Los Angeles Capital Management LLC Has $973,000 Position in Moelis & Company (NYSE:MC)

Los Angeles Capital Management LLC raised its stake in shares of Moelis & Company (NYSE:MC) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,167 shares of the asset manager’s stock after buying an additional 919 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Moelis & Company were worth $973,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Moelis & Company during the 3rd quarter worth about $3,433,000. Natixis Advisors LLC grew its position in shares of Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after purchasing an additional 96,720 shares during the period. Hodges Capital Management Inc. acquired a new position in shares of Moelis & Company in the 4th quarter valued at approximately $9,149,000. Cerity Partners LLC grew its position in shares of Moelis & Company by 129.8% in 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. grew its position in shares of Moelis & Company by 1.9% in the 3rd 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 during the period. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Trading Up 1.5 %

MC opened at $70.61 on Friday. Moelis & Company has a 1-year low of $46.24 and a 1-year high of $82.89. The stock’s fifty day simple moving average is $75.40 and its 200 day simple moving average is $71.92. The stock has a market cap of $5.29 billion, a PE ratio of 40.12 and a beta of 1.40.

Moelis & Company (NYSE:MC) last issued 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 return on equity of 38.49% and a net margin of 11.39%. Equities analysts forecast that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.65 per share. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Tuesday, February 18th. Moelis & Company’s dividend payout ratio is 147.73%.

Insider Transactions at Moelis & Company

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

Analysts Set New Price Targets

MC has been the subject of several research analyst reports. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. Morgan Stanley boosted their target price on Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. The Goldman Sachs Group boosted their target price on Moelis & Company from $79.00 to $87.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. Finally, StockNews.com cut Moelis & Company from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Moelis & Company presently has an average rating of “Hold” and a consensus price target of $78.83.

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.