Moelis & Company $MC Stock: Curated Wealth Partners LLC Trims Stake

Curated Wealth Partners LLC lessened its stake in Moelis & Company (NYSE:MC) by 91.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,309 shares of the asset manager’s stock after selling 94,318 shares during the quarter. Curated Wealth Partners LLC’s holdings in Moelis & Company were worth $478,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Junto Capital Management LP bought a new stake in Moelis & Company during the 2nd quarter valued at about $31,529,000. Madison Asset Management LLC raised its holdings in Moelis & Company by 45.6% in the first quarter. Madison Asset Management LLC now owns 1,773,735 shares of the asset manager’s stock worth $101,103,000 after buying an additional 555,557 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Moelis & Company by 541.5% in the fourth quarter. Hsbc Holdings PLC now owns 19,726 shares of the asset manager’s stock worth $1,364,000 after buying an additional 16,651 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Moelis & Company by 24.7% in the first quarter. California State Teachers Retirement System now owns 87,887 shares of the asset manager’s stock worth $5,010,000 after buying an additional 17,411 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Moelis & Company by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,277,774 shares of the asset manager’s stock worth $72,825,000 after buying an additional 61,130 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on MC. Morgan Stanley cut their price target on shares of Moelis & Company from $85.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Keefe, Bruyette & Woods upgraded shares of Moelis & Company from a “hold” rating to a “moderate buy” rating in a report on Wednesday, October 7th. Zacks Research upgraded shares of Moelis & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. UBS Group raised Moelis & Company from a “sell” rating to a “neutral” rating and lowered their price objective for the company from $60.00 to $59.00 in a research report on Wednesday, October 7th. Finally, Weiss Ratings upgraded Moelis & Company from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, October 2nd. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Moelis & Company currently has an average rating of “Hold” and an average target price of $71.00.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, General Counsel Osamu R. Watanabe sold 4,850 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $69.30, for a total value of $336,105.00. Following the completion of the transaction, the general counsel directly owned 131 shares in the company, valued at $9,078.30. This represents a 97.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kenneth Shropshire sold 1,881 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $69.06, for a total transaction of $129,901.86. Following the sale, the director directly owned 7,633 shares of the company’s stock, valued at approximately $527,134.98. This trade represents a 19.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.29% of the stock is owned by company insiders.

Moelis & Company Stock Performance

NYSE MC opened at $54.56 on Friday. The business’s fifty day moving average is $62.53 and its 200 day moving average is $64.72. The company has a market capitalization of $4.27 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 0.82 and a beta of 1.91. Moelis & Company has a fifty-two week low of $51.06 and a fifty-two week high of $78.22.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $409.39 million for the quarter, compared to the consensus estimate of $387.27 million. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, sell-side analysts forecast that Moelis & Company will post 2.99 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 17th. Stockholders of record on Monday, August 10th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Monday, August 10th. Moelis & Company’s dividend payout ratio (DPR) is presently 90.59%.

Moelis & Company Company Profile

Moelis & Company (NYSE:MC) is an independent global investment bank that provides strategic and financial advisory services to corporations, financial sponsors, governments and other institutions. The firm advises clients on mergers and acquisitions, divestitures, recapitalizations, restructurings, liability management, capital raising and other complex financial transactions.

Moelis & Company serves clients across a range of industries, including technology, media and telecommunications; consumer and retail; energy and infrastructure; financial services; healthcare; industrials; and real estate.