Healthcare of Ontario Pension Plan Trust Fund Makes New Investment in Moelis & Company $MC

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Moelis & Company (NYSE:MC) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 7,494 shares of the asset manager’s stock, valued at approximately $427,000.

Other large investors have also recently modified their holdings of the company. Hsbc Holdings PLC raised its holdings in Moelis & Company by 541.5% in the fourth quarter. Hsbc Holdings PLC now owns 19,726 shares of the asset manager’s stock worth $1,364,000 after purchasing an additional 16,651 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Moelis & Company by 11.0% during the fourth quarter. Natixis Advisors LLC now owns 1,019,832 shares of the asset manager’s stock valued at $70,103,000 after purchasing an additional 100,956 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Moelis & Company by 10.3% during the fourth quarter. HighTower Advisors LLC now owns 1,385,692 shares of the asset manager’s stock valued at $95,253,000 after purchasing an additional 129,368 shares during the last quarter. Madison Asset Management LLC boosted its position in shares of Moelis & Company by 45.6% in the 1st quarter. Madison Asset Management LLC now owns 1,773,735 shares of the asset manager’s stock worth $101,103,000 after purchasing an additional 555,557 shares in the last quarter. Finally, Capital Management Corp VA grew its stake in shares of Moelis & Company by 35.2% in the 4th quarter. Capital Management Corp VA now owns 308,624 shares of the asset manager’s stock worth $21,215,000 after buying an additional 80,297 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MC. Morgan Stanley boosted their target price on Moelis & Company from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday. Wall Street Zen raised Moelis & Company from a “sell” rating to a “hold” rating in a research report on Saturday. UBS Group restated a “sell” rating and issued a $60.00 price target (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Weiss Ratings cut Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods lowered their target price on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $73.62.

Moelis & Company Price Performance

NYSE MC opened at $67.08 on Monday. The stock has a market capitalization of $5.27 billion, a PE ratio of 23.37, a P/E/G ratio of 0.86 and a beta of 1.84. Moelis & Company has a 1-year low of $51.06 and a 1-year high of $78.22. The business has a 50 day simple moving average of $67.25 and a two-hundred day simple moving average of $65.24.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. The firm had revenue of $409.39 million during the quarter, compared to analyst estimates of $387.27 million. During the same period last year, the firm posted $0.53 earnings per share. Moelis & Company’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, analysts anticipate that Moelis & Company will post 3.13 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Shareholders of record on Monday, August 10th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, August 10th. This represents a $2.60 dividend on an annualized basis and a yield of 3.9%. Moelis & Company’s dividend payout ratio is 90.59%.

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.