NumerixS Investment Technologies Inc bought a new stake in shares of Moelis & Co (NYSE:MC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,300 shares of the asset manager’s stock, valued at approximately $113,000.
Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Moelis & Co by 17.5% during the third quarter. BlackRock Inc. now owns 6,285,777 shares of the asset manager’s stock valued at $344,461,000 after acquiring an additional 934,339 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Moelis & Co by 16.6% during the third quarter. Vanguard Group Inc. now owns 4,181,269 shares of the asset manager’s stock valued at $229,133,000 after acquiring an additional 595,168 shares during the last quarter. Vanguard Group Inc raised its stake in shares of Moelis & Co by 16.6% during the third quarter. Vanguard Group Inc now owns 4,181,269 shares of the asset manager’s stock valued at $229,133,000 after acquiring an additional 595,168 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Moelis & Co by 48.5% during the fourth quarter. Jennison Associates LLC now owns 1,989,556 shares of the asset manager’s stock valued at $68,401,000 after acquiring an additional 650,085 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Moelis & Co by 22.3% during the third quarter. JPMorgan Chase & Co. now owns 1,690,052 shares of the asset manager’s stock valued at $92,615,000 after acquiring an additional 308,573 shares during the last quarter. 74.69% of the stock is currently owned by institutional investors and hedge funds.
MC stock opened at $42.88 on Friday. Moelis & Co has a 1 year low of $32.66 and a 1 year high of $67.65. The stock has a market capitalization of $2.46 billion, a P/E ratio of 14.29, a P/E/G ratio of 1.36 and a beta of 2.01.
Moelis & Co (NYSE:MC) last announced its earnings results on Wednesday, February 6th. The asset manager reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.10. Moelis & Co had a net margin of 15.88% and a return on equity of 57.34%. The business had revenue of $238.30 million during the quarter, compared to the consensus estimate of $224.54 million. During the same quarter last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 40.8% on a year-over-year basis. On average, analysts anticipate that Moelis & Co will post 2.94 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Tuesday, February 19th will be paid a dividend of $0.50 per share. This is an increase from Moelis & Co’s previous quarterly dividend of $0.47. The ex-dividend date is Friday, February 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.66%. Moelis & Co’s dividend payout ratio (DPR) is currently 66.67%.
Several equities analysts have recently commented on MC shares. ValuEngine downgraded shares of Moelis & Co from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Morgan Stanley decreased their price target on shares of Moelis & Co from $59.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $43.00 price target on shares of Moelis & Co in a research note on Friday, January 4th. Finally, Sandler O’Neill raised shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Moelis & Co currently has an average rating of “Buy” and an average target price of $54.67.
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Moelis & Co Profile
Moelis & Company is a global investment bank. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. The firm's expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.
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