Moelis & Company (NYSE:MC) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC raised its stake in Moelis & Company (NYSE:MC - Free Report) by 252.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 220,770 shares of the asset manager's stock after purchasing an additional 158,200 shares during the period. Fisher Asset Management LLC owned 0.29% of Moelis & Company worth $16,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new stake in Moelis & Company in the fourth quarter valued at about $47,000. GAMMA Investing LLC increased its holdings in shares of Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock valued at $87,000 after acquiring an additional 180 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Moelis & Company by 47.7% during the fourth quarter. Blue Trust Inc. now owns 1,597 shares of the asset manager's stock valued at $109,000 after acquiring an additional 516 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Moelis & Company in the 3rd quarter valued at approximately $130,000. Finally, KBC Group NV boosted its stake in Moelis & Company by 24.4% in the 3rd quarter. KBC Group NV now owns 2,068 shares of the asset manager's stock worth $142,000 after purchasing an additional 405 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Moelis & Company

In other news, insider Christopher Callesano sold 1,282 shares of the company's 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 $94,868.00. Following the completion of the transaction, the insider now directly owns 1,227 shares of the company's stock, valued at $90,798. This represents a 51.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, General Counsel Osamu R. Watanabe sold 5,661 shares of the 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 $418,914.00. Following the transaction, the general counsel now owns 6,471 shares in the company, valued at $478,854. This trade represents a 46.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,721 shares of company stock valued at $1,677,017. Corporate insiders own 6.40% of the company's stock.

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Moelis & Company Stock Performance

Moelis & Company stock traded down $0.61 during midday trading on Friday, hitting $61.86. 659,919 shares of the company were exchanged, compared to its average volume of 816,346. The business has a fifty day simple moving average of $74.60 and a two-hundred day simple moving average of $71.95. The firm has a market capitalization of $4.63 billion, a PE ratio of 35.15 and a beta of 1.40. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, topping 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, equities analysts expect that Moelis & Company will post 2.97 earnings per share for the current 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 given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.20%. The ex-dividend date is Tuesday, February 18th. This is a positive change from Moelis & Company's previous quarterly dividend of $0.60. Moelis & Company's dividend payout ratio (DPR) is currently 147.73%.

Analyst Ratings Changes

A number of research firms have issued reports on MC. Morgan Stanley raised their price target on shares of Moelis & Company from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. JMP Securities restated a "market perform" rating on shares of Moelis & Company in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their price target on 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 restated an "outperform" rating and issued a $92.00 price objective (up from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. Finally, Wells Fargo & Company upped their target price on Moelis & Company from $77.00 to $83.00 and gave the company an "equal weight" rating in a research 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, the stock presently has an average rating of "Hold" and a consensus target price of $78.83.

Moelis & Company 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.