OmniStar Financial Group Inc. Buys Shares of 12,652 Moelis & Company (NYSE:MC)

OmniStar Financial Group Inc. bought a new position in Moelis & Company (NYSE:MC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,652 shares of the asset manager’s stock, valued at approximately $869,000.

A number of other institutional investors and hedge funds have also modified their holdings of MC. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Moelis & Company by 0.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,190,221 shares of the asset manager’s stock valued at $408,836,000 after purchasing an additional 47,365 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Moelis & Company by 4.9% during the 1st quarter. Wasatch Advisors LP now owns 3,417,643 shares of the asset manager’s stock valued at $194,020,000 after acquiring an additional 159,797 shares during the last quarter. Lord Abbett & CO. LLC raised its stake in shares of Moelis & Company by 5.2% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,118,245 shares of the asset manager’s stock valued at $63,483,000 after acquiring an additional 55,402 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Moelis & Company by 4.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 755,541 shares of the asset manager’s stock worth $42,960,000 after purchasing an additional 29,532 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Moelis & Company by 179.2% during the second quarter. Natixis Advisors LLC now owns 708,140 shares of the asset manager’s stock valued at $40,265,000 after purchasing an additional 454,478 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, CFO Joseph Simon sold 6,723 shares of Moelis & Company stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $64.00, for a total transaction of $430,272.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Joseph Simon sold 6,723 shares of Moelis & Company stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $64.00, for a total value of $430,272.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth Shropshire sold 495 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $69.29, for a total value of $34,298.55. Following the sale, the director now owns 9,372 shares in the company, valued at approximately $649,385.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,526 shares of company stock worth $830,133 over the last three months. Company insiders own 6.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. UBS Group raised their price target on Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Morgan Stanley boosted their price objective on Moelis & Company from $61.00 to $67.00 and gave the stock an “underweight” rating in a research report on Monday, September 23rd. Wells Fargo & Company began coverage on Moelis & Company in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 target price on the stock. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 price target (up from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and a consensus price target of $61.00.

Moelis & Company Stock Down 0.0 %

MC traded down $0.01 during trading on Friday, reaching $71.89. 112,679 shares of the company’s stock were exchanged, compared to its average volume of 624,540. The company has a market capitalization of $5.38 billion, a P/E ratio of -378.42 and a beta of 1.33. The business has a 50 day moving average price of $66.76 and a 200 day moving average price of $60.16. Moelis & Company has a fifty-two week low of $38.58 and a fifty-two week high of $72.80.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, July 24th. The asset manager reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. The business had revenue of $264.59 million for the quarter, compared to analysts’ expectations of $227.90 million. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. As a group, research analysts forecast that Moelis & Company will post 1.08 EPS for the current year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, August 5th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.34%. The ex-dividend date was Monday, August 5th. Moelis & Company’s dividend payout ratio is -1,263.16%.

Moelis & Company Profile

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, as well as strategic, capital structure, and private funds advisory.