Moelis & Company (NYSE:MC) Stock Holdings Reduced by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG lowered its position in Moelis & Company (NYSE:MC - Free Report) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,528 shares of the asset manager's stock after selling 8,579 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.06% of Moelis & Company worth $3,068,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of 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 acquiring an additional 137 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Moelis & Company by 0.8% in the fourth quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager's stock worth $1,509,000 after buying an additional 163 shares during the period. GAMMA Investing LLC grew its stake in shares of Moelis & Company by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock valued at $87,000 after buying an additional 180 shares in the last quarter. Choreo LLC raised its holdings in shares of Moelis & Company by 4.0% during the 4th quarter. Choreo LLC now owns 4,831 shares of the asset manager's stock valued at $358,000 after buying an additional 187 shares during the period. Finally, Heritage Family Offices LLP raised its stake in shares of Moelis & Company by 5.0% during the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager's stock valued at $330,000 after purchasing an additional 213 shares during the period. Hedge funds and other institutional investors own 91.53% of the company's stock.

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Moelis & Company Stock Down 4.7 %

MC traded down $2.48 during trading on Friday, reaching $50.46. The stock had a trading volume of 1,489,803 shares, compared to its average volume of 707,459. The stock has a 50 day moving average of $67.95 and a two-hundred day moving average of $71.06. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 28.67 and a beta of 1.53. Moelis & Company has a 1-year low of $46.24 and a 1-year high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) 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%. On average, research analysts forecast that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Tuesday, February 18th were issued a $0.65 dividend. This is an increase from Moelis & Company's previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date was Tuesday, February 18th. Moelis & Company's payout ratio is presently 147.73%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MC. Morgan Stanley reiterated an "underweight" rating and issued a $70.00 price target (down previously from $100.00) on shares of Moelis & Company in a research note on Thursday, March 13th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a research note on Thursday, February 6th. Wells Fargo & Company upped their price objective on Moelis & Company from $77.00 to $83.00 and gave the company an "equal weight" rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group decreased their price objective on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $71.83.

Insider Buying and Selling

In other Moelis & Company news, Director Kenneth Shropshire sold 2,551 shares of the business's stock in a transaction dated 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 owns 6,940 shares in the company, valued at approximately $501,762. The trade was a 26.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Osamu R. Watanabe sold 5,661 shares of the company's stock in a transaction that occurred 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 sale, the general counsel now owns 6,471 shares of the company's stock, valued at approximately $478,854. This trade represents a 46.66 % decrease in their position. 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 ninety days. 6.40% of the stock is currently owned by corporate insiders.

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.