Moelis & Company (NYSE:MC) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Moelis & Company (NYSE:MC) by 32.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,337 shares of the asset manager’s stock after purchasing an additional 3,538 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Moelis & Company were worth $805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MC. Mendota Financial Group LLC purchased a new stake in shares of Moelis & Company during the fourth quarter worth about $34,000. Neo Ivy Capital Management purchased a new stake in Moelis & Company during the 3rd quarter worth approximately $99,000. International Assets Investment Management LLC increased its stake in Moelis & Company by 890.4% during the 4th quarter. International Assets Investment Management LLC now owns 3,199 shares of the asset manager’s stock worth $180,000 after buying an additional 2,876 shares in the last quarter. Strs Ohio raised its holdings in shares of Moelis & Company by 28.6% during the third quarter. Strs Ohio now owns 3,600 shares of the asset manager’s stock valued at $162,000 after acquiring an additional 800 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Moelis & Company in the third quarter valued at approximately $174,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Price Performance

NYSE MC opened at $50.05 on Tuesday. The company has a market cap of $3.56 billion, a P/E ratio of -263.42 and a beta of 1.35. The stock has a 50-day moving average of $53.96 and a two-hundred day moving average of $51.68. Moelis & Company has a 1-year low of $33.87 and a 1-year high of $58.67.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.12%. The business had revenue of $217.49 million during the quarter, compared to analyst estimates of $219.30 million. During the same quarter last year, the firm posted $0.05 earnings per share. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. On average, analysts anticipate that Moelis & Company will post 1.29 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.40 annualized dividend and a dividend yield of 4.80%. Moelis & Company’s dividend payout ratio (DPR) is -1,263.16%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. UBS Group boosted their price target on Moelis & Company from $45.00 to $47.00 and gave the stock a “sell” rating in a research report on Thursday, April 25th. JPMorgan Chase & Co. increased their target price on shares of Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 price target (down from $58.00) on shares of Moelis & Company in a research report on Thursday, April 25th. The Goldman Sachs Group upgraded shares of Moelis & Company from a “sell” rating to a “neutral” rating and increased their price objective for the company from $53.00 to $58.00 in a report on Wednesday, March 13th. Finally, StockNews.com upgraded Moelis & Company from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $50.80.

Insider Transactions at Moelis & Company

In related news, CEO Kenneth Moelis sold 128,277 shares of Moelis & Company stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $6,747,370.20. Following the completion of the transaction, the chief executive officer now directly owns 161,810 shares in the company, valued at $8,511,206. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Kenneth Moelis sold 128,277 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the completion of the transaction, the chief executive officer now directly owns 161,810 shares of the company’s stock, valued at $8,511,206. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Navid Mahmoodzadegan sold 50,772 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $54.11, for a total transaction of $2,747,272.92. Following the completion of the sale, the insider now directly owns 64,463 shares in the company, valued at approximately $3,488,092.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 375,185 shares of company stock valued at $20,130,225. 6.96% of the stock is currently owned by company insiders.

About Moelis & Company

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.