Moelis & Company $MC Shares Bought by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lifted its stake in Moelis & Company (NYSE:MC) by 17.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,356 shares of the asset manager’s stock after buying an additional 7,223 shares during the period. Orion Porfolio Solutions LLC’s holdings in Moelis & Company were worth $3,014,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. AE Wealth Management LLC acquired a new stake in Moelis & Company in the second quarter valued at approximately $207,000. Goldman Sachs Group Inc. boosted its stake in shares of Moelis & Company by 32.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,356,893 shares of the asset manager’s stock valued at $137,548,000 after purchasing an additional 579,529 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in shares of Moelis & Company by 21.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 33,294 shares of the asset manager’s stock valued at $2,075,000 after purchasing an additional 5,819 shares during the period. World Investment Advisors acquired a new stake in Moelis & Company during the 2nd quarter valued at $453,000. Finally, Moran Wealth Management LLC purchased a new stake in Moelis & Company during the 2nd quarter worth $2,358,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Stock Performance

NYSE:MC opened at $70.12 on Friday. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of 23.45, a price-to-earnings-growth ratio of 0.73 and a beta of 1.90. Moelis & Company has a one year low of $47.00 and a one year high of $82.89. The stock has a 50-day simple moving average of $65.99 and a 200 day simple moving average of $67.42.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, October 29th. The asset manager reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.11. Moelis & Company had a return on equity of 45.62% and a net margin of 15.98%.The firm had revenue of $356.89 million for the quarter, compared to analysts’ expectations of $336.14 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. Moelis & Company’s revenue for the quarter was up 30.4% compared to the same quarter last year. On average, equities research analysts forecast that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 10th were paid a dividend of $0.65 per share. The ex-dividend date was Monday, November 10th. This represents a $2.60 annualized dividend and a yield of 3.7%. Moelis & Company’s dividend payout ratio (DPR) is 86.96%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Seaport Res Ptn upgraded shares of Moelis & Company from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Morgan Stanley boosted their price target on Moelis & Company from $74.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. Keefe, Bruyette & Woods downgraded Moelis & Company from an “outperform” rating to a “market perform” rating and increased their price target for the company from $78.00 to $80.00 in a report on Tuesday. UBS Group began coverage on Moelis & Company in a research note on Thursday, December 11th. They set a “neutral” rating and a $70.00 price objective for the company. Finally, BMO Capital Markets started coverage on Moelis & Company in a research report on Friday, October 3rd. They issued a “market perform” rating and a $74.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Moelis & Company presently has an average rating of “Hold” and a consensus price target of $71.63.

Moelis & Company Company Profile

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.