Charles Schwab Investment Management Inc. Acquires 6,046 Shares of MoneyLion Inc. (NYSE:ML)

Charles Schwab Investment Management Inc. lifted its holdings in MoneyLion Inc. (NYSE:ML) by 11.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 61,133 shares of the company’s stock after acquiring an additional 6,046 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in MoneyLion were worth $5,258,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. MMCAP International Inc. SPC bought a new position in shares of MoneyLion during the fourth quarter valued at about $41,435,000. State Street Corp boosted its holdings in MoneyLion by 3.1% during the 3rd quarter. State Street Corp now owns 169,694 shares of the company’s stock valued at $7,051,000 after acquiring an additional 5,108 shares during the period. Geode Capital Management LLC boosted its holdings in MoneyLion by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 167,197 shares of the company’s stock valued at $6,948,000 after acquiring an additional 9,106 shares during the period. Nordea Investment Management AB increased its stake in MoneyLion by 238.8% in the 4th quarter. Nordea Investment Management AB now owns 30,760 shares of the company’s stock worth $2,653,000 after purchasing an additional 21,681 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in MoneyLion by 11.6% in the fourth quarter. Bank of New York Mellon Corp now owns 19,648 shares of the company’s stock valued at $1,690,000 after purchasing an additional 2,050 shares during the last quarter. Hedge funds and other institutional investors own 31.43% of the company’s stock.

Insider Buying and Selling at MoneyLion

In related news, CAO Mark Torossian sold 1,136 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $87.26, for a total value of $99,127.36. Following the sale, the chief accounting officer now owns 17,476 shares in the company, valued at approximately $1,524,955.76. The trade was a 6.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Richard Correia sold 3,502 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $85.76, for a total transaction of $300,331.52. Following the completion of the transaction, the chief financial officer now directly owns 182,570 shares of the company’s stock, valued at approximately $15,657,203.20. The trade was a 1.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,309 shares of company stock valued at $4,716,335 in the last three months. 11.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ML has been the subject of several analyst reports. Northland Securities increased their price target on shares of MoneyLion from $80.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, November 27th. Needham & Company LLC reaffirmed a “hold” rating on shares of MoneyLion in a research note on Friday, March 7th. Lake Street Capital reissued a “hold” rating and issued a $82.00 target price (down from $109.00) on shares of MoneyLion in a research note on Wednesday, December 11th. Finally, B. Riley lowered MoneyLion from a “buy” rating to a “neutral” rating and lowered their price target for the company from $133.00 to $90.00 in a research report on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.83.

MoneyLion Stock Up 0.1 %

ML stock opened at $88.05 on Wednesday. The business’s 50-day moving average price is $86.94 and its 200-day moving average price is $72.99. The stock has a market cap of $996.73 million, a P/E ratio of 400.23 and a beta of 3.04. MoneyLion Inc. has a twelve month low of $36.65 and a twelve month high of $106.82.

MoneyLion Company Profile

MoneyLion Inc, a financial technology company, provides personalized products and financial content for American consumers. The company's platform offers access to banking, borrowing, and investing solutions for customers. Its principal products include RoarMoney, an insured digital demand deposit account; Instacash, a cash advance product that gives customers early access to their recurring income deposits; Credit Builder Plus membership program; MoneyLion Investing, an online investment account that offers access to separately managed accounts invested based on model exchange-traded fund portfolios; Roundups, which provides features designed to encourage customers to establish good saving and investing habits; and MoneyLion Crypto, an online cryptocurrency account.