “Hold” and an average target price of $71.89.

Moelis & Company Trading Up 0.5%

Shares of NYSE:MC opened at $64.79 on Monday. The company has a market capitalization of $5.09 billion, a PE ratio of 23.31, a P/E/G ratio of 0.77 and a beta of 1.85. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22. The business’s fifty day simple moving average is $66.66 and its 200-day simple moving average is $66.00.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The company had revenue of $319.78 million for the quarter, compared to analysts’ expectations of $321.51 million. During the same quarter last year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Research analysts predict that Moelis & Company will post 3.17 EPS for the current 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 $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 4.0%. Moelis & Company’s payout ratio is currently 93.53%.

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.