Moelis & Company (NYSE:MC) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,165,231 shares of the asset manager's stock after selling 77,477 shares during the period. Ameriprise Financial Inc. owned approximately 2.89% of Moelis & Company worth $159,968,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tidal Investments LLC purchased a new stake in Moelis & Company during the third quarter worth $1,290,000. GAMMA Investing LLC increased its position in 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 purchasing an additional 180 shares in the last quarter. Fulton Bank N.A. raised its stake in Moelis & Company by 100.4% in the 4th quarter. Fulton Bank N.A. now owns 6,043 shares of the asset manager's stock valued at $446,000 after purchasing an additional 3,027 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Moelis & Company by 7.5% in 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 purchasing an additional 53,473 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its position in Moelis & Company by 5.0% during the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager's stock worth $330,000 after buying an additional 213 shares during the period. Hedge funds and other institutional investors own 91.53% of the company's stock.

Insider Transactions at Moelis & Company

In related news, General Counsel Osamu R. Watanabe sold 5,661 shares of the business'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 $418,914.00. Following the transaction, the general counsel now directly owns 6,471 shares of the company's stock, valued at approximately $478,854. The trade was a 46.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the insider now directly owns 1,227 shares of the company's stock, valued at $90,798. This trade represents a 51.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,721 shares of company stock worth $1,677,017. 6.40% of the stock is currently owned by corporate insiders.

Moelis & Company Trading Down 0.3 %

NYSE MC traded down $0.19 during trading hours on Friday, hitting $54.94. The company's stock had a trading volume of 853,234 shares, compared to its average volume of 752,430. The company's 50-day simple moving average is $55.68 and its two-hundred day simple moving average is $67.88. Moelis & Company has a 52 week low of $47.00 and a 52 week high of $82.89. The company has a market capitalization of $4.31 billion, a PE ratio of 31.22 and a beta of 1.66.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.07. The company had revenue of $306.59 million for 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%. Moelis & Company's revenue was up 41.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 EPS. Research analysts anticipate that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company's dividend payout ratio (DPR) is currently 119.27%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MC. Morgan Stanley decreased their target price on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a report on Monday, April 7th. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a research note on Thursday, April 24th. Wells Fargo & Company decreased their target price on Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered their price target on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th. Finally, The Goldman Sachs Group lowered their price target on Moelis & Company from $86.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, March 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Moelis & Company has an average rating of "Hold" and a consensus price target of $61.83.

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.