Moelis & Company (NYSE:MC) Chairman Kenneth Moelis sold 30,656 shares of Moelis & stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $42.67, for a total value of $1,308,091.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Kenneth Moelis also recently made the following trade(s):
- On Friday, October 27th, Kenneth Moelis sold 9,500 shares of Moelis & stock. The stock was sold at an average price of $42.41, for a total value of $402,895.00.
- On Tuesday, October 31st, Kenneth Moelis sold 40,800 shares of Moelis & stock. The stock was sold at an average price of $42.66, for a total value of $1,740,528.00.
Shares of Moelis & Company (NYSE:MC) opened at $44.35 on Tuesday. Moelis & Company has a 1-year low of $28.00 and a 1-year high of $45.50. The firm has a market capitalization of $2,318.20, a P/E ratio of 17.90, a P/E/G ratio of 1.82 and a beta of 1.87.
Moelis & (NYSE:MC) last posted its earnings results on Wednesday, October 25th. The asset manager reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $170.00 million during the quarter, compared to analyst estimates of $168.51 million. During the same period in the previous year, the company earned $0.44 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. equities research analysts forecast that Moelis & Company will post 2.42 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.48 annualized dividend and a yield of 3.34%. Moelis &’s dividend payout ratio (DPR) is currently 70.81%.
A number of equities research analysts have commented on MC shares. JMP Securities raised their price objective on Moelis & from $42.00 to $44.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 25th. Morgan Stanley lifted their price target on Moelis & from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, July 25th. BidaskClub lowered Moelis & from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Moelis & from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a report on Tuesday, October 31st. Finally, Bank of America Corporation lifted their price target on Moelis & from $43.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Moelis & currently has an average rating of “Buy” and a consensus target price of $42.00.
A number of institutional investors and hedge funds have recently bought and sold shares of MC. Parametric Portfolio Associates LLC acquired a new stake in Moelis & in the 1st quarter worth approximately $943,000. Envestnet Asset Management Inc. lifted its holdings in Moelis & by 11.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,030 shares of the asset manager’s stock worth $117,000 after purchasing an additional 315 shares during the last quarter. American International Group Inc. increased its position in 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 buying an additional 3,546 shares during the period. Alliancebernstein L.P. increased its position in Moelis & by 80.7% in the 1st quarter. Alliancebernstein L.P. now owns 40,520 shares of the asset manager’s stock worth $1,560,000 after buying an additional 18,100 shares during the period. Finally, Wellington Management Group LLP increased its position in Moelis & by 1.4% in the 1st quarter. Wellington Management Group LLP now owns 123,561 shares of the asset manager’s stock worth $4,758,000 after buying an additional 1,762 shares during the period. Hedge funds and other institutional investors own 90.80% of the company’s stock.
Moelis & Company Profile
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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