Schonfeld Strategic Advisors LLC Makes New Investment in Moelis & Company (NYSE:MC)

Schonfeld Strategic Advisors LLC acquired a new position in Moelis & Company (NYSE:MC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 25,414 shares of the asset manager's stock, valued at approximately $1,878,000.

A number of other large investors have also modified their holdings of the company. CIBC Private Wealth Group LLC increased its stake in shares of Moelis & Company by 52.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Moelis & Company during the fourth quarter worth about $31,000. R Squared Ltd purchased a new stake in shares of Moelis & Company during the fourth quarter worth about $47,000. Jones Financial Companies Lllp increased its stake in shares of Moelis & Company by 148.3% during the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock worth $61,000 after purchasing an additional 491 shares in the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of Moelis & Company during the fourth quarter worth about $61,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on MC shares. JPMorgan Chase & Co. dropped their price objective on shares of Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $92.00 price objective (up previously from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. StockNews.com cut shares of Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. JMP Securities reaffirmed a "market perform" rating on shares of Moelis & Company in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their price objective on shares of Moelis & Company from $86.00 to $75.00 and set a "neutral" rating for the company in a research note on Friday, March 14th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $61.83.

Insider Transactions at Moelis & Company

In other news, COO Ciafone Katherine Pilcher sold 3,515 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $260,110.00. Following the transaction, the chief operating officer now directly owns 3,934 shares in the company, valued at approximately $291,116. This represents a 47.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Kenneth Moelis sold 9,712 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $718,688.00. Following the sale, the chief executive officer now owns 209,235 shares in the company, valued at approximately $15,483,390. This trade represents a 4.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,721 shares of company stock worth $1,677,017. 6.40% of the stock is currently owned by insiders.

Moelis & Company Stock Down 0.3%

NYSE:MC traded down $0.19 on Friday, hitting $54.94. The stock had a trading volume of 853,234 shares, compared to its average volume of 752,430. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 31.22 and a beta of 1.66. The company has a fifty day moving average price of $55.68 and a two-hundred day moving average price of $67.89. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.07. The company had revenue of $306.59 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the business posted $0.22 EPS. As a group, analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, May 5th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $2.60 annualized dividend and a dividend yield of 4.73%. Moelis & Company's dividend payout ratio is currently 119.27%.

Moelis & Company 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.