First National Bank of Omaha Makes New $3.19 Million Investment in Moelis & Company $MC

First National Bank of Omaha bought a new stake in Moelis & Company (NYSE:MC) in the third quarter, HoldingsChannel reports. The fund bought 44,755 shares of the asset manager’s stock, valued at approximately $3,192,000.

Other institutional investors have also modified their holdings of the company. Azora Capital LP acquired a new stake in Moelis & Company during the 2nd quarter worth approximately $46,762,000. The Manufacturers Life Insurance Company raised its holdings in shares of Moelis & Company by 1,161.8% during the second quarter. The Manufacturers Life Insurance Company now owns 661,594 shares of the asset manager’s stock worth $41,231,000 after acquiring an additional 609,162 shares during the period. Norges Bank bought a new stake in Moelis & Company in the 2nd quarter valued at $31,248,000. Geode Capital Management LLC lifted its position in Moelis & Company by 26.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,052,862 shares of the asset manager’s stock valued at $127,947,000 after acquiring an additional 424,138 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its stake in Moelis & Company by 91.2% in the 3rd quarter. Tributary Capital Management LLC now owns 793,600 shares of the asset manager’s stock worth $56,600,000 after purchasing an additional 378,636 shares during the period. Institutional investors own 91.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MC. UBS Group boosted their price target on Moelis & Company from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. upped their price target on Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Bank of America initiated coverage on shares of Moelis & Company in a research note on Monday, January 26th. They set a “neutral” rating and a $81.00 price target for the company. Keefe, Bruyette & Woods cut shares of Moelis & Company from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $78.00 to $80.00 in a report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Moelis & Company in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $76.33.

Moelis & Company Trading Up 1.5%

NYSE MC opened at $63.96 on Thursday. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $78.57. The stock has a 50 day moving average of $71.68 and a 200-day moving average of $69.82. The company has a market cap of $5.01 billion, a PE ratio of 21.75, a PEG ratio of 0.68 and a beta of 1.87.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, February 4th. The asset manager reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.37. The business had revenue of $487.94 million for the quarter, compared to the consensus estimate of $430.17 million. Moelis & Company had a net margin of 15.36% and a return on equity of 43.19%. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.18 earnings per share. As a group, sell-side analysts predict that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, February 17th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, February 17th. Moelis & Company’s dividend payout ratio is presently 88.44%.

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.