Moelis & Company (NYSE:MC) Stock Holdings Lowered by Trajan Wealth LLC

Trajan Wealth LLC cut its position in Moelis & Company (NYSE:MC) by 9.9% during the 4th quarter, HoldingsChannel reports. The firm owned 3,132 shares of the asset manager’s stock after selling 346 shares during the quarter. Trajan Wealth LLC’s holdings in Moelis & Company were worth $231,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Buying and Selling

In related news, COO Ciafone Katherine Pilcher sold 3,515 shares of the company’s stock in a transaction 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Osamu R. Watanabe sold 5,661 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $418,914.00. Following the transaction, the general counsel now directly owns 6,471 shares in the company, valued at $478,854. The trade was a 46.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,721 shares of company stock worth $1,677,017. 6.40% of the stock is owned by company insiders.

Moelis & Company Stock Performance

NYSE MC opened at $51.68 on Monday. The firm’s 50 day moving average price is $61.50 and its two-hundred day moving average price is $69.58. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89. The stock has a market cap of $3.87 billion, a price-to-earnings ratio of 29.37 and a beta of 1.53.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. On average, research analysts forecast that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.03%. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 18th. Moelis & Company’s dividend payout ratio is 147.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. The Goldman Sachs Group lowered their target price on Moelis & Company from $86.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, March 14th. StockNews.com downgraded shares of Moelis & Company from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Morgan Stanley dropped 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. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.50.

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.