US Bancorp DE Has $494,000 Holdings in Moelis & Company (NYSE:MC)

US Bancorp DE lifted its stake in Moelis & Company (NYSE:MC – Get Rating) by 7.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,606 shares of the asset manager’s stock after buying an additional 1,053 shares during the period. US Bancorp DE’s holdings in Moelis & Company were worth $494,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Wipfli Financial Advisors LLC acquired a new position in shares of Moelis & Company in the 3rd quarter worth approximately $29,000. First Horizon Advisors Inc. bought a new stake in Moelis & Company during the 2nd quarter worth approximately $40,000. Exchange Traded Concepts LLC grew its position in Moelis & Company by 35.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,090 shares of the asset manager’s stock worth $37,000 after acquiring an additional 285 shares during the last quarter. Wolff Wiese Magana LLC grew its position in Moelis & Company by 43.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 1,157 shares of the asset manager’s stock worth $39,000 after acquiring an additional 348 shares during the last quarter. Finally, Covestor Ltd grew its position in Moelis & Company by 230.3% during the 1st quarter. Covestor Ltd now owns 1,539 shares of the asset manager’s stock worth $72,000 after acquiring an additional 1,073 shares during the last quarter. 90.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Moelis & Company

In related news, CEO Kenneth Moelis sold 10,253 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $45.55, for a total transaction of $467,024.15. Following the sale, the chief executive officer now owns 193,423 shares of the company’s stock, valued at approximately $8,810,417.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Kenneth Moelis sold 10,253 shares of the firm’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $45.55, for a total transaction of $467,024.15. Following the sale, the chief executive officer now owns 193,423 shares of the company’s stock, valued at approximately $8,810,417.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph Simon sold 12,370 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $45.98, for a total value of $568,772.60. The disclosure for this sale can be found here. Insiders have sold 105,544 shares of company stock worth $4,850,992 in the last three months. Insiders own 7.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Moelis & Company Stock Up 1.0 %

NYSE:MC opened at $45.35 on Monday. Moelis & Company has a 12-month low of $33.12 and a 12-month high of $58.59. The firm has a market capitalization of $3.11 billion, a P/E ratio of 13.83 and a beta of 1.39. The stock’s fifty day simple moving average is $42.13 and its 200-day simple moving average is $41.45.

Moelis & Company (NYSE:MC – Get Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The asset manager reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.05. Moelis & Company had a return on equity of 55.92% and a net margin of 19.06%. The business had revenue of $233.51 million for the quarter, compared to analyst estimates of $208.42 million. As a group, equities research analysts expect that Moelis & Company will post 2.26 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Monday, November 14th were given a $0.60 dividend. The ex-dividend date was Thursday, November 10th. This represents a $2.40 annualized dividend and a dividend yield of 5.29%. Moelis & Company’s dividend payout ratio is currently 73.17%.

Moelis & Company Profile

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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.