Moelis & Company (NYSE:MC) Plans Quarterly Dividend of $0.65

Moelis & Company (NYSE:MC) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Monday, August 10th will be given a dividend of 0.65 per share by the asset manager on Thursday, September 17th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, August 10th.

Moelis & Company has decreased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Moelis & Company has a dividend payout ratio of 92.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Moelis & Company to earn $4.25 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 61.2%.

Moelis & Company Trading Down 4.7%

Moelis & Company stock opened at $65.34 on Thursday. Moelis & Company has a 52 week low of $51.06 and a 52 week high of $78.22. The stock has a market cap of $5.13 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 0.87 and a beta of 1.85. The stock has a 50 day moving average of $67.17 and a 200-day moving average of $65.34.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $409.39 million for the quarter, compared to analysts’ expectations of $387.27 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. As a group, equities analysts predict that Moelis & Company will post 3.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Moelis & Company

Several large investors have recently modified their holdings of MC. Allied Private Wealth LLC acquired a new position in Moelis & Company during the second quarter worth $25,000. Root Financial Partners LLC grew its stake in Moelis & Company by 292.2% during the first quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock worth $26,000 after buying an additional 339 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Moelis & Company during the fourth quarter worth approximately $27,000. Hantz Financial Services Inc. raised its stake in shares of Moelis & Company by 64.4% in the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 163 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of Moelis & Company by 153.9% in the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 254 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

About Moelis & Company

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.