Public Employees Retirement System of Ohio Sells 4,398 Shares of Moelis & Company (NYSE:MC)

Public Employees Retirement System of Ohio lowered its stake in Moelis & Company (NYSE:MC) by 13.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,772 shares of the asset manager’s stock after selling 4,398 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Moelis & Company were worth $1,971,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in Moelis & Company by 42.9% during the 2nd quarter. SG Americas Securities LLC now owns 6,007 shares of the asset manager’s stock worth $342,000 after buying an additional 1,804 shares during the period. Raymond James & Associates lifted its holdings in shares of Moelis & Company by 2.0% in the 2nd quarter. Raymond James & Associates now owns 370,866 shares of the asset manager’s stock worth $21,087,000 after purchasing an additional 7,198 shares in the last quarter. &PARTNERS bought a new position in shares of Moelis & Company in the 2nd quarter worth $517,000. Louisiana State Employees Retirement System grew its position in Moelis & Company by 7.3% in the 2nd quarter. Louisiana State Employees Retirement System now owns 35,400 shares of the asset manager’s stock valued at $2,013,000 after purchasing an additional 2,400 shares during the period. Finally, Tributary Capital Management LLC increased its stake in Moelis & Company by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 436,542 shares of the asset manager’s stock valued at $24,822,000 after purchasing an additional 1,159 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

Analyst Ratings Changes

MC has been the subject of a number of analyst reports. Wells Fargo & Company lifted their price objective on shares of Moelis & Company from $70.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. UBS Group boosted their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley upgraded Moelis & Company from an “underweight” rating to an “overweight” rating and raised their target price for the company from $66.00 to $92.00 in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $66.50.

Moelis & Company Stock Down 2.1 %

MC stock opened at $74.42 on Wednesday. The firm has a market cap of $5.58 billion, a PE ratio of 140.42 and a beta of 1.37. The business has a 50 day moving average of $72.65 and a 200-day moving average of $65.88. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $81.60.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $273.76 million during the quarter, compared to analyst estimates of $273.58 million. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The business’s revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) EPS. On average, research analysts expect that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Monday, November 4th. Moelis & Company’s payout ratio is 452.83%.

Moelis & Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.