Moelis & Company (NYSE:MC) Chairman Kenneth Moelis sold 30,656 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $42.67, for a total transaction of $1,308,091.52. The sale was disclosed in a document filed with the SEC, which is available at this link.

Kenneth Moelis also recently made the following trade(s):

  • On Friday, October 27th, Kenneth Moelis sold 9,500 shares of Moelis & stock. The stock was sold at an average price of $42.41, for a total transaction of $402,895.00.
  • On Tuesday, October 31st, Kenneth Moelis sold 40,800 shares of Moelis & stock. The stock was sold at an average price of $42.66, for a total transaction of $1,740,528.00.

Shares of Moelis & Company (NYSE MC) traded down $0.13 during midday trading on Friday, hitting $42.15. 321,601 shares of the stock traded hands, compared to its average volume of 352,239. The company has a market capitalization of $2.29 billion, a P/E ratio of 17.69 and a beta of 1.87.

Moelis & (NYSE:MC) last issued its earnings results on Wednesday, October 25th. The asset manager reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.15. The company had revenue of $170.00 million for the quarter, compared to analyst estimates of $168.51 million. Moelis & had a net margin of 9.62% and a return on equity of 56.83%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.44 EPS. analysts predict that Moelis & Company will post 2.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Friday, November 3rd. Moelis &’s dividend payout ratio (DPR) is presently 70.81%.

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A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Moelis & by 6.4% during the 2nd quarter. BlackRock Inc. now owns 2,379,872 shares of the asset manager’s stock worth $92,458,000 after acquiring an additional 142,321 shares during the last quarter. Vanguard Group Inc. boosted its stake in Moelis & by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,039,429 shares of the asset manager’s stock worth $79,233,000 after acquiring an additional 119,368 shares during the last quarter. American Century Companies Inc. boosted its stake in Moelis & by 636.3% during the 3rd quarter. American Century Companies Inc. now owns 564,299 shares of the asset manager’s stock worth $24,293,000 after acquiring an additional 487,660 shares during the last quarter. AGF Investments Inc. bought a new position in Moelis & during the 2nd quarter worth approximately $21,907,000. Finally, State Street Corp boosted its stake in Moelis & by 10.9% during the 2nd quarter. State Street Corp now owns 543,767 shares of the asset manager’s stock worth $21,127,000 after acquiring an additional 53,620 shares during the last quarter. 90.80% of the stock is currently owned by institutional investors and hedge funds.

MC has been the topic of a number of research analyst reports. UBS AG increased their price objective on shares of Moelis & from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. JMP Securities increased their price objective on shares of Moelis & from $44.00 to $47.00 and gave the stock a “market outperform” rating in a report on Thursday, October 26th. Morgan Stanley increased their price objective on shares of Moelis & from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Zacks Investment Research raised shares of Moelis & from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective on the stock in a report on Friday, July 28th. Finally, BidaskClub raised shares of Moelis & from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $42.00.

About Moelis &

Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.

Insider Buying and Selling by Quarter for Moelis & (NYSE:MC)

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