Public Sector Pension Investment Board Has $20.64 Million Stock Holdings in Moelis & Company $MC

Public Sector Pension Investment Board increased its position in shares of Moelis & Company (NYSE:MC) by 14.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 289,371 shares of the asset manager’s stock after buying an additional 36,431 shares during the quarter. Public Sector Pension Investment Board owned about 0.37% of Moelis & Company worth $20,638,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its holdings in shares of Moelis & Company by 1.4% during the third quarter. Illinois Municipal Retirement Fund now owns 38,134 shares of the asset manager’s stock valued at $2,720,000 after acquiring an additional 525 shares in the last quarter. MQS Management LLC acquired a new stake in Moelis & Company in the 3rd quarter valued at $372,000. Versor Investments LP bought a new stake in Moelis & Company during the 3rd quarter valued at $735,000. Oppenheimer Asset Management Inc. raised its holdings in Moelis & Company by 21.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 53,115 shares of the asset manager’s stock worth $3,788,000 after buying an additional 9,512 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Moelis & Company by 16.4% during the third quarter. Smartleaf Asset Management LLC now owns 1,865 shares of the asset manager’s stock worth $135,000 after buying an additional 263 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Trading Up 1.7%

Shares of MC opened at $65.94 on Friday. The stock has a 50 day moving average of $71.98 and a 200 day moving average of $69.94. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 0.70 and a beta of 1.87. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $78.57.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, February 4th. The asset manager reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.37. Moelis & Company had a return on equity of 43.19% and a net margin of 15.36%.The business had revenue of $487.94 million for the quarter, compared to analysts’ expectations of $430.17 million. During the same quarter in the previous year, the firm earned $1.18 earnings per share. The business’s revenue was up 11.2% on a year-over-year basis. As a group, equities research analysts predict that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, February 17th will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.60 annualized dividend and a yield of 3.9%. Moelis & Company’s dividend payout ratio is presently 88.44%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Bank of America started coverage on shares of Moelis & Company in a research report on Monday, January 26th. They set a “neutral” rating and a $81.00 target price for the company. Keefe, Bruyette & Woods lowered Moelis & Company from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $78.00 to $80.00 in a report on Tuesday, December 16th. JPMorgan Chase & Co. raised their target price on Moelis & Company from $80.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, February 5th. UBS Group lifted their target price on Moelis & Company from $70.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Moelis & Company in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $76.33.

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. 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.