Moelis & Company (NYSE:MC) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 193,422 shares of the asset manager's stock after selling 48,350 shares during the quarter. Stifel Financial Corp owned 0.26% of Moelis & Company worth $14,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC increased its holdings in Moelis & Company by 52.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock valued at $30,000 after buying an additional 137 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Moelis & Company by 0.8% in the 4th quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager's stock valued at $1,509,000 after acquiring an additional 163 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Moelis & Company by 18.1% during 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 in the last quarter. Choreo LLC lifted its stake in Moelis & Company by 4.0% during the fourth quarter. Choreo LLC now owns 4,831 shares of the asset manager's stock worth $358,000 after purchasing an additional 187 shares during the last quarter. Finally, Heritage Family Offices LLP boosted its holdings in Moelis & Company by 5.0% in the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager's stock valued at $330,000 after purchasing an additional 213 shares in the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Trading Down 0.1 %

Shares of NYSE:MC traded down $0.04 during midday trading on Thursday, hitting $52.11. The stock had a trading volume of 1,206,307 shares, compared to its average volume of 740,455. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $82.89. The stock has a 50 day moving average price of $60.01 and a two-hundred day moving average price of $69.20. The company has a market capitalization of $3.91 billion, a PE ratio of 29.72 and a beta of 1.53.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.03). The business had revenue of $306.59 million during the quarter, compared to analysts' expectations of $309.67 million. 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 EPS for the current year.

Moelis & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 18th were given a $0.65 dividend. This is a boost from Moelis & Company's previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 18th. This represents a $2.60 annualized dividend and a yield of 4.99%. Moelis & Company's dividend payout ratio is presently 147.73%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MC. StockNews.com cut shares of Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Morgan Stanley reduced their price objective on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a research note on Monday, April 7th. 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 note on Thursday, February 6th. JPMorgan Chase & Co. dropped their price objective on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a report on Thursday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $61.83.

Insiders Place Their Bets

In related news, CEO Kenneth Moelis sold 9,712 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 value of $718,688.00. Following the sale, the chief executive officer now owns 209,235 shares of the company's stock, valued at approximately $15,483,390. This represents a 4.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Ciafone Katherine Pilcher sold 3,515 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 $260,110.00. Following the transaction, the chief operating officer now directly owns 3,934 shares of the company's stock, valued at $291,116. The trade was a 47.19 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,721 shares of company stock worth $1,677,017. Corporate insiders own 6.40% of the company's stock.

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.