2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. decreased its stake in Moelis & Company ( NYSE:MC – Free Report ) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 352,868 shares of the asset manager’s stock after selling 1,892 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.
47% of Moelis & Company worth $26,070,000 at the end of the most recent quarter. A number of other large investors have also recently bought and sold shares of MC. CIBC Private Wealth Group LLC lifted its holdings in shares of Moelis & Company by 52.
5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 137 shares during the period. Arizona State Retirement System lifted its holdings in Moelis & Company by 0.
8% during the 4th quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager’s stock valued at $1,509,000 after purchasing an additional 163 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Moelis & Company by 18.
1% during the 4th quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 180 shares during the last quarter. Choreo LLC boosted its position in Moelis & Company by 4.
0% in the fourth quarter. Choreo LLC now owns 4,831 shares of the asset manager’s stock valued at $358,000 after buying an additional 187 shares in the last quarter. Finally, Heritage Family Offices LLP grew its stake in 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 buying an additional 213 shares during the last quarter. 91.
53% of the stock is currently owned by institutional investors. Analysts Set New Price Targets Several research analysts have recently commented on the company. Wells Fargo & Company reduced their target price on Moelis & Company from $63.
00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Morgan Stanley cut their price objective on Moelis & Company from $70.
00 to $42.00 and set an “underweight” rating for the company in a research report on Monday, April 7th. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a report on Thursday, February 6th.
Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 target price (up from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th.
Finally, StockNews.com downgraded shares of Moelis & Company from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock.
Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $62.50.
Insider Buying and Selling at Moelis & Company In other Moelis & Company news, CEO Kenneth Moelis sold 9,712 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $718,688.
00. Following the transaction, the chief executive officer now owns 209,235 shares in the company, valued at approximately $15,483,390. This trade represents a 4.
44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, Director Kenneth Shropshire sold 2,551 shares of the business’s stock in a transaction dated Friday, February 21st.
The stock was sold at an average price of $72.30, for a total value of $184,437.30.
Following 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 disclosure for this sale can be found here . Over the last ninety days, insiders have sold 22,721 shares of company stock valued at $1,677,017. 6.
40% of the stock is currently owned by insiders. Moelis & Company Stock Down 0.5 % Shares of MC opened at $50.
54 on Monday. The stock’s fifty day simple moving average is $64.25 and its 200-day simple moving average is $70.
14. The firm has a market capitalization of $3.79 billion, a PE ratio of 28.
71 and a beta of 1.53. Moelis & Company has a 12-month low of $46.
24 and a 12-month high of $82.89. Moelis & Company ( NYSE:MC – Get Free Report ) last released its earnings results on Wednesday, February 5th.
The asset manager reported $1.18 earnings per share (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%. 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 was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 18th were paid a $0.65 dividend.
The ex-dividend date of this dividend was Tuesday, February 18th. This is a boost from Moelis & Company’s previous quarterly dividend of $0.60.
This represents a $2.60 dividend on an annualized basis and a yield of 5.14%.
Moelis & Company’s dividend payout ratio (DPR) is presently 147.73%. Moelis & Company Profile ( Free Report ) 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. Featured Stories Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with MarketBeat.
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