Capital Research Global Investors Purchases Shares of 280,460 Moelis & Company (NYSE:MC)

Capital Research Global Investors acquired a new stake in shares of Moelis & Company (NYSE:MC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 280,460 shares of the asset manager's stock, valued at approximately $20,720,000. Capital Research Global Investors owned approximately 0.37% of Moelis & Company as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. CIBC Private Wealth Group LLC grew its holdings in shares of Moelis & Company by 52.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Moelis & Company in the 4th quarter valued at $31,000. R Squared Ltd acquired a new stake in shares of Moelis & Company in the fourth quarter worth about $47,000. Jones Financial Companies Lllp raised its position in shares of Moelis & Company by 148.3% in the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock valued at $61,000 after purchasing an additional 491 shares during the period. Finally, AlphaQuest LLC acquired a new stake in shares of Moelis & Company in the fourth quarter valued at about $61,000. 91.53% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Kenneth Shropshire sold 2,551 shares of Moelis & Company stock in a transaction on Friday, February 21st. The shares were sold at an average price of $72.30, for a total value of $184,437.30. Following the transaction, the director now owns 6,940 shares in the company, valued at $501,762. This trade represents a 26.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kenneth Moelis sold 9,712 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $718,688.00. Following the completion of the transaction, the chief executive officer now owns 209,235 shares in the company, valued at $15,483,390. The trade was a 4.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,721 shares of company stock worth $1,677,017 in the last quarter. 6.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on MC shares. JPMorgan Chase & Co. reduced their target price on Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a research report on Thursday. StockNews.com lowered shares of Moelis & Company from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Wells Fargo & Company decreased their price target on Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating on the stock in a report on Thursday. JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a report on Thursday. Finally, The Goldman Sachs Group lowered their price target on Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $61.83.

Moelis & Company Stock Performance

Shares of Moelis & Company stock traded down $0.04 on Friday, reaching $52.57. 1,040,882 shares of the company's stock were exchanged, compared to its average volume of 743,603. The company has a market capitalization of $3.94 billion, a P/E ratio of 29.87 and a beta of 1.53. The firm's 50-day moving average is $59.55 and its two-hundred day moving average is $69.11. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. The business had revenue of $306.59 million during the quarter, compared to the consensus estimate of $309.67 million. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. On average, analysts expect that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 5th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.60 annualized dividend and a dividend yield of 4.95%. Moelis & Company's dividend payout ratio is currently 147.73%.

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.