37,683 Shares in Moelis & Company (NYSE:MC) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new position in Moelis & Company (NYSE:MC) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 37,683 shares of the asset manager’s stock, valued at approximately $2,784,000. Edgestream Partners L.P. owned approximately 0.05% of Moelis & Company as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Moelis & Company in the 3rd quarter worth approximately $3,433,000. Natixis Advisors LLC boosted its stake in Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock worth $55,141,000 after purchasing an additional 96,720 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in Moelis & Company in the 4th quarter worth approximately $9,149,000. Cerity Partners LLC boosted its stake in Moelis & Company by 129.8% in the 3rd quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager’s stock worth $949,000 after purchasing an additional 7,819 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Moelis & Company by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock worth $63,229,000 after purchasing an additional 16,830 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MC shares. The Goldman Sachs Group lifted their target price on shares of Moelis & Company from $79.00 to $87.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. StockNews.com cut shares of Moelis & Company from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. Wells Fargo & Company lifted their price objective on shares of Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday, February 6th. Finally, Morgan Stanley lifted their price objective on shares of Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $78.83.

Moelis & Company Price Performance

MC opened at $61.86 on Monday. The firm has a fifty day moving average price of $74.35 and a 200 day moving average price of $72.05. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $82.89. The stock has a market cap of $4.63 billion, a P/E ratio of 35.15 and a beta of 1.43.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. Equities analysts expect that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be paid a $0.65 dividend. This is a boost from Moelis & Company’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Tuesday, February 18th. Moelis & Company’s payout ratio is currently 147.73%.

Insider Activity at Moelis & Company

In related news, insider Christopher Callesano sold 1,282 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $94,868.00. Following the completion of the sale, the insider now owns 1,227 shares of the company’s stock, valued at approximately $90,798. The trade was a 51.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kenneth Moelis sold 9,712 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $718,688.00. Following the completion of the sale, the chief executive officer now directly owns 209,235 shares of the company’s stock, valued at approximately $15,483,390. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,721 shares of company stock worth $1,677,017 in the last three months. Company insiders own 6.40% of the company’s stock.

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.