8,782 Shares in Moelis & Company $MC Purchased by Indivisible Partners

Indivisible Partners purchased a new position in Moelis & Company (NYSE:MC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,782 shares of the asset manager’s stock, valued at approximately $604,000.

Several other institutional investors also recently modified their holdings of MC. Integrated Wealth Concepts LLC increased its stake in shares of Moelis & Company by 9.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager’s stock worth $280,000 after acquiring an additional 432 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Moelis & Company by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,080 shares of the asset manager’s stock worth $2,456,000 after acquiring an additional 1,839 shares in the last quarter. United Services Automobile Association bought a new position in shares of Moelis & Company in the 1st quarter worth about $264,000. Empowered Funds LLC increased its stake in shares of Moelis & Company by 37.6% in the 1st quarter. Empowered Funds LLC now owns 42,828 shares of the asset manager’s stock worth $2,499,000 after acquiring an additional 11,692 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Moelis & Company by 14.2% in the 2nd quarter. Creative Planning now owns 6,639 shares of the asset manager’s stock worth $414,000 after acquiring an additional 827 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MC. Keefe, Bruyette & Woods reduced their price objective on shares of Moelis & Company from $80.00 to $64.00 and set a “market perform” rating for the company in a research note on Wednesday, April 8th. Wall Street Zen lowered shares of Moelis & Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. JPMorgan Chase & Co. raised their price objective on shares of Moelis & Company from $80.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Bank of America began coverage on shares of Moelis & Company in a research note on Monday, January 26th. They set a “neutral” rating and a $81.00 price objective for the company. Finally, The Goldman Sachs Group reduced their price objective on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Two research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $71.89.

Insiders Place Their Bets

In related news, General Counsel Osamu R. Watanabe sold 2,765 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $62.23, for a total transaction of $172,065.95. Following the transaction, the general counsel owned 4,981 shares in the company, valued at $309,967.63. This represents a 35.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.40% of the stock is currently owned by company insiders.

Moelis & Company Stock Performance

NYSE:MC opened at $63.95 on Thursday. The firm has a market cap of $4.96 billion, a P/E ratio of 23.00, a P/E/G ratio of 0.75 and a beta of 1.87. Moelis & Company has a fifty-two week low of $51.06 and a fifty-two week high of $78.22. The firm has a 50-day simple moving average of $60.06 and a two-hundred day simple moving average of $65.64.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The firm had revenue of $319.78 million for the quarter, compared to the consensus estimate of $321.51 million. During the same quarter in the prior year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities research analysts predict that Moelis & Company will post 3.2 EPS for the current year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, May 11th will be given a dividend of $0.65 per share. The ex-dividend date is Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a yield of 4.1%. Moelis & Company’s dividend payout ratio is 93.53%.

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.