Cetera Investment Advisers Raises Holdings in Moelis & Company (NYSE:MC)

Cetera Investment Advisers boosted its stake in shares of Moelis & Company (NYSE:MC) by 9.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,290 shares of the asset manager’s stock after acquiring an additional 546 shares during the quarter. Cetera Investment Advisers’ holdings in Moelis & Company were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC raised its position in Moelis & Company by 52.5% during the 4th 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 last quarter. Headlands Technologies LLC bought a new position in Moelis & Company during the 4th quarter valued at approximately $31,000. R Squared Ltd bought a new position in Moelis & Company during the 4th quarter valued at approximately $47,000. Jones Financial Companies Lllp raised its position in Moelis & Company by 148.3% during the 4th 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 bought a new position in Moelis & Company during the 4th quarter valued at approximately $61,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Stock Up 3.2%

MC stock opened at $58.34 on Wednesday. Moelis & Company has a twelve month low of $47.00 and a twelve month high of $82.89. The firm has a market cap of $4.58 billion, a PE ratio of 33.15 and a beta of 1.66. The business has a 50 day moving average of $55.38 and a 200 day moving average of $67.01.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share for the quarter, beating 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 company had revenue of $306.59 million during the quarter, compared to analyst estimates of $309.67 million. During the same quarter last year, the company earned $0.22 EPS. The firm’s revenue for the quarter was up 41.0% on a year-over-year basis. On average, research analysts expect that Moelis & Company will post 2.97 earnings per share for the current fiscal 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 given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Monday, May 5th. 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 research report on Thursday, April 24th. Wells Fargo & Company decreased their target price on Moelis & Company from $55.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. The Goldman Sachs Group increased their target price 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, Morgan Stanley decreased their target price 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Moelis & Company has a consensus 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.