AMG National Trust Bank Sells 5,404 Shares of Moelis & Company (NYSE:MC)

AMG National Trust Bank reduced its position in Moelis & Company (NYSE:MC - Free Report) by 33.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,876 shares of the asset manager's stock after selling 5,404 shares during the quarter. AMG National Trust Bank's holdings in Moelis & Company were worth $807,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MC. Edgestream Partners L.P. bought a new position in shares of Moelis & Company during the fourth quarter valued at approximately $2,784,000. Callan Family Office LLC increased its position in Moelis & Company by 549.7% in the fourth quarter. Callan Family Office LLC now owns 19,808 shares of the asset manager's stock worth $1,463,000 after buying an additional 16,759 shares during the period. Vestmark Advisory Solutions Inc. lifted its stake in Moelis & Company by 1.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 55,409 shares of the asset manager's stock valued at $4,094,000 after buying an additional 907 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Moelis & Company during the fourth quarter valued at $27,855,000. Finally, Arizona State Retirement System grew its position in shares of Moelis & Company by 0.8% during the fourth quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager's stock worth $1,509,000 after acquiring an additional 163 shares during the last quarter. 91.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Moelis & Company from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $92.00 price objective (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of Moelis & Company from $77.00 to $83.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Morgan Stanley boosted their price target 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. Finally, JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $78.83.

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Moelis & Company Stock Performance

Shares of NYSE:MC traded up $0.38 during trading hours on Wednesday, hitting $60.17. 1,215,753 shares of the company's stock traded hands, compared to its average volume of 856,786. The company's fifty day simple moving average is $73.77 and its two-hundred day simple moving average is $71.95. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $82.89. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 34.19 and a beta of 1.43.

Moelis & Company (NYSE:MC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping 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, analysts anticipate that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.32%. This is an increase from Moelis & Company's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 18th. Moelis & Company's dividend payout ratio is currently 147.73%.

Insider Activity

In other Moelis & Company news, CEO Kenneth Moelis sold 9,712 shares of Moelis & Company stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $718,688.00. Following the transaction, the chief executive officer now owns 209,235 shares of the company's stock, valued at $15,483,390. The trade was a 4.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Ciafone Katherine Pilcher sold 3,515 shares of the 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 $260,110.00. Following the completion of the sale, the chief operating officer now directly owns 3,934 shares of the company's stock, valued at $291,116. This trade represents a 47.19 % 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 valued at $1,677,017 over the last three months. Insiders own 6.40% of the company's stock.

About Moelis & Company

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.