Moelis & Company (NYSE:MC – Get Free Report) General Counsel Osamu R. Watanabe sold 5,661 shares of the stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $418,914.00. Following the completion of the transaction, the general counsel now owns 6,471 shares of the company’s stock, valued at approximately $478,854. This represents a 46.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Moelis & Company Trading Down 3.0 %
MC opened at $71.37 on Monday. The stock has a market capitalization of $5.35 billion, a PE ratio of 40.55 and a beta of 1.40. Moelis & Company has a 1-year low of $46.24 and a 1-year high of $82.89. The firm has a 50-day moving average price of $75.73 and a two-hundred day moving average price of $71.74.
Moelis & Company (NYSE:MC – Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 earnings per share 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%. On average, research analysts predict that Moelis & Company will post 2.97 EPS for the current year.
Moelis & Company Increases Dividend
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on MC. StockNews.com cut shares of Moelis & Company from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley increased their target price on shares of Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. Wells Fargo & Company increased their target price on shares of Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $78.83.
View Our Latest Research Report on Moelis & Company
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Moelis & Company in the 3rd quarter valued at about $3,433,000. Natixis Advisors LLC boosted its stake in shares of Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after purchasing an additional 96,720 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of Moelis & Company in the 4th quarter valued at about $9,149,000. Cerity Partners LLC boosted its stake in shares of Moelis & Company by 129.8% in the 3rd quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager’s stock valued at $949,000 after purchasing an additional 7,819 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 valued at $63,229,000 after purchasing an additional 16,830 shares during the last quarter. Institutional investors own 91.53% 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.
Featured Articles
- Five stocks we like better than Moelis & Company
- Are Penny Stocks a Good Fit for Your Portfolio?
- Why Genuine Parts Company Is a Royally Good Buy Right Now
- What is the Hang Seng index?
- Industrials Are Quietly Outpacing the Market: 3 Stocks to Watch
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- These 5 Energy Stocks Hedge Inflation With Growth Potential
Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with MarketBeat.com's FREE daily email newsletter.