Moelis & Company (NYSE:MC) CEO Kenneth Moelis sold 9,500 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $42.41, for a total transaction of $402,895.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kenneth Moelis also recently made the following trade(s):
- On Thursday, November 2nd, Kenneth Moelis sold 30,656 shares of Moelis & stock. The shares were sold at an average price of $42.67, for a total transaction of $1,308,091.52.
- On Tuesday, October 31st, Kenneth Moelis sold 40,800 shares of Moelis & stock. The shares were sold at an average price of $42.66, for a total transaction of $1,740,528.00.
Shares of Moelis & Company (NYSE:MC) opened at $43.50 on Friday. Moelis & Company has a 12-month low of $27.25 and a 12-month high of $45.50. The stock has a market capitalization of $2,317.51, a price-to-earnings ratio of 17.90, a PEG ratio of 1.82 and a beta of 1.87.
Moelis & (NYSE:MC) last issued its earnings results on Wednesday, October 25th. The asset manager reported $0.57 EPS for the quarter, topping the consensus estimate of $0.42 by $0.15. Moelis & had a return on equity of 52.76% and a net margin of 9.62%. The business had revenue of $170.00 million during the quarter, compared to the consensus estimate of $168.51 million. During the same quarter last year, the company earned $0.44 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. analysts predict that Moelis & Company will post 2.42 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Friday, November 3rd. Moelis &’s dividend payout ratio (DPR) is presently 70.81%.
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A number of brokerages have weighed in on MC. UBS AG increased their price target on shares of Moelis & from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, October 26th. JMP Securities lifted their price objective on shares of Moelis & from $44.00 to $47.00 and gave the stock a “market outperform” rating in a research note on Thursday, October 26th. Morgan Stanley lifted their price target on shares of Moelis & from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Bank of America Corporation lifted their price objective on shares of Moelis & from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of Moelis & from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Moelis & presently has a consensus rating of “Buy” and a consensus target price of $42.00.
Institutional investors and hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC bought a new position in Moelis & during the first quarter valued at approximately $943,000. Envestnet Asset Management Inc. increased its holdings in shares of Moelis & by 11.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,030 shares of the asset manager’s stock valued at $117,000 after acquiring an additional 315 shares during the period. American International Group Inc. boosted its position in shares of Moelis & by 33.2% in the 1st quarter. American International Group Inc. now owns 14,232 shares of the asset manager’s stock worth $548,000 after purchasing an additional 3,546 shares in the last quarter. Alliancebernstein L.P. lifted its position in Moelis & by 80.7% during the 1st quarter. Alliancebernstein L.P. now owns 40,520 shares of the asset manager’s stock worth $1,560,000 after acquiring an additional 18,100 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Moelis & by 10.5% during the 1st quarter. Principal Financial Group Inc. now owns 278,550 shares of the asset manager’s stock worth $10,724,000 after acquiring an additional 26,538 shares during the period. Institutional investors and hedge funds own 90.80% of the company’s stock.
About Moelis &
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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