Mackenzie Financial Corp Acquires New Shares in Moelis & Company (NYSE:MC)

Mackenzie Financial Corp bought a new position in shares of Moelis & Company (NYSE:MC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,223 shares of the asset manager’s stock, valued at approximately $237,000.

Several other large investors also recently bought and sold shares of the company. O ROURKE & COMPANY Inc raised 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 worth $317,000 after purchasing an additional 221 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in shares of Moelis & Company by 4.4% in the third quarter. Capital Investment Advisory Services LLC now owns 6,023 shares of the asset manager’s stock worth $272,000 after acquiring an additional 256 shares during the last quarter. Mutual of America Capital Management LLC raised its holdings in shares of Moelis & Company by 0.4% in the third quarter. Mutual of America Capital Management LLC now owns 76,155 shares of the asset manager’s stock worth $3,437,000 after acquiring an additional 268 shares during the last quarter. Teacher Retirement System of Texas lifted its position in shares of Moelis & Company by 6.4% in the third quarter. Teacher Retirement System of Texas now owns 5,149 shares of the asset manager’s stock valued at $232,000 after acquiring an additional 311 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its stake in shares of Moelis & Company by 3.7% during the third quarter. SkyView Investment Advisors LLC now owns 12,038 shares of the asset manager’s stock valued at $543,000 after acquiring an additional 425 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th. StockNews.com raised shares of Moelis & Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. JPMorgan Chase & Co. lifted their target price on shares of 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, The Goldman Sachs Group raised Moelis & Company from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $53.00 to $58.00 in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $50.80.

Moelis & Company Stock Down 1.0 %

Shares of NYSE MC opened at $49.75 on Monday. The stock has a market capitalization of $3.54 billion, a PE ratio of -261.84 and a beta of 1.35. The firm has a fifty day moving average of $54.07 and a 200-day moving average of $51.64. Moelis & Company has a 52-week low of $33.87 and a 52-week high of $58.67.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $217.49 million during the quarter, compared to the consensus estimate of $219.30 million. Moelis & Company had a negative return on equity of 0.13% and a negative net margin of 1.33%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 earnings per share. Equities research analysts expect that Moelis & Company will post 1.29 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

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

Insider Buying and Selling at Moelis & Company

In related news, insider Christopher Callesano sold 1,040 shares of Moelis & Company stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.59, for a total transaction of $55,733.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Christopher Callesano sold 1,040 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.59, for a total value of $55,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Eric Cantor sold 17,857 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 $939,278.20. Following the sale, the insider now owns 195,863 shares in the company, valued at $10,302,393.80. The disclosure for this sale can be found here. Insiders have sold a total of 375,185 shares of company stock valued at $20,130,225 over 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.