New York State Common Retirement Fund Buys 6,321 Shares of Moelis & Company (NYSE:MC)

New York State Common Retirement Fund increased its holdings in Moelis & Company (NYSE:MC - Free Report) by 12.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,185 shares of the asset manager's stock after purchasing an additional 6,321 shares during the quarter. New York State Common Retirement Fund owned 0.08% of Moelis & Company worth $3,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in MC. CIBC Private Wealth Group LLC increased its position in shares of Moelis & Company by 52.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock valued at $30,000 after acquiring an additional 137 shares during the period. Headlands Technologies LLC purchased a new position in shares of Moelis & Company during the fourth quarter valued at about $31,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Moelis & Company by 1,551.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 644 shares of the asset manager's stock valued at $38,000 after buying an additional 605 shares during the period. Versant Capital Management Inc increased its position in shares of Moelis & Company by 1,460.8% during the first quarter. Versant Capital Management Inc now owns 796 shares of the asset manager's stock valued at $46,000 after buying an additional 745 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of Moelis & Company during the first quarter valued at about $59,000. Hedge funds and other institutional investors own 91.53% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MC. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a research note on Thursday, April 24th. Morgan Stanley upgraded shares of Moelis & Company from an "underweight" rating to an "overweight" rating and upped their target price for the stock from $42.00 to $68.00 in a research note on Monday, June 23rd. The Goldman Sachs Group upped their target price on shares of Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Keefe, Bruyette & Woods upped their target price on shares of Moelis & Company from $69.00 to $89.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company upped their target price on shares of Moelis & Company from $50.00 to $64.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $66.00.

Moelis & Company Stock Performance

NYSE MC opened at $70.54 on Wednesday. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 32.36 and a beta of 1.64. The company's 50-day simple moving average is $61.53 and its two-hundred day simple moving average is $63.49. Moelis & Company has a one year low of $47.00 and a one year high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. Moelis & Company had a net margin of 13.22% and a return on equity of 40.89%. The firm had revenue of $306.59 million for the quarter, compared to the consensus estimate of $309.67 million. During the same quarter in the previous year, the firm earned $0.22 EPS. The company's quarterly revenue was up 41.0% compared to the same quarter last year. Equities analysts expect that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, May 5th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date was Monday, May 5th. Moelis & Company's dividend payout ratio is currently 119.27%.

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.

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