US Bancorp DE Has $735,000 Stock Holdings in Moelis & Company (NYSE:MC)

US Bancorp DE increased its position in Moelis & Company (NYSE:MC) by 26.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,722 shares of the asset manager’s stock after purchasing an additional 2,256 shares during the quarter. US Bancorp DE’s holdings in Moelis & Company were worth $735,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its stake in Moelis & Company by 63.5% in the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after buying an additional 193 shares during the period. GAMMA Investing LLC increased its holdings in shares of Moelis & Company by 115.8% during the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after acquiring an additional 534 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Moelis & Company by 193.0% during the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock worth $74,000 after acquiring an additional 712 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Moelis & Company in the 3rd quarter valued at $75,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in Moelis & Company by 75.2% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,465 shares of the asset manager’s stock valued at $83,000 after purchasing an additional 629 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Stock Down 0.3 %

NYSE MC opened at $77.01 on Friday. The firm has a 50-day moving average price of $68.35 and a two-hundred day moving average price of $61.97. Moelis & Company has a 12-month low of $40.88 and a 12-month high of $81.60. The company has a market capitalization of $5.77 billion, a P/E ratio of 145.30 and a beta of 1.33.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $273.76 million during the quarter, compared to analysts’ expectations of $273.58 million. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) earnings per share. Equities analysts expect that Moelis & Company will post 0.97 EPS for the current year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, November 4th. Moelis & Company’s dividend payout ratio (DPR) is currently 452.83%.

Analyst Ratings Changes

Several equities analysts have commented on MC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 price objective (up from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. JPMorgan Chase & Co. upped their price target on shares of Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Wells Fargo & Company began coverage on shares of Moelis & Company in a research report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price objective for the company. UBS Group boosted their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley lowered their target price on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $60.83.

About Moelis & Company

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.