Moelis & Company (NYSE:MC) Holdings Decreased by M&T Bank Corp

M&T Bank Corp trimmed its position in Moelis & Company (NYSE:MC) by 2.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,459 shares of the asset manager’s stock after selling 890 shares during the quarter. M&T Bank Corp’s holdings in Moelis & Company were worth $2,250,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Moelis & Company during the 3rd quarter valued at approximately $3,433,000. Natixis Advisors LLC boosted its position in Moelis & Company by 13.7% during 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 period. Hodges Capital Management Inc. acquired a new position in Moelis & Company during the 4th quarter valued at approximately $9,149,000. Cerity Partners LLC boosted its position in Moelis & Company by 129.8% during 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 period. Finally, Charles Schwab Investment Management Inc. boosted its position in Moelis & Company by 1.9% during 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 period. 91.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MC shares. StockNews.com lowered Moelis & Company from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company boosted their price objective on Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Thursday, February 6th. Morgan Stanley boosted their price objective on Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $92.00 price target (up previously from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. Finally, JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Moelis & Company presently has a consensus rating of “Hold” and a consensus target price of $78.83.

Moelis & Company Stock Performance

Shares of MC stock opened at $61.86 on Monday. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $82.89. The stock has a fifty day moving average of $74.35 and a two-hundred day moving average of $72.05. The firm has a market capitalization of $4.63 billion, a PE ratio of 35.15 and a beta of 1.43.

Moelis & Company (NYSE:MC) last announced 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 return on equity of 38.49% and a net margin of 11.39%. Equities research analysts predict that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Increases Dividend

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

Insider Activity

In other news, Director Kenneth Shropshire sold 2,551 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $72.30, for a total transaction of $184,437.30. Following the sale, the director now directly owns 6,940 shares of the company’s stock, valued at $501,762. The trade was a 26.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Callesano sold 1,282 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 value of $94,868.00. Following the sale, the insider now directly owns 1,227 shares in the company, valued at $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 sold a total of 22,721 shares of company stock worth $1,677,017 over the last 90 days. 6.40% of the stock is currently owned by company 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.