International Assets Investment Management LLC Increases Stock Holdings in Moelis & Company (NYSE:MC)

International Assets Investment Management LLC boosted its position in Moelis & Company (NYSE:MC) by 890.4% during the 4th quarter, HoldingsChannel reports. The firm owned 3,199 shares of the asset manager’s stock after purchasing an additional 2,876 shares during the period. International Assets Investment Management LLC’s holdings in Moelis & Company were worth $180,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of MC. O ROURKE & COMPANY Inc lifted its position in shares of 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 in the last quarter. Capital Investment Advisory Services LLC lifted its position in shares of 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 in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of 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 in the last quarter. Teacher Retirement System of Texas lifted its position in shares of 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 in the last quarter. Finally, SkyView Investment Advisors LLC lifted its position in shares of 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 in the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MC. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. UBS Group boosted their price target on Moelis & Company from $45.00 to $47.00 and gave the stock a “sell” rating in a report on Thursday. The Goldman Sachs Group raised Moelis & Company from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $53.00 to $58.00 in a report on Wednesday, March 13th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $54.00 price target (down from $58.00) on shares of Moelis & Company in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Moelis & Company from $46.00 to $57.00 and gave the stock a “neutral” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.80.

Moelis & Company Price Performance

Shares of MC opened at $49.75 on Monday. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -261.84 and a beta of 1.35. Moelis & Company has a 1 year low of $33.87 and a 1 year high of $58.67. The business’s 50 day simple moving average is $54.07 and its 200-day simple moving average is $51.64.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. The business had revenue of $217.49 million for the quarter, compared to analysts’ expectations of $219.30 million. Moelis & Company had a negative return on equity of 0.13% and a negative net margin of 1.33%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.05 EPS. On average, sell-side analysts expect that Moelis & Company will post 1.29 earnings per share for the current year.

Moelis & Company Dividend Announcement

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

Insider Transactions at Moelis & Company

In other news, insider Christopher Callesano sold 1,040 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Christopher Callesano sold 1,040 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Ciafone Katherine Pilcher sold 4,798 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total value of $252,374.80. Following the transaction, the chief operating officer now directly owns 3,666 shares in the company, valued at approximately $192,831.60. The disclosure for this sale can be found here. Insiders have sold 375,185 shares of company stock valued at $20,130,225 in the last ninety days. Corporate insiders own 6.96% of the company’s stock.

Moelis & Company 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.