Moelis & Company (NYSE:MC) Stake Decreased by Arizona State Retirement System

Arizona State Retirement System lessened its holdings in shares of Moelis & Company (NYSE:MC) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,611 shares of the asset manager’s stock after selling 342 shares during the period. Arizona State Retirement System’s holdings in Moelis & Company were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MC. Vanguard Group Inc. increased its stake in shares of Moelis & Company by 0.4% during the third quarter. Vanguard Group Inc. now owns 7,787,483 shares of the asset manager’s stock valued at $351,449,000 after acquiring an additional 28,446 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Moelis & Company by 0.7% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,279,209 shares of the asset manager’s stock valued at $328,511,000 after acquiring an additional 49,291 shares during the period. BlackRock Inc. increased its stake in shares of Moelis & Company by 16.2% during the second quarter. BlackRock Inc. now owns 6,239,113 shares of the asset manager’s stock valued at $282,881,000 after acquiring an additional 870,362 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Moelis & Company by 1,654.6% during the second quarter. Goldman Sachs Group Inc. now owns 4,807,979 shares of the asset manager’s stock valued at $217,994,000 after acquiring an additional 4,533,955 shares during the period. Finally, Alliancebernstein L.P. grew its position in Moelis & Company by 0.6% in the fourth quarter. Alliancebernstein L.P. now owns 2,907,088 shares of the asset manager’s stock worth $111,545,000 after buying an additional 18,721 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Stock Performance

NYSE MC opened at $51.73 on Tuesday. Moelis & Company has a twelve month low of $33.87 and a twelve month high of $58.67. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of -143.69 and a beta of 1.35. The firm’s 50 day moving average price is $54.63 and its two-hundred day moving average price is $51.16.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, February 7th. The asset manager reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The company had revenue of $214.90 million during the quarter, compared to analyst estimates of $197.98 million. Moelis & Company had a negative net margin of 2.89% and a negative return on equity of 3.82%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. On average, research analysts forecast that Moelis & Company will post 1.5 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date was Friday, February 16th. Moelis & Company’s dividend payout ratio (DPR) is currently -666.67%.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, insider Christopher Callesano sold 1,040 shares of Moelis & Company stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.59, for a total transaction of $55,733.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Christopher Callesano sold 1,040 shares of Moelis & Company stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.59, for a total value of $55,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Osamu R. Watanabe sold 7,685 shares of Moelis & Company stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $404,231.00. Following the completion of the sale, the general counsel now directly owns 6,000 shares of the company’s stock, valued at approximately $315,600. The disclosure for this sale can be found here. Insiders sold 375,185 shares of company stock valued at $20,130,225 in the last quarter. Company insiders own 6.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $56.00 price target on shares of Moelis & Company in a research report on Monday, January 29th. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. The Goldman Sachs Group upgraded shares of Moelis & Company from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $53.00 to $58.00 in a research report on Wednesday, March 13th. UBS Group decreased their price target on shares of Moelis & Company from $46.00 to $45.00 and set a “sell” rating on the stock in a research report on Tuesday, March 26th. Finally, StockNews.com upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, Moelis & Company presently has a consensus rating of “Hold” and an average price target of $50.80.

Moelis & Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.