Corient Private Wealth LLC Invests $456,000 in Moelis & Company $MC

Corient Private Wealth LLC acquired a new stake in Moelis & Company (NYSE:MC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 7,314 shares of the asset manager’s stock, valued at approximately $456,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Fulton Bank N.A. grew its holdings in Moelis & Company by 2.9% during the 2nd quarter. Fulton Bank N.A. now owns 6,581 shares of the asset manager’s stock worth $410,000 after acquiring an additional 188 shares during the period. California State Teachers Retirement System grew its stake in shares of Moelis & Company by 0.3% in the 2nd quarter. California State Teachers Retirement System now owns 69,155 shares of the asset manager’s stock valued at $4,310,000 after buying an additional 209 shares during the period. Peak Financial Advisors LLC raised its stake in Moelis & Company by 2.9% during the 2nd quarter. Peak Financial Advisors LLC now owns 8,814 shares of the asset manager’s stock worth $549,000 after buying an additional 247 shares during the period. New England Research & Management Inc. raised its stake in Moelis & Company by 1.7% during the 2nd quarter. New England Research & Management Inc. now owns 15,375 shares of the asset manager’s stock worth $958,000 after buying an additional 250 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Moelis & Company by 0.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 76,913 shares of the asset manager’s stock worth $4,795,000 after acquiring an additional 262 shares in the last quarter. 91.53% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Seaport Res Ptn raised Moelis & Company from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 30th. BMO Capital Markets began coverage on shares of Moelis & Company in a report on Friday, October 3rd. They set a “market perform” rating and a $74.00 price objective on the stock. Keefe, Bruyette & Woods lowered Moelis & Company from an “outperform” rating to a “market perform” rating and raised their target price for the company from $78.00 to $80.00 in a report on Tuesday, December 16th. Zacks Research lowered shares of Moelis & Company from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Finally, UBS Group began coverage on shares of Moelis & Company in a research note on Thursday, December 11th. They issued a “neutral” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $71.63.

Moelis & Company Stock Performance

NYSE MC opened at $71.59 on Monday. The company has a market capitalization of $5.61 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 0.75 and a beta of 1.90. Moelis & Company has a 52-week low of $47.00 and a 52-week high of $82.89. The company has a 50-day simple moving average of $66.47 and a 200 day simple moving average of $68.10.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Moelis & Company had a net margin of 15.98% and a return on equity of 45.62%. The firm had revenue of $356.89 million during the quarter, compared to the consensus estimate of $336.14 million. During the same period in the prior year, the firm earned $0.22 EPS. The company’s revenue was up 30.4% compared to the same quarter last year. As a group, analysts forecast that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 10th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, November 10th. Moelis & Company’s payout ratio is currently 86.96%.

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.