Swiss National Bank Grows Position in Moelis & Company (NYSE:MC)

Swiss National Bank raised its position in shares of Moelis & Company (NYSE:MC) by 4.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,400 shares of the asset manager’s stock after acquiring an additional 6,200 shares during the period. Swiss National Bank owned approximately 0.18% of Moelis & Company worth $9,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its stake in Moelis & Company by 51.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 135,399 shares of the asset manager’s stock valued at $7,699,000 after purchasing an additional 46,226 shares in the last quarter. Sei Investments Co. raised its position in shares of Moelis & Company by 18.2% during the 2nd quarter. Sei Investments Co. now owns 305,871 shares of the asset manager’s stock valued at $17,392,000 after buying an additional 47,176 shares in the last quarter. XTX Topco Ltd lifted its holdings in shares of Moelis & Company by 274.4% in the 2nd quarter. XTX Topco Ltd now owns 16,524 shares of the asset manager’s stock valued at $940,000 after acquiring an additional 12,110 shares during the last quarter. Natixis Advisors LLC grew its position in Moelis & Company by 13.7% in the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock worth $55,141,000 after acquiring an additional 96,720 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC bought a new stake in Moelis & Company during the third quarter worth approximately $465,000. 91.53% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MC shares. Morgan Stanley lowered their price objective on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a research note on Thursday, October 24th. Wells Fargo & Company began coverage on Moelis & Company in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price target for the company. Finally, UBS Group boosted their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.83.

Moelis & Company Stock Performance

NYSE MC opened at $75.05 on Monday. The company has a market cap of $5.62 billion, a PE ratio of 141.60 and a beta of 1.33. The firm’s 50 day moving average price is $70.46 and its 200-day moving average price is $63.65. Moelis & Company has a 52-week low of $44.53 and a 52-week high of $81.60.

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

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. Moelis & Company’s payout ratio is 452.83%.

Moelis & Company 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.