Nisa Investment Advisors LLC Has $277,000 Stock Position in Moelis & Company (NYSE:MC)

Nisa Investment Advisors LLC boosted its holdings in shares of Moelis & Company (NYSE:MC) by 108.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,043 shares of the asset manager’s stock after purchasing an additional 2,100 shares during the period. Nisa Investment Advisors LLC’s holdings in Moelis & Company were worth $277,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MC. Trust Point Inc. grew its holdings in shares of Moelis & Company by 0.8% during the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock valued at $1,300,000 after purchasing an additional 147 shares during the last quarter. SkyView Investment Advisors LLC boosted its position in Moelis & Company by 1.4% in the second quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock valued at $788,000 after buying an additional 188 shares in the last quarter. Bank of Montreal Can grew its stake in shares of Moelis & Company by 2.7% during the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock worth $409,000 after buying an additional 192 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Moelis & Company by 63.5% during the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after buying an additional 193 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Moelis & Company by 3.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,390 shares of the asset manager’s stock worth $363,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Price Performance

Shares of MC opened at $80.50 on Thursday. The business has a 50-day moving average of $67.94 and a 200-day moving average of $61.64. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 151.89 and a beta of 1.33. Moelis & Company has a 1 year low of $40.88 and a 1 year high of $80.61.

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

Moelis & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend is Monday, November 4th. Moelis & Company’s dividend payout ratio is presently 452.83%.

Wall Street Analyst Weigh In

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