M&T Bank Corp Has $1.51 Million Position in Moelis & Company (NYSE:MC)

M&T Bank Corp increased its position in shares of Moelis & Company (NYSE:MC - Free Report) by 447.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,813 shares of the asset manager's stock after acquiring an additional 21,914 shares during the quarter. M&T Bank Corp's holdings in Moelis & Company were worth $1,505,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MC. Natixis Advisors L.P. increased its stake in shares of Moelis & Company by 19.0% during the 4th quarter. Natixis Advisors L.P. now owns 146,449 shares of the asset manager's stock valued at $8,219,000 after acquiring an additional 23,426 shares during the last quarter. Heritage Wealth Management LLC acquired a new position in Moelis & Company during the fourth quarter worth approximately $276,000. GAMMA Investing LLC purchased a new position in Moelis & Company during the fourth quarter worth approximately $34,000. Capital Investment Advisory Services LLC boosted its holdings in shares of Moelis & Company by 11.7% in the 4th quarter. Capital Investment Advisory Services LLC now owns 6,728 shares of the asset manager's stock valued at $378,000 after purchasing an additional 705 shares during the last quarter. Finally, Strata Wealth Advisors LLC purchased a new stake in shares of Moelis & Company during the 4th quarter valued at $2,922,000. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Stock Performance

Shares of MC stock traded up $0.29 on Friday, hitting $54.43. The stock had a trading volume of 482,467 shares, compared to its average volume of 649,048. The stock's 50 day moving average is $53.57 and its 200-day moving average is $52.24. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of -286.47 and a beta of 1.39. Moelis & Company has a 52-week low of $33.87 and a 52-week high of $58.67.

Moelis & Company (NYSE:MC - Get Free Report) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.11. Moelis & Company had a negative return on equity of 0.12% and a negative net margin of 1.33%. The company had revenue of $217.49 million during the quarter, compared to the consensus estimate of $219.30 million. During the same period last year, the firm earned $0.05 earnings per share. The company's revenue was up 17.4% on a year-over-year basis. Equities analysts expect that Moelis & Company will post 1.3 earnings per share for the current year.

Moelis & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Friday, May 3rd. Moelis & Company's dividend payout ratio (DPR) is currently -1,263.16%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. UBS Group lifted their target price on Moelis & Company from $45.00 to $47.00 and gave the company a "sell" rating in a report on Thursday, April 25th. The Goldman Sachs Group upgraded shares of Moelis & Company from a "sell" rating to a "neutral" rating and raised their price target for the company from $53.00 to $58.00 in a report on Wednesday, March 13th. JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a research report on Tuesday, April 9th. StockNews.com raised shares of Moelis & Company from a "sell" rating to a "hold" rating in a research report on Thursday, February 8th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $54.00 target price (down previously from $58.00) on shares of Moelis & Company in a report on Thursday, April 25th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $50.80.

Insider Transactions at Moelis & Company

In other news, General Counsel Osamu R. Watanabe sold 7,685 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total value of $404,231.00. Following the sale, the general counsel now owns 6,000 shares in the company, valued at approximately $315,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Kenneth Moelis sold 128,277 shares of the business's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the completion of the sale, the chief executive officer now owns 161,810 shares of the company's stock, valued at approximately $8,511,206. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Osamu R. Watanabe sold 7,685 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $404,231.00. Following the sale, the general counsel now owns 6,000 shares in the company, valued at approximately $315,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 403,425 shares of company stock valued at $21,647,307. 6.96% of the stock is currently owned by corporate insiders.

About Moelis & Company

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.