Maryland State Retirement & Pension System Has $761,000 Stock Holdings in Moelis & Company $MC

Maryland State Retirement & Pension System decreased its position in Moelis & Company (NYSE:MC) by 51.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,664 shares of the asset manager’s stock after selling 11,137 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Moelis & Company were worth $761,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in Moelis & Company by 89.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock valued at $37,000 after buying an additional 282 shares during the last quarter. Global Retirement Partners LLC lifted its position in Moelis & Company by 103.0% during the 3rd quarter. Global Retirement Partners LLC now owns 544 shares of the asset manager’s stock worth $39,000 after acquiring an additional 276 shares during the last quarter. Private Trust Co. NA boosted its holdings in Moelis & Company by 44.0% during the third quarter. Private Trust Co. NA now owns 599 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 183 shares during the period. Salomon & Ludwin LLC bought a new stake in Moelis & Company during the third quarter valued at about $46,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Moelis & Company in the second quarter valued at about $51,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Moelis & Company in a research report on Monday, December 29th. UBS Group lifted their price target on Moelis & Company from $70.00 to $74.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft started coverage on Moelis & Company in a report on Thursday, October 9th. They set a “buy” rating and a $80.00 price target for the company. BMO Capital Markets began coverage on Moelis & Company in a research report on Friday, October 3rd. They issued a “market perform” rating and a $74.00 price objective for the company. Finally, Morgan Stanley raised their price objective on shares of Moelis & Company from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 6th. Two analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $72.00.

Moelis & Company Stock Up 2.6%

Moelis & Company stock opened at $76.74 on Thursday. The business has a 50 day moving average price of $69.25 and a two-hundred day moving average price of $69.74. The stock has a market cap of $6.01 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 0.60 and a beta of 1.85. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $82.89.

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

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Shareholders 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 dividend on an annualized basis and a yield of 3.4%. Moelis & Company’s payout ratio is currently 86.96%.

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.