Charles Schwab Investment Management Inc. Purchases 12,632 Shares of Moelis & Company (NYSE:MC)

Charles Schwab Investment Management Inc. lifted its position in shares of Moelis & Company (NYSE:MC) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 935,552 shares of the asset manager’s stock after buying an additional 12,632 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.25% of Moelis & Company worth $69,119,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC boosted its position in Moelis & Company by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock valued at $946,000 after purchasing an additional 172 shares in the last quarter. GAMMA Investing LLC boosted its position in Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 180 shares in the last quarter. Choreo LLC boosted its position in Moelis & Company by 4.0% during the fourth quarter. Choreo LLC now owns 4,831 shares of the asset manager’s stock valued at $358,000 after purchasing an additional 187 shares in the last quarter. Heritage Family Offices LLP boosted its position in Moelis & Company by 5.0% during the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager’s stock valued at $330,000 after purchasing an additional 213 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in Moelis & Company by 0.4% during the third quarter. Fisher Asset Management LLC now owns 62,570 shares of the asset manager’s stock valued at $4,287,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Stock Performance

Shares of NYSE MC opened at $59.78 on Wednesday. The company has a market cap of $4.48 billion, a PE ratio of 33.96 and a beta of 1.43. The business has a 50-day simple moving average of $73.77 and a two-hundred day simple moving average of $71.95. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $82.89.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. On average, sell-side analysts predict that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.35%. This is a boost from Moelis & Company’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 18th. Moelis & Company’s dividend payout ratio (DPR) is presently 147.73%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MC. StockNews.com downgraded Moelis & Company from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. The Goldman Sachs Group raised their price objective on Moelis & Company from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. Morgan Stanley raised their price target on Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $92.00 price target (up previously from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $78.83.

Insider Transactions at Moelis & Company

In related news, CEO Kenneth Moelis sold 9,712 shares of Moelis & Company stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total transaction of $718,688.00. Following the completion of the transaction, the chief executive officer now directly owns 209,235 shares in the company, valued at approximately $15,483,390. This trade represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Callesano sold 1,282 shares of Moelis & Company stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total value of $94,868.00. Following the transaction, the insider now owns 1,227 shares of the company’s stock, valued at approximately $90,798. This represents a 51.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,721 shares of company stock worth $1,677,017 over the last three months. 6.40% of the stock is currently owned by insiders.

Moelis & Company 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.