ProShare Advisors LLC Purchases 6,559 Shares of Moelis & Company (NYSE:MC)

ProShare Advisors LLC lifted its stake in Moelis & Company (NYSE:MC - Free Report) by 44.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,298 shares of the asset manager's stock after buying an additional 6,559 shares during the period. ProShare Advisors LLC's holdings in Moelis & Company were worth $1,573,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP bought a new stake in shares of Moelis & Company in the 4th quarter worth about $206,000. Man Group plc grew its stake in Moelis & Company by 99.0% during the fourth quarter. Man Group plc now owns 56,959 shares of the asset manager's stock worth $4,208,000 after buying an additional 28,342 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Moelis & Company by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,241 shares of the asset manager's stock worth $2,973,000 after buying an additional 1,584 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Moelis & Company by 16.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 118,223 shares of the asset manager's stock worth $8,734,000 after buying an additional 16,482 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Moelis & Company in the fourth quarter valued at approximately $1,037,000. 91.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price objective (up from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. The Goldman Sachs Group upped their price target on Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. JPMorgan Chase & Co. dropped their price objective on Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of Moelis & Company from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Moelis & Company has a consensus rating of "Hold" and an average price target of $59.83.

Moelis & Company Trading Up 2.2%

NYSE MC traded up $1.24 during midday trading on Tuesday, hitting $57.79. The company had a trading volume of 74,690 shares, compared to its average volume of 769,909. The company has a market capitalization of $4.54 billion, a PE ratio of 32.83 and a beta of 1.66. The firm has a 50-day moving average price of $55.42 and a 200-day moving average price of $67.08. Moelis & Company has a twelve month low of $47.00 and a twelve month high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. The company had revenue of $306.59 million for the quarter, compared to analyst estimates of $309.67 million. During the same quarter last year, the company posted $0.22 EPS. The company's revenue for the quarter was up 41.0% compared to the same quarter last year. On average, equities analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 5th will be issued a $0.65 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.60 dividend on an annualized basis and a yield of 4.50%. Moelis & Company's payout ratio is 119.27%.

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.