Callan Family Office LLC Has $1.46 Million Stock Position in Moelis & Company (NYSE:MC)

Callan Family Office LLC increased its stake in Moelis & Company (NYSE:MC - Free Report) by 549.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,808 shares of the asset manager's stock after purchasing an additional 16,759 shares during the period. Callan Family Office LLC's holdings in Moelis & Company were worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Moelis & Company in the fourth quarter worth $27,855,000. Fisher Asset Management LLC increased its stake in Moelis & Company by 252.8% in the 4th quarter. Fisher Asset Management LLC now owns 220,770 shares of the asset manager's stock valued at $16,310,000 after buying an additional 158,200 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Moelis & Company during the 4th quarter worth about $10,158,000. Hodges Capital Management Inc. acquired a new position in shares of Moelis & Company during the 4th quarter worth about $9,149,000. Finally, Pier Capital LLC bought a new position in shares of Moelis & Company in the 3rd quarter valued at about $8,152,000. Institutional investors own 91.53% of the company's stock.

Analyst Upgrades and Downgrades

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

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Insider Buying and Selling at Moelis & Company

In other news, insider Christopher Callesano sold 1,282 shares of Moelis & Company 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 completion of the sale, the insider now directly owns 1,227 shares in the company, valued at approximately $90,798. The trade was a 51.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kenneth Moelis sold 9,712 shares of the firm'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 $718,688.00. Following the transaction, the chief executive officer now owns 209,235 shares in the company, valued at approximately $15,483,390. This trade represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,721 shares of company stock valued at $1,677,017 in the last ninety days. 6.40% of the stock is currently owned by corporate insiders.

Moelis & Company Price Performance

MC stock traded up $0.54 during midday trading on Tuesday, reaching $59.78. 1,281,495 shares of the company were exchanged, compared to its average volume of 854,341. Moelis & Company has a one year low of $46.24 and a one year high of $82.89. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 33.96 and a beta of 1.43. The business has a 50-day moving average price of $74.05 and a two-hundred day moving average price of $72.01.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. As a group, analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.65 per share. This is a boost from Moelis & Company's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Tuesday, February 18th. Moelis & Company's dividend payout ratio (DPR) is presently 147.73%.

Moelis & 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.