Moelis & Company $MC Shares Bought by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG grew its position in Moelis & Company (NYSE:MC) by 27.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,574 shares of the asset manager’s stock after acquiring an additional 13,585 shares during the period. B. Metzler seel. Sohn & Co. AG owned about 0.08% of Moelis & Company worth $4,301,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new position in Moelis & Company during the 4th quarter valued at $27,000. Bessemer Group Inc. boosted its position in shares of Moelis & Company by 89.8% during the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 184 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Moelis & Company by 153.9% in the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock worth $30,000 after buying an additional 254 shares during the period. eCIO Inc. purchased a new stake in shares of Moelis & Company in the fourth quarter worth approximately $33,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Moelis & Company by 89.5% in the second quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock worth $37,000 after purchasing an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Osamu R. Watanabe sold 2,765 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $62.23, for a total value of $172,065.95. Following the transaction, the general counsel directly owned 4,981 shares of the company’s stock, valued at approximately $309,967.63. This trade represents a 35.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.40% of the company’s stock.

Moelis & Company Price Performance

Shares of NYSE MC opened at $68.09 on Friday. The stock has a market capitalization of $5.29 billion, a P/E ratio of 23.16, a PEG ratio of 0.77 and a beta of 1.87. The business’s 50 day moving average is $59.65 and its two-hundred day moving average is $65.64. Moelis & Company has a 1-year low of $51.06 and a 1-year high of $78.22.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 4th. The asset manager reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.37. The firm had revenue of $487.94 million during the quarter, compared to analyst estimates of $430.17 million. Moelis & Company had a return on equity of 41.67% and a net margin of 15.36%.Moelis & Company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.18 earnings per share. As a group, equities research analysts anticipate that Moelis & Company will post 3.28 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Tuesday, February 17th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Tuesday, February 17th. Moelis & Company’s dividend payout ratio is presently 88.44%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MC. Morgan Stanley lowered their price objective on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Moelis & Company in a report on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Moelis & Company from $80.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Keefe, Bruyette & Woods decreased their price target 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. Finally, The Goldman Sachs Group cut their price objective on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Two investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Moelis & Company presently has an average rating of “Hold” and an average target price of $71.89.

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.