Inceptionr LLC Makes New Investment in Moelis & Company $MC

Inceptionr LLC acquired a new stake in shares of Moelis & Company (NYSE:MC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,348 shares of the asset manager’s stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in MC. Wasatch Advisors LP raised its holdings in shares of Moelis & Company by 9.0% during the first quarter. Wasatch Advisors LP now owns 3,742,624 shares of the asset manager’s stock valued at $213,330,000 after acquiring an additional 310,001 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Moelis & Company by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,194,479 shares of the asset manager’s stock worth $219,588,000 after purchasing an additional 66,697 shares during the period. State Street Corp boosted its stake in Moelis & Company by 3.2% in the 2nd quarter. State Street Corp now owns 2,862,337 shares of the asset manager’s stock worth $178,381,000 after purchasing an additional 89,143 shares during the period. Ameriprise Financial Inc. grew its position in Moelis & Company by 6.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,396,230 shares of the asset manager’s stock worth $149,333,000 after purchasing an additional 135,885 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Moelis & Company by 5.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,876,472 shares of the asset manager’s stock worth $128,989,000 after purchasing an additional 89,365 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Stock Down 0.0%

Shares of Moelis & Company stock opened at $66.97 on Monday. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22. The stock has a 50 day moving average price of $66.95 and a two-hundred day moving average price of $65.51. The stock has a market capitalization of $5.26 billion, a P/E ratio of 24.09, a PEG ratio of 0.85 and a beta of 1.85.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The firm had revenue of $319.78 million during the quarter, compared to the consensus estimate of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. Sell-side analysts anticipate that Moelis & Company will post 3.17 earnings per share for the current year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, May 11th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Monday, May 11th. Moelis & Company’s dividend payout ratio is 93.53%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MC. UBS Group reaffirmed a “sell” rating and set a $60.00 target price (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Wall Street Zen lowered shares of Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods decreased their price target on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Friday, July 10th. Finally, The Goldman Sachs Group lowered their price objective on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.38.

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.