First National Bank of Omaha Makes New $3.19 Million Investment in Moelis & Company $MC

First National Bank of Omaha acquired a new stake in Moelis & Company (NYSE:MC) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 44,755 shares of the asset manager’s stock, valued at approximately $3,192,000. First National Bank of Omaha owned approximately 0.06% of Moelis & Company as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Alps Advisors Inc. bought a new position in Moelis & Company in the 3rd quarter valued at $6,105,000. AE Wealth Management LLC acquired a new position in Moelis & Company during the 2nd quarter worth about $207,000. Wealth Enhancement Advisory Services LLC grew its holdings in Moelis & Company by 5.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 354,658 shares of the asset manager’s stock worth $23,691,000 after acquiring an additional 17,740 shares during the last quarter. AlphaQuest LLC increased its position in Moelis & Company by 354.1% in the 3rd quarter. AlphaQuest LLC now owns 42,789 shares of the asset manager’s stock valued at $3,052,000 after acquiring an additional 33,367 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of Moelis & Company by 14.4% in the third quarter. Public Sector Pension Investment Board now owns 289,371 shares of the asset manager’s stock worth $20,638,000 after acquiring an additional 36,431 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Trading Up 1.5%

Shares of MC opened at $63.96 on Thursday. The stock has a market cap of $5.01 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 0.68 and a beta of 1.87. Moelis & Company has a 1 year low of $47.00 and a 1 year high of $78.57. The stock’s 50-day moving average price is $71.68 and its two-hundred day moving average price is $69.82.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 4th. The asset manager reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.37. The company had revenue of $487.94 million during the quarter, compared to analysts’ expectations of $430.17 million. Moelis & Company had a return on equity of 43.19% and a net margin of 15.36%.Moelis & Company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 EPS. As a group, equities analysts forecast that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, February 17th will be issued a $0.65 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $2.60 annualized dividend and a yield of 4.1%. Moelis & Company’s dividend payout ratio (DPR) is 88.44%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of Moelis & Company in a research report on Monday, January 26th. They issued a “neutral” rating and a $81.00 price objective for the company. Keefe, Bruyette & Woods downgraded Moelis & Company from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $78.00 to $80.00 in a research report on Tuesday, December 16th. Morgan Stanley upped their price target on Moelis & Company from $89.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Moelis & Company in a research report on Monday, December 29th. Finally, UBS Group upped their target price on shares of Moelis & Company from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $76.33.

Moelis & 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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.