AHL Partners LLP increased its holdings in shares of Moelis & Company (NYSE:MC) by 26.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,648 shares of the asset manager’s stock after acquiring an additional 4,706 shares during the quarter. AHL Partners LLP owned about 0.08% of Moelis & worth $880,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MC. BlackRock Inc. boosted its stake in Moelis & by 6.4% in the 2nd quarter. BlackRock Inc. now owns 2,379,872 shares of the asset manager’s stock valued at $92,458,000 after purchasing an additional 142,321 shares during the period. Vanguard Group Inc. lifted its position in shares of Moelis & by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,039,429 shares of the asset manager’s stock valued at $79,233,000 after acquiring an additional 119,368 shares during the period. AGF Investments Inc. bought a new stake in shares of Moelis & during the 2nd quarter valued at $21,907,000. Principal Financial Group Inc. lifted its position in shares of Moelis & by 76.7% during the 2nd quarter. Principal Financial Group Inc. now owns 492,290 shares of the asset manager’s stock valued at $19,125,000 after acquiring an additional 213,740 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Moelis & by 19.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 492,213 shares of the asset manager’s stock valued at $19,123,000 after acquiring an additional 79,405 shares during the period. 90.80% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Moelis & Company (NYSE MC) opened at 41.35 on Friday. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 19.13 and a beta of 1.90. The company’s 50 day moving average price is $41.87 and its 200 day moving average price is $39.24. Moelis & Company has a 12 month low of $24.30 and a 12 month high of $44.85.
Moelis & (NYSE:MC) last posted its quarterly earnings data on Wednesday, October 25th. The asset manager reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.15. Moelis & had a net margin of 9.62% and a return on equity of 56.83%. The business had revenue of $170.00 million during the quarter, compared to the consensus estimate of $168.51 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Moelis & Company will post $2.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, November 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 3.56%. Moelis &’s dividend payout ratio is presently 70.81%.
A number of research firms have recently weighed in on MC. JMP Securities upped their target price on Moelis & from $44.00 to $47.00 and gave the company a “market outperform” rating in a research report on Thursday. Morgan Stanley boosted their price target on Moelis & from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday. UBS AG reissued a “neutral” rating and set a $42.00 price target (up previously from $40.00) on shares of Moelis & in a report on Tuesday, July 25th. BidaskClub raised Moelis & from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Bank of America Corporation upped their target price on Moelis & from $43.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $42.00.
Moelis & Profile
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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