11,097 Shares in Moelis & Company (NYSE:MC) Purchased by Impact Capital Partners LLC

Impact Capital Partners LLC acquired a new stake in Moelis & Company (NYSE:MC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,097 shares of the asset manager’s stock, valued at approximately $820,000.

Other hedge funds have also added to or reduced their stakes in the company. Swiss National Bank lifted its holdings in Moelis & Company by 0.7% during the 4th quarter. Swiss National Bank now owns 138,400 shares of the asset manager’s stock worth $10,225,000 after buying an additional 1,000 shares during the period. Wealthfront Advisers LLC purchased a new position in Moelis & Company in the fourth quarter valued at approximately $2,619,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Moelis & Company by 22.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,927 shares of the asset manager’s stock worth $1,398,000 after purchasing an additional 3,432 shares during the period. AlphaQuest LLC bought a new position in Moelis & Company in the fourth quarter valued at $61,000. Finally, Capital Management Corp VA grew its stake in shares of Moelis & Company by 0.3% during the fourth quarter. Capital Management Corp VA now owns 181,088 shares of the asset manager’s stock valued at $13,379,000 after buying an additional 629 shares during the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Trading Up 0.6 %

MC opened at $60.17 on Thursday. The firm’s 50-day moving average price is $73.49 and its 200 day moving average price is $71.87. The firm has a market capitalization of $4.51 billion, a PE ratio of 34.19 and a beta of 1.43. 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 data on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, beating 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%. As a group, analysts predict that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from Moelis & Company’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 18th. Moelis & Company’s dividend payout ratio (DPR) is presently 147.73%.

Analyst Ratings Changes

MC has been the subject of several research analyst reports. StockNews.com lowered shares of Moelis & Company from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Morgan Stanley lifted their price target on shares of Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price target on shares of Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Moelis & Company from $79.00 to $87.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.83.

Insider Activity

In other news, General Counsel Osamu R. Watanabe sold 5,661 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $418,914.00. Following the sale, the general counsel now owns 6,471 shares in the company, valued at approximately $478,854. This represents a 46.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth Shropshire sold 2,551 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $72.30, for a total transaction of $184,437.30. Following the sale, the director now owns 6,940 shares in the company, valued at approximately $501,762. This trade represents a 26.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,721 shares of company stock worth $1,677,017. Company insiders own 6.40% of the company’s stock.

Moelis & 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.