Moelis & Company (NYSE:MC) Insider Sells $94,868.00 in Stock

Moelis & Company (NYSE:MC) insider Christopher Callesano sold 1,282 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $94,868.00. Following the transaction, the insider now owns 1,227 shares of the company’s stock, valued at approximately $90,798. The trade was a 51.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Moelis & Company Stock Performance

Shares of NYSE:MC opened at $71.37 on Friday. The company has a 50-day simple moving average of $75.73 and a 200-day simple moving average of $71.66. Moelis & Company has a one year low of $46.24 and a one year high of $82.89. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 40.55 and a beta of 1.40.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, February 5th. The asset manager reported $1.18 EPS 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%. As a group, research analysts forecast that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.64%. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 18th. Moelis & Company’s payout ratio is 147.73%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Moelis & Company during the third quarter worth about $3,433,000. Natixis Advisors LLC increased its stake in shares of Moelis & Company by 13.7% during the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock worth $55,141,000 after acquiring an additional 96,720 shares during the period. Hodges Capital Management Inc. acquired a new position in shares of Moelis & Company during the fourth quarter worth about $9,149,000. Cerity Partners LLC increased its stake in shares of Moelis & Company by 129.8% during the third quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager’s stock worth $949,000 after acquiring an additional 7,819 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Moelis & Company by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock worth $63,229,000 after acquiring an additional 16,830 shares during the period. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MC. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price target (up from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. Wells Fargo & Company boosted their price target on shares of Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. StockNews.com cut shares of Moelis & Company from a “buy” rating to a “hold” rating in a research report on Friday. Finally, The Goldman Sachs Group boosted their price target on shares of Moelis & Company from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $78.83.

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.