Public Employees Retirement System of Ohio Cuts Stock Position in Moelis & Company (NYSE:MC)

Public Employees Retirement System of Ohio cut its position in Moelis & Company (NYSE:MC - Free Report) by 96.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,006 shares of the asset manager's stock after selling 27,766 shares during the period. Public Employees Retirement System of Ohio's holdings in Moelis & Company were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in MC. Vanguard Group Inc. boosted its stake in Moelis & Company by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,147,315 shares of the asset manager's stock worth $601,924,000 after buying an additional 99,766 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in shares of Moelis & Company in the 4th quarter valued at $86,062,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Moelis & Company by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager's stock valued at $69,119,000 after buying an additional 12,632 shares during the period. Northern Trust Corp raised its holdings in shares of Moelis & Company by 4.5% in the 4th quarter. Northern Trust Corp now owns 860,125 shares of the asset manager's stock valued at $63,546,000 after buying an additional 36,736 shares during the period. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Moelis & Company by 215.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 723,384 shares of the asset manager's stock valued at $53,444,000 after buying an additional 494,123 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Price Performance

NYSE MC opened at $59.12 on Friday. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89. The company has a market capitalization of $4.64 billion, a P/E ratio of 33.59 and a beta of 1.64. The business has a 50 day moving average price of $54.91 and a 200 day moving average price of $66.08.

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

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's dividend payout ratio (DPR) is 119.27%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wells Fargo & Company cut their price target on Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a research report on Thursday, April 24th. Morgan Stanley decreased their price objective on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group increased their price objective on Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Finally, Wall Street Zen cut Moelis & Company from a "buy" rating to a "hold" rating in a 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. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $59.83.

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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