D. E. Shaw & Co. Inc. Has $5.61 Million Stake in Moelis & Company (NYSE:MC)

D. E. Shaw & Co. Inc. increased its position in Moelis & Company (NYSE:MC - Free Report) by 31.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,886 shares of the asset manager's stock after buying an additional 18,233 shares during the period. D. E. Shaw & Co. Inc. owned 0.10% of Moelis & Company worth $5,606,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its stake in Moelis & Company by 52.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock worth $30,000 after acquiring an additional 137 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Moelis & Company during the fourth quarter valued at $31,000. R Squared Ltd acquired a new position in Moelis & Company in the 4th quarter worth approximately $47,000. Jones Financial Companies Lllp grew its position in Moelis & Company by 148.3% during the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock worth $61,000 after purchasing an additional 491 shares during the period. Finally, AlphaQuest LLC purchased a new stake in Moelis & Company in the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 91.53% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MC shares. Wall Street Zen downgraded shares of Moelis & Company from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Morgan Stanley decreased their target price on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group lifted their price target on shares of Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Finally, JMP Securities restated a "market perform" rating on shares of Moelis & Company in a report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $59.83.

Insider Buying and Selling

In other news, Director Kenneth Shropshire sold 2,551 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $72.30, for a total value of $184,437.30. Following the completion of the sale, the director now directly owns 6,940 shares of the company's stock, valued at approximately $501,762. This represents a 26.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.40% of the company's stock.

Moelis & Company Stock Down 0.0%

Shares of MC stock traded down $0.02 on Thursday, reaching $56.76. 104,566 shares of the stock were exchanged, compared to its average volume of 766,094. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89. The stock has a market cap of $4.46 billion, a P/E ratio of 32.14 and a beta of 1.66. The firm has a 50 day moving average of $55.62 and a two-hundred day moving average of $67.52.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. The firm had revenue of $306.59 million for the quarter, compared to the consensus estimate of $309.67 million. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The firm's quarterly revenue was up 41.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. On average, equities research analysts predict that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's dividend payout ratio (DPR) is presently 119.27%.

Moelis & 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.