851 Shares in Moelis & Company (NYSE:MC) Bought by Wipfli Financial Advisors LLC

Wipfli Financial Advisors LLC acquired a new position in shares of Moelis & Company (NYSE:MCGet Rating) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 851 shares of the asset manager’s stock, valued at approximately $29,000.

A number of other hedge funds have also added to or reduced their stakes in MC. Kayne Anderson Rudnick Investment Management LLC grew its position in Moelis & Company by 14.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,135,784 shares of the asset manager’s stock valued at $241,443,000 after purchasing an additional 757,607 shares in the last quarter. Madison Asset Management LLC grew its position in Moelis & Company by 84.7% in the second quarter. Madison Asset Management LLC now owns 773,185 shares of the asset manager’s stock valued at $30,425,000 after purchasing an additional 354,484 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Moelis & Company by 448.3% in the 2nd quarter. Renaissance Technologies LLC now owns 414,244 shares of the asset manager’s stock valued at $16,301,000 after acquiring an additional 338,700 shares during the period. Raymond James & Associates grew its position in shares of Moelis & Company by 267.8% in the 3rd quarter. Raymond James & Associates now owns 376,340 shares of the asset manager’s stock valued at $12,724,000 after acquiring an additional 274,023 shares during the period. Finally, Adirondack Retirement Specialists Inc. grew its position in shares of Moelis & Company by 124.6% in the 2nd quarter. Adirondack Retirement Specialists Inc. now owns 423,639 shares of the asset manager’s stock valued at $16,492,000 after acquiring an additional 235,031 shares during the period. Institutional investors own 90.35% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MC shares. StockNews.com started coverage on shares of Moelis & Company in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. JPMorgan Chase & Co. decreased their price objective on shares of Moelis & Company from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, November 3rd. The Goldman Sachs Group downgraded shares of Moelis & Company from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $40.00 to $37.00 in a research report on Wednesday, January 11th. UBS Group decreased their price objective on shares of Moelis & Company from $32.00 to $30.00 and set a “sell” rating for the company in a research report on Monday, January 9th. Finally, Keefe, Bruyette & Woods downgraded shares of Moelis & Company from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $40.00 to $37.00 in a research report on Thursday, November 3rd. Five research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $38.14.

Moelis & Company Stock Performance

Shares of MC stock opened at $44.88 on Friday. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 13.68 and a beta of 1.39. The company has a 50-day simple moving average of $42.15 and a 200 day simple moving average of $41.40. Moelis & Company has a 52 week low of $33.12 and a 52 week high of $58.59.

Moelis & Company (NYSE:MCGet Rating) last announced its earnings results on Wednesday, November 2nd. The asset manager reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Moelis & Company had a net margin of 19.06% and a return on equity of 55.92%. The business had revenue of $233.51 million during the quarter, compared to the consensus estimate of $208.42 million. Sell-side analysts forecast that Moelis & Company will post 2.28 EPS for the current year.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Monday, November 14th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.35%. The ex-dividend date was Thursday, November 10th. Moelis & Company’s dividend payout ratio (DPR) is 73.17%.

Insiders Place Their Bets

In other Moelis & Company news, CEO Kenneth Moelis sold 10,253 shares of Moelis & Company stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $45.55, for a total value of $467,024.15. Following the completion of the sale, the chief executive officer now owns 193,423 shares in the company, valued at approximately $8,810,417.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Moelis & Company news, CFO Joseph Simon sold 12,370 shares of Moelis & Company stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $45.98, for a total value of $568,772.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kenneth Moelis sold 10,253 shares of the business’s stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $45.55, for a total transaction of $467,024.15. Following the completion of the transaction, the chief executive officer now owns 193,423 shares of the company’s stock, valued at $8,810,417.65. The disclosure for this sale can be found here. Insiders sold 105,544 shares of company stock worth $4,850,992 in the last quarter. 7.97% of the stock is currently owned by corporate insiders.

About Moelis & Company

(Get Rating)

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. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.

Further Reading

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Institutional Ownership by Quarter for Moelis & Company (NYSE:MC)

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