Moelis & Company (NYSE:MC) Holdings Raised by CIBC Asset Management Inc

CIBC Asset Management Inc increased its stake in Moelis & Company (NYSE:MC) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,405 shares of the asset manager’s stock after purchasing an additional 325 shares during the quarter. CIBC Asset Management Inc’s holdings in Moelis & Company were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Moelis & Company in the third quarter worth approximately $3,433,000. Natixis Advisors LLC boosted its stake in Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock worth $55,141,000 after purchasing an additional 96,720 shares during the period. Hodges Capital Management Inc. purchased a new position in Moelis & Company during the 4th quarter worth approximately $9,149,000. Cerity Partners LLC raised its stake in Moelis & Company by 129.8% during the 3rd quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager’s stock valued at $949,000 after purchasing an additional 7,819 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Moelis & Company by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock valued at $63,229,000 after purchasing an additional 16,830 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MC shares. Wells Fargo & Company increased their price objective on Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Morgan Stanley raised their price target on shares of Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. StockNews.com downgraded shares of Moelis & Company from a “buy” rating to a “hold” rating in a research report on Friday. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Moelis & Company from $79.00 to $87.00 and gave the company a “neutral” rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $78.83.

Insider Activity

In related news, insider Christopher Callesano sold 1,282 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 $94,868.00. Following the completion of the sale, the insider now owns 1,227 shares in the company, valued at $90,798. This represents a 51.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Ciafone Katherine Pilcher sold 3,515 shares of the stock in a transaction dated Wednesday, February 19th. The stock was 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 owns 3,934 shares of the company’s stock, valued at $291,116. This trade represents a 47.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,721 shares of company stock valued at $1,677,017 over the last 90 days. 6.40% of the stock is owned by company insiders.

Moelis & Company Stock Down 3.0 %

MC stock opened at $71.37 on Monday. The business’s 50-day simple moving average is $75.73 and its 200 day simple moving average is $71.74. The company has a market cap of $5.35 billion, a PE ratio of 40.55 and a beta of 1.40. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89.

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

Moelis & Company Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Tuesday, February 18th. This is a boost from Moelis & Company’s previous quarterly dividend of $0.60. Moelis & Company’s payout ratio is 147.73%.

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.