Captrust Financial Advisors Has $589,000 Holdings in Moelis & Company (NYSE:MC)

Captrust Financial Advisors boosted its position in Moelis & Company (NYSE:MC) by 46.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,966 shares of the asset manager’s stock after buying an additional 2,508 shares during the quarter. Captrust Financial Advisors’ holdings in Moelis & Company were worth $589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CIBC Private Wealth Group LLC grew its stake in Moelis & Company by 52.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager’s stock valued at $30,000 after buying an additional 137 shares during the last quarter. Arizona State Retirement System grew its stake in Moelis & Company by 0.8% in the 4th quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager’s stock valued at $1,509,000 after buying an additional 163 shares during the last quarter. Choreo LLC grew its stake in Moelis & Company by 4.0% in the 4th quarter. Choreo LLC now owns 4,831 shares of the asset manager’s stock valued at $358,000 after buying an additional 187 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in Moelis & Company by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,394 shares of the asset manager’s stock valued at $546,000 after buying an additional 234 shares during the last quarter. Finally, Pitcairn Co. grew its stake in Moelis & Company by 2.7% in the 4th quarter. Pitcairn Co. now owns 9,687 shares of the asset manager’s stock valued at $716,000 after buying an additional 257 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Moelis & Company

In related news, Director Kenneth Shropshire sold 2,551 shares of Moelis & Company stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $72.30, for a total transaction of $184,437.30. Following the completion of the transaction, the director now directly owns 6,940 shares of the company’s stock, valued at $501,762. This trade represents a 26.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christopher Callesano sold 1,282 shares of Moelis & Company stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $94,868.00. Following the transaction, the insider now directly owns 1,227 shares of the company’s stock, valued at $90,798. This represents a 51.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 22,721 shares of company stock valued at $1,677,017. Company insiders own 6.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Moelis & Company from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 price target (up from $86.00) on shares of Moelis & Company in a research report on Thursday, February 6th. StockNews.com lowered shares of Moelis & Company from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Morgan Stanley decreased their price target on shares of Moelis & Company from $70.00 to $42.00 and set an “underweight” rating on the stock in a research report on Monday, April 7th. Finally, The Goldman Sachs Group raised their price target on shares of Moelis & Company from $56.00 to $63.00 and gave the stock a “neutral” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.83.

Moelis & Company Stock Performance

NYSE:MC opened at $61.61 on Friday. The company has a 50-day moving average of $55.63 and a 200-day moving average of $67.68. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 35.00 and a beta of 1.66. Moelis & Company has a 52 week low of $47.00 and a 52 week high of $82.89.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $306.59 million during the quarter, compared to the consensus estimate of $309.67 million. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The firm’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. Sell-side analysts forecast that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Dividend Announcement

The firm 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 dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Monday, May 5th. Moelis & Company’s payout ratio is 119.27%.

About Moelis & Company

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.