5,509 Shares in Moelis & Company (NYSE:MC) Acquired by Cerity Partners LLC

Cerity Partners LLC purchased a new position in Moelis & Company (NYSE:MC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,509 shares of the asset manager’s stock, valued at approximately $309,000.

Other institutional investors and hedge funds have also modified their holdings of the company. O ROURKE & COMPANY Inc grew its holdings in Moelis & Company by 4.1% during the 4th quarter. O ROURKE & COMPANY Inc now owns 5,644 shares of the asset manager’s stock valued at $317,000 after buying an additional 221 shares during the last quarter. Capital Investment Advisory Services LLC grew its holdings in Moelis & Company by 4.4% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 6,023 shares of the asset manager’s stock valued at $272,000 after buying an additional 256 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in Moelis & Company by 0.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 76,155 shares of the asset manager’s stock valued at $3,437,000 after buying an additional 268 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Moelis & Company by 6.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 5,149 shares of the asset manager’s stock valued at $232,000 after buying an additional 311 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in Moelis & Company by 3.7% during the 3rd quarter. SkyView Investment Advisors LLC now owns 12,038 shares of the asset manager’s stock valued at $543,000 after buying an additional 425 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Trading Down 1.0 %

Shares of MC opened at $49.75 on Friday. The firm has a market capitalization of $3.54 billion, a P/E ratio of -261.84 and a beta of 1.35. The stock’s fifty day simple moving average is $54.07 and its 200 day simple moving average is $51.59. Moelis & Company has a twelve month low of $33.87 and a twelve month high of $58.67.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Moelis & Company had a negative return on equity of 0.13% and a negative net margin of 1.33%. The company had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. During the same period last year, the company posted $0.05 earnings per share. The firm’s revenue was up 17.4% compared to the same quarter last year. Sell-side analysts predict that Moelis & Company will post 1.47 earnings per share for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 6th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 4.82%. The ex-dividend date of this dividend is Friday, May 3rd. Moelis & Company’s dividend payout ratio (DPR) is presently -1,263.16%.

Wall Street Analysts Forecast Growth

MC has been the topic of a number of recent analyst reports. UBS Group increased their price target on Moelis & Company from $45.00 to $47.00 and gave the stock a “sell” rating in a research note on Thursday. The Goldman Sachs Group raised Moelis & Company from a “sell” rating to a “neutral” rating and increased their price target for the stock from $53.00 to $58.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. increased their price target on Moelis & Company from $46.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $54.00 price target (down previously from $58.00) on shares of Moelis & Company in a research note on Thursday. Finally, StockNews.com raised Moelis & Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.80.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, Vice Chairman Eric Cantor sold 17,857 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $939,278.20. Following the transaction, the insider now directly owns 195,863 shares of the company’s stock, valued at $10,302,393.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Vice Chairman Eric Cantor sold 17,857 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $939,278.20. Following the completion of the sale, the insider now directly owns 195,863 shares in the company, valued at $10,302,393.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Joseph Simon sold 8,149 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total value of $428,637.40. Following the sale, the chief financial officer now owns 8,573 shares of the company’s stock, valued at $450,939.80. The disclosure for this sale can be found here. Insiders have sold 375,185 shares of company stock valued at $20,130,225 over the last three months. 6.96% of the stock is owned by company insiders.

About Moelis & Company

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.