Strs Ohio Has $1.25 Million Position in Moelis & Co (MC)

Strs Ohio increased its holdings in Moelis & Co (NYSE:MC) by 7.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,900 shares of the asset manager’s stock after acquiring an additional 1,500 shares during the period. Strs Ohio’s holdings in Moelis & Co were worth $1,254,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MC. BlackRock Inc. increased its stake in Moelis & Co by 46.3% in the 2nd quarter. BlackRock Inc. now owns 5,351,438 shares of the asset manager’s stock valued at $313,861,000 after buying an additional 1,694,763 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Moelis & Co by 4,197.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 822,823 shares of the asset manager’s stock valued at $48,257,000 after buying an additional 803,678 shares during the last quarter. Jennison Associates LLC increased its stake in Moelis & Co by 14.8% in the 2nd quarter. Jennison Associates LLC now owns 1,362,542 shares of the asset manager’s stock valued at $79,913,000 after buying an additional 175,631 shares during the last quarter. Northern Trust Corp increased its stake in Moelis & Co by 25.5% in the 2nd quarter. Northern Trust Corp now owns 494,890 shares of the asset manager’s stock valued at $29,025,000 after buying an additional 100,539 shares during the last quarter. Finally, Brown Advisory Inc. purchased a new stake in Moelis & Co in the 2nd quarter valued at about $2,880,000. Institutional investors own 69.39% of the company’s stock.

NYSE:MC opened at $41.75 on Friday. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.04 and a beta of 1.92. Moelis & Co has a 52 week low of $39.23 and a 52 week high of $67.65.

Moelis & Co (NYSE:MC) last posted its quarterly earnings data on Monday, October 22nd. The asset manager reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.01). The firm had revenue of $207.70 million during the quarter, compared to analysts’ expectations of $215.19 million. Moelis & Co had a net margin of 9.39% and a return on equity of 52.92%. The company’s quarterly revenue was up 22.2% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. As a group, equities research analysts forecast that Moelis & Co will post 2.83 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Thursday, November 1st will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, October 31st. This represents a $1.88 annualized dividend and a dividend yield of 4.50%. Moelis & Co’s payout ratio is currently 82.10%.

In other news, Director Kenneth Shropshire sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $57.85, for a total transaction of $86,775.00. Following the completion of the sale, the director now owns 4,968 shares in the company, valued at approximately $287,398.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 29.91% of the company’s stock.

MC has been the subject of several analyst reports. Zacks Investment Research lowered shares of Moelis & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. UBS Group decreased their price objective on shares of Moelis & Co from $62.00 to $59.00 and set a “neutral” rating for the company in a research note on Monday, October 8th. ValuEngine lowered shares of Moelis & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, September 4th. Finally, Bank of America increased their price objective on shares of Moelis & Co from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $61.33.

Moelis & Co Company Profile

Moelis & Company is a global investment bank. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. The firm's expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.

Further Reading: What are the benefits of a balanced fund?

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Institutional Ownership by Quarter for Moelis & Co (NYSE:MC)

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