Mutual of America Capital Management LLC Reduces Stock Position in Moelis & Company (NYSE:MC)

Mutual of America Capital Management LLC trimmed its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 20.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,687 shares of the asset manager's stock after selling 15,624 shares during the period. Mutual of America Capital Management LLC owned approximately 0.08% of Moelis & Company worth $4,484,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new position in Moelis & Company during the 4th quarter valued at $47,000. GAMMA Investing LLC increased its holdings in Moelis & Company by 18.1% in the 4th quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock worth $87,000 after acquiring an additional 180 shares during the last quarter. Blue Trust Inc. increased its holdings in Moelis & Company by 47.7% in the 4th quarter. Blue Trust Inc. now owns 1,597 shares of the asset manager's stock worth $109,000 after acquiring an additional 516 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in Moelis & Company in the 3rd quarter worth about $130,000. Finally, KBC Group NV increased its holdings 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 acquiring an additional 405 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MC shares. StockNews.com downgraded Moelis & Company from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their price target 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. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $92.00 price target (up previously from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. The Goldman Sachs Group lifted their price target on Moelis & Company from $79.00 to $87.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Finally, JMP Securities restated a "market perform" rating on shares of Moelis & Company in a research report on Thursday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $78.83.

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Insider Activity

In other Moelis & Company news, CEO Kenneth Moelis sold 9,712 shares of the firm's stock in a transaction dated 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 directly owns 209,235 shares of the company's stock, valued at approximately $15,483,390. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Osamu R. Watanabe sold 5,661 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $418,914.00. Following the completion of the transaction, the general counsel now directly 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. Insiders have sold a total of 22,721 shares of company stock valued at $1,677,017 over the last ninety days. 6.40% of the stock is currently owned by corporate insiders.

Moelis & Company Price Performance

MC stock traded down $0.61 during midday trading on Friday, hitting $61.86. The stock had a trading volume of 659,919 shares, compared to its average volume of 816,355. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 35.15 and a beta of 1.43. The business has a 50-day moving average of $74.35 and a two-hundred day moving average of $71.94. 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 released its earnings results on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, topping 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%. 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 announced a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 18th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.20%. This is an increase from Moelis & Company's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 18th. Moelis & Company's payout ratio is 147.73%.

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.