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

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

Other institutional investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC raised 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 purchasing an additional 137 shares during the period. Headlands Technologies LLC acquired a new stake in Moelis & Company during the fourth quarter worth approximately $31,000. R Squared Ltd bought a new stake in shares of Moelis & Company during the fourth quarter worth approximately $47,000. Jones Financial Companies Lllp grew its position in shares of Moelis & Company by 148.3% in the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock valued at $61,000 after purchasing an additional 491 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in Moelis & Company during the 4th quarter worth approximately $61,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Trading Down 0.1%

NYSE:MC traded down $0.06 on Friday, hitting $56.51. The company had a trading volume of 949,917 shares, compared to its average volume of 772,666. Moelis & Company has a 52 week low of $47.00 and a 52 week high of $82.89. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 32.11 and a beta of 1.66. The firm has a 50 day moving average of $55.49 and a two-hundred day moving average of $67.29.

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 for the quarter, topping analysts' consensus estimates of $0.57 by $0.07. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. The business had revenue of $306.59 million for the quarter, compared to analyst estimates of $309.67 million. During the same quarter in the previous year, the company posted $0.22 EPS. Moelis & Company's quarterly revenue was up 41.0% compared to the same quarter last year. As a group, equities analysts forecast that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The firm 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 4.60%. Moelis & Company's dividend payout ratio (DPR) is presently 119.27%.

Analysts Set New Price Targets

A number of research analysts have commented on MC shares. JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their target price on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 target price (up from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. Morgan Stanley reduced their price objective on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a research note on Monday, April 7th. Finally, The Goldman Sachs Group raised their target price on shares of Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $59.83.

Moelis & 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.