Moelis & Co (NYSE:MC) Director Kenneth Shropshire sold 1,500 shares of Moelis & Co stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $57.85, for a total value of $86,775.00. Following the sale, the director now directly owns 4,968 shares of the company’s stock, valued at $287,398.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:MC traded down $0.05 on Friday, reaching $58.05. The company’s stock had a trading volume of 266,870 shares, compared to its average volume of 406,561. Moelis & Co has a 1-year low of $37.75 and a 1-year high of $67.65. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 25.35 and a beta of 1.74.

Moelis & Co (NYSE:MC) last posted its earnings results on Monday, July 23rd. The asset manager reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.21. Moelis & Co had a return on equity of 50.56% and a net margin of 8.14%. The firm had revenue of $220.41 million during the quarter, compared to analysts’ expectations of $183.64 million. During the same period in the previous year, the firm earned $0.66 earnings per share. The company’s revenue was up 28.0% on a year-over-year basis. equities analysts expect that Moelis & Co will post 2.84 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Thursday, August 2nd will be paid a $0.47 dividend. The ex-dividend date is Wednesday, August 1st. This represents a $1.88 dividend on an annualized basis and a yield of 3.24%. Moelis & Co’s payout ratio is 82.10%.

A number of equities research analysts recently commented on MC shares. JMP Securities lifted their price objective on Moelis & Co from $55.00 to $57.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 24th. Morgan Stanley cut Moelis & Co from an “overweight” rating to an “equal weight” rating and set a $63.00 target price for the company. in a research note on Thursday, June 21st. They noted that the move was a valuation call. Zacks Investment Research raised Moelis & Co from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Wednesday, May 23rd. Buckingham Research boosted their target price on Moelis & Co from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, June 4th. Finally, Bank of America boosted their target price on Moelis & Co from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $62.17.

A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in shares of Moelis & Co by 556.9% during the first quarter. Wells Fargo & Company MN now owns 1,005,203 shares of the asset manager’s stock worth $51,115,000 after buying an additional 852,188 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Moelis & Co during the first quarter worth about $2,966,000. Swiss National Bank boosted its position in shares of Moelis & Co by 25.4% during the first quarter. Swiss National Bank now owns 70,000 shares of the asset manager’s stock worth $3,560,000 after buying an additional 14,200 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Moelis & Co by 7.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 170,641 shares of the asset manager’s stock worth $8,678,000 after buying an additional 11,195 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Moelis & Co by 24.7% during the first quarter. Neuberger Berman Group LLC now owns 119,673 shares of the asset manager’s stock worth $6,085,000 after buying an additional 23,693 shares during the period. 67.52% of the stock is owned by hedge funds and other institutional investors.

Moelis & Co Company Profile

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

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