Dakota Wealth Management Purchases New Position in Moelis & Company (NYSE:MC)

Dakota Wealth Management purchased a new stake in Moelis & Company (NYSE:MC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,459 shares of the asset manager’s stock, valued at approximately $256,000.

Several other large investors have also added to or reduced their stakes in the business. Reston Wealth Management LLC bought a new position in shares of Moelis & Company during the 3rd quarter worth approximately $26,000. GAMMA Investing LLC lifted its position in shares of Moelis & Company by 115.8% during the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after buying an additional 534 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Moelis & Company by 193.0% during the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock worth $74,000 after buying an additional 712 shares in the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Moelis & Company during the 3rd quarter worth approximately $75,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Moelis & Company during the 3rd quarter worth approximately $130,000. Institutional investors own 91.53% of the company’s stock.

Wall Street Analysts Forecast Growth

MC has been the subject of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods upgraded shares of Moelis & Company from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $71.00 to $86.00 in a research note on Friday, December 20th. Morgan Stanley upgraded shares of Moelis & Company from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $66.00 to $92.00 in a research note on Monday, December 9th. Finally, UBS Group raised their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $70.67.

Moelis & Company Trading Up 0.3 %

Moelis & Company stock opened at $78.12 on Monday. Moelis & Company has a 1-year low of $46.24 and a 1-year high of $81.60. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 147.40 and a beta of 1.39. The firm has a 50 day simple moving average of $74.98 and a 200 day simple moving average of $69.94.

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.