Healthcare of Ontario Pension Plan Trust Fund Purchases New Holdings in Moelis & Company $MC

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Moelis & Company (NYSE:MC) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 7,494 shares of the asset manager’s stock, valued at approximately $427,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Root Financial Partners LLC raised its stake in shares of Moelis & Company by 292.2% during the first quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 339 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Moelis & Company in the 4th quarter worth $27,000. Hantz Financial Services Inc. grew its position in shares of Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after buying an additional 163 shares in the last quarter. Allworth Financial LP increased its stake in shares of Moelis & Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after buying an additional 254 shares during the period. Finally, eCIO Inc. bought a new position in Moelis & Company during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Analysts Set New Price Targets

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

Moelis & Company Trading Up 0.0%

NYSE:MC opened at $67.08 on Monday. The firm has a fifty day simple moving average of $67.25 and a 200-day simple moving average of $65.24. The company has a market capitalization of $5.27 billion, a P/E ratio of 23.37, a PEG ratio of 0.86 and a beta of 1.84. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data 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 return on equity of 39.59% and a net margin of 14.50%.The business had revenue of $409.39 million for the quarter, compared to analyst estimates of $387.27 million. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s revenue was up 12.0% on a year-over-year basis. Equities analysts forecast that Moelis & Company will post 3.13 EPS for the current year.

Moelis & Company Announces Dividend

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