Goldman Sachs Group Inc. Boosts Holdings in Moelis & Company $MC

Goldman Sachs Group Inc. grew its holdings in Moelis & Company (NYSE:MC) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,876,472 shares of the asset manager’s stock after purchasing an additional 89,365 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Moelis & Company were worth $128,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. lifted its stake in Moelis & Company by 64.4% in the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after acquiring an additional 163 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in Moelis & Company by 2.1% in the fourth quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager’s stock worth $611,000 after acquiring an additional 180 shares during the last quarter. GW Henssler & Associates Ltd. lifted its stake in Moelis & Company by 5.6% in the fourth quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager’s stock worth $236,000 after acquiring an additional 181 shares during the last quarter. Bessemer Group Inc. lifted its stake in Moelis & Company by 89.8% in the third quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock worth $28,000 after acquiring an additional 184 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its stake in Moelis & Company by 1.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 16,955 shares of the asset manager’s stock worth $1,165,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MC. Wall Street Zen downgraded shares of Moelis & Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings downgraded shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Zacks Research downgraded shares of Moelis & Company from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Morgan Stanley decreased their price target on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Moelis & Company from $80.00 to $64.00 and set a “market perform” rating for the company in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $71.89.

Moelis & Company Trading Up 1.2%

Shares of NYSE:MC opened at $68.67 on Tuesday. The company has a market capitalization of $5.39 billion, a PE ratio of 24.70, a P/E/G ratio of 0.81 and a beta of 1.85. Moelis & Company has a twelve month low of $51.06 and a twelve month high of $78.22. The firm has a 50 day simple moving average of $64.48 and a 200-day simple moving average of $65.69.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). The company had revenue of $319.78 million for the quarter, compared to analysts’ expectations of $321.51 million. Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 EPS. As a group, equities research analysts predict that Moelis & Company will post 3.17 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, May 11th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, May 11th. Moelis & Company’s payout ratio is currently 93.53%.

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. 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.