Vanguard Group Inc. Sells 14,841 Shares of Moelis & Company (NYSE:MC)

Vanguard Group Inc. decreased its holdings in shares of Moelis & Company (NYSE:MC) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,772,642 shares of the asset manager’s stock after selling 14,841 shares during the period. Vanguard Group Inc. owned approximately 10.92% of Moelis & Company worth $436,278,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MC. Norges Bank bought a new stake in Moelis & Company during the fourth quarter valued at $41,720,000. Goldman Sachs Group Inc. raised its position in Moelis & Company by 11.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,374,385 shares of the asset manager’s stock valued at $189,404,000 after purchasing an additional 334,620 shares in the last quarter. Northern Trust Corp raised its position in Moelis & Company by 32.7% during the third quarter. Northern Trust Corp now owns 927,705 shares of the asset manager’s stock valued at $41,867,000 after purchasing an additional 228,840 shares in the last quarter. Azora Capital LP purchased a new stake in Moelis & Company during the fourth quarter valued at about $10,601,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in Moelis & Company by 22.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 752,615 shares of the asset manager’s stock valued at $42,244,000 after purchasing an additional 136,235 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, insider Navid Mahmoodzadegan sold 44,980 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $54.92, for a total transaction of $2,470,301.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Moelis & Company news, insider Navid Mahmoodzadegan sold 44,980 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $54.92, for a total transaction of $2,470,301.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kenneth Moelis sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $53.98, for a total value of $2,159,200.00. Following the transaction, the chief executive officer now owns 42,441 shares in the company, valued at approximately $2,290,965.18. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.

Moelis & Company Trading Up 0.9 %

MC opened at $53.31 on Thursday. The company has a market cap of $3.99 billion, a P/E ratio of -280.58 and a beta of 1.35. The business’s 50-day moving average price is $53.94 and its 200-day moving average price is $54.56. Moelis & Company has a 12 month low of $38.58 and a 12 month high of $58.67.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The business had revenue of $217.49 million during the quarter, compared to analyst estimates of $219.30 million. Moelis & Company had a negative return on equity of 0.12% and a negative net margin of 1.33%. Moelis & Company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. Equities research analysts forecast that Moelis & Company will post 1.29 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, May 6th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Friday, May 3rd. Moelis & Company’s payout ratio is -1,263.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 price target (down previously from $58.00) on shares of Moelis & Company in a research report on Thursday, April 25th. The Goldman Sachs Group upgraded Moelis & Company from a “sell” rating to a “neutral” rating and raised their price target for the company from $53.00 to $58.00 in a research report on Wednesday, March 13th. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. Finally, UBS Group raised their price target on Moelis & Company from $45.00 to $47.00 and gave the company a “sell” rating in a research report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, Moelis & Company has an average rating of “Hold” and a consensus price target of $50.80.

Moelis & Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.