Moelis & Co (NYSE:MC) General Counsel Osamu R. Watanabe sold 5,185 shares of Moelis & Co stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $50.00, for a total transaction of $259,250.00. Following the sale, the general counsel now directly owns 10,499 shares in the company, valued at approximately $524,950. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Moelis & Co (MC) opened at $51.10 on Wednesday. Moelis & Co has a 1-year low of $34.60 and a 1-year high of $54.36. The firm has a market cap of $2,730.00, a P/E ratio of 8.46, a P/E/G ratio of 1.28 and a beta of 1.85.
Moelis & Co (NYSE:MC) last posted its earnings results on Wednesday, February 7th. The asset manager reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.10. Moelis & Co had a net margin of 4.29% and a return on equity of 48.98%. The firm had revenue of $169.17 million during the quarter, compared to the consensus estimate of $160.22 million. During the same quarter last year, the firm earned $0.66 EPS. The firm’s revenue for the quarter was down 17.3% on a year-over-year basis. research analysts expect that Moelis & Co will post 2.73 earnings per share for the current year.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Moelis & Co from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Tuesday, February 13th. Morgan Stanley lifted their target price on shares of Moelis & Co from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Bank of America lifted their target price on shares of Moelis & Co from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, ValuEngine upgraded shares of Moelis & Co from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.67.
Institutional investors have recently bought and sold shares of the stock. We Are One Seven LLC acquired a new stake in Moelis & Co in the 4th quarter valued at approximately $144,000. Advisor Group Inc. acquired a new stake in Moelis & Co in the 3rd quarter valued at approximately $138,000. Great West Life Assurance Co. Can increased its holdings in Moelis & Co by 69.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,523 shares of the asset manager’s stock valued at $152,000 after purchasing an additional 1,442 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Moelis & Co in the fourth quarter worth $200,000. Finally, Cetera Advisors LLC acquired a new position in shares of Moelis & Co in the fourth quarter worth $204,000. Hedge funds and other institutional investors own 58.69% of the company’s stock.
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Moelis & Co Company Profile
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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