Kenneth Shropshire Sells 2,551 Shares of Moelis & Company (NYSE:MC) Stock

Moelis & Company (NYSE:MC - Get Free Report) Director Kenneth Shropshire sold 2,551 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $72.30, for a total transaction of $184,437.30. Following the completion of the sale, the director now directly owns 6,940 shares of the company's stock, valued at $501,762. The trade was a 26.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Moelis & Company Stock Performance

Shares of MC stock traded down $1.44 on Tuesday, reaching $68.97. 1,397,751 shares of the company's stock traded hands, compared to its average volume of 795,446. The company has a market capitalization of $5.17 billion, a P/E ratio of 39.19 and a beta of 1.40. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $82.89. The business's 50 day moving average price is $75.62 and its two-hundred day moving average price is $71.81.

Moelis & Company (NYSE:MC - Get Free Report) last announced 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 return on equity of 38.49% and a net margin of 11.39%. Research analysts predict that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

The business 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 dividend yield of 3.77%. The ex-dividend date is Tuesday, February 18th. Moelis & Company's dividend payout ratio (DPR) is currently 147.73%.

Analysts Set New Price Targets

Several research analysts have issued reports on MC shares. Morgan Stanley lifted 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. JMP Securities restated a "market perform" rating on shares of Moelis & Company in a report on Thursday, February 6th. The Goldman Sachs Group boosted their target price on Moelis & Company from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. StockNews.com lowered Moelis & Company from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Wells Fargo & Company boosted their price objective on Moelis & Company from $77.00 to $83.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $78.83.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC purchased a new position in shares of Moelis & Company during the 3rd quarter valued at $26,000. CIBC Private Wealth Group LLC increased its position in Moelis & Company by 52.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock worth $30,000 after buying an additional 137 shares during the last quarter. Headlands Technologies LLC bought a new position in Moelis & Company during the fourth quarter valued at about $31,000. R Squared Ltd bought a new position in Moelis & Company during the fourth quarter valued at about $47,000. Finally, Jones Financial Companies Lllp lifted 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 worth $61,000 after buying an additional 491 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company's stock.

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.