California State Teachers Retirement System Buys 17,411 Shares of Moelis & Company $MC

California State Teachers Retirement System boosted its position in Moelis & Company (NYSE:MC - Free Report) by 24.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,887 shares of the asset manager's stock after purchasing an additional 17,411 shares during the quarter. California State Teachers Retirement System owned about 0.11% of Moelis & Company worth $5,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of Moelis & Company by 43.1% in the first quarter. Royal Bank of Canada now owns 649,724 shares of the asset manager's stock worth $37,035,000 after buying an additional 195,752 shares during the period. Empowered Funds LLC boosted its stake in shares of Moelis & Company by 26.8% during the first quarter. Empowered Funds LLC now owns 96,426 shares of the asset manager's stock valued at $5,496,000 after purchasing an additional 20,372 shares during the period. Quantinno Capital Management LP increased its position in shares of Moelis & Company by 203.6% in the first quarter. Quantinno Capital Management LP now owns 87,535 shares of the asset manager's stock valued at $4,990,000 after acquiring an additional 58,698 shares during the period. Entropy Technologies LP bought a new position in shares of Moelis & Company during the first quarter valued at about $960,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Moelis & Company during the first quarter valued at about $427,000. Institutional investors own 91.53% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Osamu R. Watanabe sold 4,850 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $69.30, for a total value of $336,105.00. Following the sale, the general counsel owned 131 shares in the company, valued at approximately $9,078.30. This trade represents a 97.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.29% of the stock is currently owned by company insiders.

Moelis & Company Trading Down 3.3%

Shares of MC opened at $67.14 on Friday. The business's fifty day simple moving average is $67.43 and its two-hundred day simple moving average is $65.04. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 0.90 and a beta of 1.84.

Moelis & Company (NYSE:MC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $409.39 million during the quarter, compared to analysts' expectations of $387.27 million. Moelis & Company had a return on equity of 39.59% and a net margin of 14.50%.The company's revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. As a group, research analysts forecast that Moelis & Company will post 3.13 EPS for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 10th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, August 10th. This represents a $2.60 dividend on an annualized basis and a yield of 3.9%. Moelis & Company's dividend payout ratio is 90.59%.

Analyst Ratings Changes

A number of brokerages recently commented on MC. Zacks Research raised Moelis & Company from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 14th. Morgan Stanley boosted their price objective on shares of Moelis & Company from $83.00 to $85.00 and gave the company an "overweight" rating in a research report on Thursday, July 30th. Weiss Ratings downgraded shares of Moelis & Company from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, May 26th. UBS Group reaffirmed a "sell" rating and issued a $60.00 price target (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded Moelis & Company from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $73.62.

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.

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