Moelis & Company (NYSE:MC) Shares Sold by Trajan Wealth LLC

Trajan Wealth LLC lowered its stake in shares of Moelis & Company (NYSE:MC) by 9.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,132 shares of the asset manager’s stock after selling 346 shares during the period. Trajan Wealth LLC’s holdings in Moelis & Company were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its holdings in Moelis & Company by 52.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager’s stock valued at $30,000 after buying an additional 137 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Moelis & Company during the 4th quarter worth about $31,000. R Squared Ltd purchased a new stake in Moelis & Company during the 4th quarter worth about $47,000. Jones Financial Companies Lllp lifted its holdings in Moelis & Company by 148.3% in the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager’s stock valued at $61,000 after purchasing an additional 491 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Moelis & Company during the 4th quarter worth about $61,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Moelis & Company from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price target (up previously from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their price objective on Moelis & Company from $86.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Wells Fargo & Company reduced their target price on Moelis & Company from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Finally, Morgan Stanley lowered their price target on Moelis & Company from $70.00 to $42.00 and set an “underweight” rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Moelis & Company presently has a consensus rating of “Hold” and a consensus price target of $62.50.

Moelis & Company Price Performance

Shares of MC opened at $51.68 on Monday. Moelis & Company has a 12 month low of $46.24 and a 12 month high of $82.89. The stock’s 50-day moving average is $61.50 and its two-hundred day moving average is $69.58. The stock has a market cap of $3.87 billion, a PE ratio of 29.37 and a beta of 1.53.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. On average, research analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 18th were paid a dividend of $0.65 per share. This is an increase from Moelis & Company’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $2.60 annualized dividend and a yield of 5.03%. Moelis & Company’s payout ratio is 147.73%.

Insiders Place Their Bets

In other Moelis & Company news, CEO Kenneth Moelis sold 9,712 shares of Moelis & Company stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 209,235 shares in the company, valued at $15,483,390. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christopher Callesano sold 1,282 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 1,227 shares of the company’s stock, valued at approximately $90,798. This trade represents a 51.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,721 shares of company stock worth $1,677,017 in the last quarter. 6.40% of the stock is owned by corporate insiders.

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.