Teacher Retirement System of Texas Makes New $1.84 Million Investment in Moelis & Company (NYSE:MC)

Teacher Retirement System of Texas acquired a new position in Moelis & Company (NYSE:MC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,842 shares of the asset manager's stock, valued at approximately $1,835,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System boosted its stake in Moelis & Company by 0.8% in the 4th quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager's stock worth $1,509,000 after purchasing an additional 163 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Moelis & Company by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock worth $87,000 after buying an additional 180 shares in the last quarter. Choreo LLC boosted its position in shares of Moelis & Company by 4.0% during the fourth quarter. Choreo LLC now owns 4,831 shares of the asset manager's stock worth $358,000 after acquiring an additional 187 shares during the last quarter. Heritage Family Offices LLP boosted its position in shares of Moelis & Company by 5.0% during the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager's stock worth $330,000 after acquiring an additional 213 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in Moelis & Company by 0.4% during the third quarter. Fisher Asset Management LLC now owns 62,570 shares of the asset manager's stock valued at $4,287,000 after acquiring an additional 220 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors.

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Moelis & Company Price Performance

Shares of Moelis & Company stock traded down $1.03 during trading on Monday, hitting $56.88. The stock had a trading volume of 49,002 shares, compared to its average volume of 692,836. The stock has a market cap of $4.26 billion, a PE ratio of 32.32 and a beta of 1.43. Moelis & Company has a 12 month low of $46.24 and a 12 month high of $82.89. The firm's fifty day simple moving average is $70.16 and its 200-day simple moving average is $71.48.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. Analysts expect that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 18th were paid a $0.65 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $2.60 annualized dividend and a yield of 4.57%. This is a boost from Moelis & Company's previous quarterly dividend of $0.60. Moelis & Company's dividend payout ratio is 147.73%.

Insiders Place Their Bets

In related news, Director Kenneth Shropshire sold 2,551 shares of the business's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $72.30, for a total value of $184,437.30. Following the completion of the transaction, the director now owns 6,940 shares of the company's stock, valued at $501,762. The trade was a 26.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christopher Callesano sold 1,282 shares of the company's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $94,868.00. Following the sale, the insider now owns 1,227 shares of the company's stock, valued at approximately $90,798. This represents a 51.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,721 shares of company stock worth $1,677,017 in the last ninety days. 6.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of Moelis & Company from $77.00 to $83.00 and gave the company an "equal weight" rating in a report on Thursday, February 6th. StockNews.com lowered Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price objective (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a research report on Thursday, February 6th. Finally, Morgan Stanley restated an "underweight" rating and issued a $70.00 price target (down previously from $100.00) on shares of Moelis & Company in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $71.83.

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.