Wealthfront Advisers LLC Takes Position in Moelis & Company (NYSE:MC)

Wealthfront Advisers LLC purchased a new position in Moelis & Company (NYSE:MC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 35,444 shares of the asset manager's stock, valued at approximately $2,619,000.

Several other large investors also recently bought and sold shares of the business. Geode Capital Management LLC increased its position in Moelis & Company by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,590,316 shares of the asset manager's stock valued at $108,973,000 after acquiring an additional 10,698 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Moelis & Company by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager's stock valued at $69,119,000 after acquiring an additional 12,632 shares during the last quarter. Natixis Advisors LLC increased its position in Moelis & Company by 13.7% during the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager's stock valued at $55,141,000 after acquiring an additional 96,720 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Moelis & Company by 7.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 768,945 shares of the asset manager's stock valued at $56,810,000 after acquiring an additional 53,473 shares during the last quarter. Finally, Tributary Capital Management LLC increased its position in Moelis & Company by 1.2% during the fourth quarter. Tributary Capital Management LLC now owns 439,778 shares of the asset manager's stock valued at $32,491,000 after acquiring an additional 5,062 shares during the last quarter. Institutional investors own 91.53% of the company's stock.

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Insider Buying and Selling

In other Moelis & Company news, CEO Kenneth Moelis sold 9,712 shares of the 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 sale, the chief executive officer now directly owns 209,235 shares of the company's stock, valued at approximately $15,483,390. This represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Christopher Callesano sold 1,282 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $94,868.00. Following the sale, the insider now directly owns 1,227 shares of the company's stock, valued at approximately $90,798. The trade was a 51.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,721 shares of company stock valued at $1,677,017 over the last three months. 6.40% of the stock is owned by company insiders.

Moelis & Company Stock Up 1.2 %

NYSE:MC traded up $0.72 during mid-day trading on Wednesday, reaching $60.13. The company's stock had a trading volume of 1,000,976 shares, compared to its average volume of 611,981. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $82.89. The stock has a fifty day moving average of $72.29 and a 200-day moving average of $71.68. The firm has a market capitalization of $4.51 billion, a PE ratio of 34.16 and a beta of 1.43.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 earnings per share 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%. On average, analysts expect that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This is a positive change from Moelis & Company's previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 4.32%. Moelis & Company's dividend payout ratio is 147.73%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group cut their price target on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating on the stock in a report on Friday, March 14th. JMP Securities restated a "market perform" rating on shares of Moelis & Company in a report on Thursday, February 6th. Morgan Stanley restated an "underweight" rating and issued a $70.00 price target (down from $100.00) on shares of Moelis & Company in a report on Thursday, March 13th. Wells Fargo & Company upped their price target on shares of Moelis & Company from $77.00 to $83.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, StockNews.com cut shares of Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. 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 company's stock. According to data from MarketBeat.com, Moelis & Company has a consensus rating of "Hold" and a consensus price target of $71.83.

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.