Moelis & Co (NYSE:MC) CFO Joseph Simon sold 2,528 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $50.00, for a total value of $126,400.00. Following the sale, the chief financial officer now directly owns 15,353 shares in the company, valued at approximately $767,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Moelis & Co (NYSE MC) opened at $51.10 on Wednesday. The company has a market capitalization of $2,730.00, a PE ratio of 8.46, a PEG ratio of 1.28 and a beta of 1.85. Moelis & Co has a 1 year low of $34.60 and a 1 year high of $54.36.
Moelis & Co (NYSE:MC) last released its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.10. The company had revenue of $169.17 million for the quarter, compared to analyst estimates of $160.22 million. Moelis & Co had a return on equity of 48.98% and a net margin of 4.29%. Moelis & Co’s revenue was down 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share. equities research analysts predict that Moelis & Co will post 2.73 earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in 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 raised its position 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 buying an additional 1,442 shares during the last quarter. First Republic Investment Management Inc. acquired a new stake in Moelis & Co in the 4th quarter valued at approximately $200,000. Finally, Cetera Advisors LLC acquired a new stake in Moelis & Co in the 4th quarter valued at approximately $204,000. 58.69% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently commented on MC shares. Zacks Investment Research raised Moelis & Co from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, October 31st. ValuEngine raised Moelis & Co from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Bank of America raised their price target on Moelis & Co from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley raised their price target on Moelis & Co from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $50.67.
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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