Mutual of America Capital Management LLC Raises Holdings in Moelis & Company (NYSE:MC)

Mutual of America Capital Management LLC increased its position in Moelis & Company (NYSE:MC - Free Report) by 26.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,568 shares of the asset manager's stock after purchasing an additional 20,413 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.14% of Moelis & Company worth $5,420,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Moelis & Company by 0.4% during the third quarter. Vanguard Group Inc. now owns 7,787,483 shares of the asset manager's stock worth $351,449,000 after acquiring an additional 28,446 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Moelis & Company by 0.7% in 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 buying an additional 49,291 shares in the last quarter. BlackRock Inc. increased its stake in shares of Moelis & Company by 16.2% in the second quarter. BlackRock Inc. now owns 6,239,113 shares of the asset manager's stock valued at $282,881,000 after buying an additional 870,362 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Moelis & Company by 1,654.6% in 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 buying an additional 4,533,955 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Moelis & Company by 0.6% in the fourth quarter. Alliancebernstein L.P. now owns 2,907,088 shares of the asset manager's stock valued at $111,545,000 after buying an additional 18,721 shares in the last quarter. 91.53% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Moelis & Company news, CEO Kenneth Moelis sold 75,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $54.11, for a total transaction of $4,058,250.00. Following the completion of the transaction, the chief executive officer now owns 86,441 shares of the company's stock, valued at approximately $4,677,322.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Kenneth Moelis sold 75,000 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $54.11, for a total transaction of $4,058,250.00. Following the sale, the chief executive officer now owns 86,441 shares in the company, valued at approximately $4,677,322.51. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Eric Cantor sold 17,857 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $939,278.20. Following the sale, the insider now owns 195,863 shares in the company, valued at approximately $10,302,393.80. The disclosure for this sale can be found here. Insiders sold a total of 375,185 shares of company stock valued at $20,130,225 in the last quarter. 6.96% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MC shares. StockNews.com upgraded Moelis & Company from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $56.00 target price on shares of Moelis & Company in a report on Monday, January 29th. JPMorgan Chase & Co. raised their target price on Moelis & Company from $46.00 to $57.00 and gave the stock a "neutral" rating in a report on Thursday, February 8th. UBS Group reduced their target price on Moelis & Company from $46.00 to $45.00 and set a "sell" rating on the stock in a report on Tuesday, March 26th. Finally, The Goldman Sachs Group upgraded Moelis & Company from a "sell" rating to a "neutral" rating and raised their target price for the stock from $53.00 to $58.00 in a report on Wednesday, March 13th. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company's stock. Based on data from MarketBeat.com, Moelis & Company presently has an average rating of "Hold" and an average price target of $50.80.

Moelis & Company Trading Down 0.6 %

Shares of NYSE:MC traded down $0.32 during trading on Monday, hitting $51.73. 586,759 shares of the company's stock traded hands, compared to its average volume of 635,902. Moelis & Company has a 52 week low of $33.87 and a 52 week high of $58.67. The company has a market cap of $3.68 billion, a price-to-earnings ratio of -143.69 and a beta of 1.35. The company has a 50-day moving average price of $54.63 and a 200-day moving average price of $51.16.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The asset manager reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.05. The business had revenue of $214.90 million for the quarter, compared to analysts' expectations of $197.98 million. Moelis & Company had a negative return on equity of 3.82% and a negative net margin of 2.89%. Moelis & Company's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. On average, analysts predict that Moelis & Company will post 1.5 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

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

Moelis & Company 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.