Moelis & Company (NYSE:MC) CEO Kenneth Moelis Sells 9,712 Shares

Moelis & Company (NYSE:MC) CEO Kenneth Moelis sold 9,712 shares of the business’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $718,688.00. Following the completion of the sale, the chief executive officer now directly owns 209,235 shares of the company’s stock, valued at approximately $15,483,390. The trade was a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Moelis & Company Stock Down 3.0 %

MC opened at $71.37 on Monday. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89. The company has a 50-day simple moving average of $75.73 and a 200 day simple moving average of $71.74. 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 posted its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. Sell-side analysts anticipate that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of MC. Reston Wealth Management LLC acquired a new position in Moelis & Company during the third quarter worth about $26,000. CIBC Private Wealth Group LLC raised its stake in Moelis & Company by 52.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager’s stock worth $30,000 after acquiring an additional 137 shares in the last quarter. Headlands Technologies LLC acquired a new position in Moelis & Company during the fourth quarter worth about $31,000. R Squared Ltd acquired a new position in Moelis & Company during the fourth quarter worth about $47,000. Finally, Jones Financial Companies Lllp raised its stake in Moelis & Company by 148.3% during the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager’s stock worth $61,000 after acquiring an additional 491 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Wall Street Analysts Forecast Growth

MC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 target price (up previously from $86.00) on shares of Moelis & Company 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. Wells Fargo & Company boosted their target price 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. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their target price 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 issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and an average target price 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.