Choreo LLC Purchases 187 Shares of Moelis & Company (NYSE:MC)

Choreo LLC lifted its position in shares of Moelis & Company (NYSE:MC) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,831 shares of the asset manager’s stock after purchasing an additional 187 shares during the period. Choreo LLC’s holdings in Moelis & Company were worth $358,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Trust Point Inc. grew its stake in Moelis & Company by 0.8% in the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock valued at $1,300,000 after buying an additional 147 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in shares of Moelis & Company by 1.3% in the third quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock valued at $946,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Moelis & Company by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 180 shares during the last quarter. Heritage Family Offices LLP grew its position in shares of Moelis & Company by 5.0% in the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager’s stock valued at $330,000 after purchasing an additional 213 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of Moelis & Company by 0.4% in the third quarter. Fisher Asset Management LLC now owns 62,570 shares of the asset manager’s stock valued at $4,287,000 after purchasing an additional 220 shares during the last quarter. 91.53% of the stock is owned by institutional investors.

Moelis & Company Stock Performance

Shares of NYSE MC opened at $76.03 on Thursday. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $82.89. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 43.20 and a beta of 1.40. The firm’s 50-day simple moving average is $75.65 and its 200 day simple moving average is $71.13.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. On average, sell-side analysts predict that Moelis & Company will post 2.57 EPS for the current year.

Moelis & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.65 per share. The ex-dividend date is Tuesday, February 18th. This represents a $2.60 annualized dividend and a dividend yield of 3.42%. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. Moelis & Company’s dividend payout ratio (DPR) is presently 136.36%.

Analysts Set New Price Targets

Several equities analysts have recently commented on MC shares. The Goldman Sachs Group upped their target price on Moelis & Company from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price target on Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Morgan Stanley boosted their price target on Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $92.00 price target (up from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $78.83.

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.