Public Sector Pension Investment Board Sells 5,500 Shares of Moelis & Company (NYSE:MC)

Public Sector Pension Investment Board trimmed its position in shares of Moelis & Company (NYSE:MC) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 149,314 shares of the asset manager’s stock after selling 5,500 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.20% of Moelis & Company worth $10,230,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Trust Point Inc. boosted its position in Moelis & Company by 0.8% during the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock valued at $1,300,000 after acquiring an additional 147 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in shares of Moelis & Company by 1.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock worth $946,000 after purchasing an additional 172 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in shares of Moelis & Company by 1.4% in the 2nd quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock worth $788,000 after purchasing an additional 188 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Moelis & Company by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock worth $409,000 after purchasing an additional 192 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Moelis & Company by 63.5% in the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after purchasing an additional 193 shares in the last quarter. 91.53% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MC has been the topic of a number of analyst reports. Wells Fargo & Company initiated coverage on Moelis & Company in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price target on the stock. Morgan Stanley dropped their price target on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a research report on Thursday, October 24th. Finally, UBS Group boosted their price target on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, Moelis & Company has a consensus rating of “Hold” and a consensus target price of $60.83.

Moelis & Company Stock Down 1.4 %

Shares of NYSE MC opened at $75.85 on Friday. Moelis & Company has a twelve month low of $45.45 and a twelve month high of $81.60. The firm has a market cap of $5.68 billion, a P/E ratio of 143.11 and a beta of 1.33. The company has a 50 day moving average of $71.04 and a 200 day moving average of $64.21.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The company had revenue of $273.76 million during the quarter, compared to analyst estimates of $273.58 million. During the same period in the previous year, the business earned ($0.15) EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts expect that Moelis & Company will post 0.96 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.16%. Moelis & Company’s dividend payout ratio is presently 452.83%.

Moelis & Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.