Moelis & Company (NYSE:MC) General Counsel Osamu Watanabe Sells 4,850 Shares of Stock

Moelis & Company (NYSE:MC) General Counsel Osamu Watanabe sold 4,850 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $69.30, for a total value of $336,105.00. Following the completion of the sale, the general counsel owned 131 shares in the company, valued at $9,078.30. This trade represents a 97.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Moelis & Company Stock Performance

NYSE:MC opened at $67.14 on Friday. The firm has a market capitalization of $5.27 billion, a price-to-earnings ratio of 23.39, a P/E/G ratio of 0.90 and a beta of 1.84. The stock has a fifty day moving average of $67.43 and a 200 day moving average of $65.04. Moelis & Company has a 52-week low of $51.06 and a 52-week high of $78.22.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The firm had revenue of $409.39 million for the quarter, compared to analysts’ expectations of $387.27 million. Moelis & Company had a return on equity of 39.59% and a net margin of 14.50%.The company’s revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.53 EPS. Equities analysts forecast that Moelis & Company will post 3.13 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Monday, August 10th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, August 10th. Moelis & Company’s dividend payout ratio is 90.59%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allied Private Wealth LLC bought a new stake in shares of Moelis & Company in the 2nd quarter worth approximately $25,000. V Square Quantitative Management LLC bought a new stake in Moelis & Company in the fourth quarter worth $27,000. Hantz Financial Services Inc. boosted its position in Moelis & Company by 64.4% during the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after buying an additional 163 shares during the period. Allworth Financial LP boosted its position in Moelis & Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after buying an additional 254 shares during the period. Finally, Root Financial Partners LLC grew its stake in shares of Moelis & Company by 292.2% during the first quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock valued at $26,000 after buying an additional 339 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Weiss Ratings cut shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Wall Street Zen upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley lifted their price objective on shares of Moelis & Company from $83.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Keefe, Bruyette & Woods cut their target price on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a research report on Friday, July 10th. Finally, Zacks Research raised Moelis & Company from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $73.62.

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.