Moelis & Company (NYSE:MC) Director Kenneth Shropshire Sells 2,551 Shares

Moelis & Company (NYSE:MC) Director Kenneth Shropshire sold 2,551 shares of the business’s stock in a transaction 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 sale, the director now owns 6,940 shares of the company’s stock, valued at $501,762. This trade represents a 26.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Moelis & Company Stock Down 3.0 %

Shares of NYSE:MC traded down $2.20 during trading on Friday, reaching $71.37. 1,220,221 shares of the company traded hands, compared to its average volume of 776,971. The company’s 50 day moving average is $75.73 and its two-hundred day moving average is $71.58. The firm has a market capitalization of $5.35 billion, a PE ratio of 40.55 and a beta of 1.40. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $82.89.

Moelis & Company (NYSE:MC) last released its earnings results 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 return on equity of 38.49% and a net margin of 11.39%. As a group, research analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Increases Dividend

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

Institutional Trading of Moelis & Company

Several institutional investors and hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp lifted its position in shares of Moelis & Company by 62.8% during the 4th quarter. Mackenzie Financial Corp now owns 19,960 shares of the asset manager’s stock worth $1,475,000 after buying an additional 7,697 shares during the last quarter. Palisades Investment Partners LLC lifted its position in shares of Moelis & Company by 9.3% during the 4th quarter. Palisades Investment Partners LLC now owns 76,526 shares of the asset manager’s stock worth $5,654,000 after buying an additional 6,511 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Moelis & Company by 21.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 175,795 shares of the asset manager’s stock worth $12,988,000 after buying an additional 30,592 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Moelis & Company by 63.6% during the 4th quarter. Two Sigma Advisers LP now owns 39,600 shares of the asset manager’s stock worth $2,926,000 after buying an additional 15,400 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Moelis & Company by 41.7% during the 4th quarter. Tidal Investments LLC now owns 26,671 shares of the asset manager’s stock worth $1,970,000 after buying an additional 7,847 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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