Moelis & Company (NYSE:MC) Insider Christopher Callesano Sells 1,282 Shares

Moelis & Company (NYSE:MC) insider Christopher Callesano sold 1,282 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $94,868.00. Following the transaction, the insider now owns 1,227 shares of the company’s stock, valued at approximately $90,798. This represents a 51.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Moelis & Company Price Performance

NYSE:MC opened at $71.37 on Friday. The firm has a 50-day moving average of $75.73 and a two-hundred day moving average of $71.58. The stock has a market cap of $5.35 billion, a P/E ratio of 40.55 and a beta of 1.40. Moelis & Company has a 1-year low of $46.24 and a 1-year high of $82.89.

Moelis & Company (NYSE:MC) last released 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%. As a group, equities analysts expect that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.65 per share. This is a boost from Moelis & Company’s previous quarterly dividend of $0.60. The ex-dividend date 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%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MC. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. Morgan Stanley lifted their target price on Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. The Goldman Sachs Group raised their price target on Moelis & Company from $79.00 to $87.00 and gave the stock a “neutral” rating in a report on Thursday, February 6th. StockNews.com lowered Moelis & Company from a “buy” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Company lifted their price objective on Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $78.83.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Moelis & Company during the 3rd quarter worth approximately $3,433,000. Natixis Advisors LLC lifted its position in Moelis & Company by 13.7% during the 3rd 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 last quarter. Hodges Capital Management Inc. acquired a new position in Moelis & Company during the 4th quarter worth $9,149,000. Cerity Partners LLC lifted its position in Moelis & Company by 129.8% during the 3rd 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 last quarter. Finally, Charles Schwab Investment Management Inc. raised its position 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 valued at $63,229,000 after buying an additional 16,830 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

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.