Moelis & Co (NYSE:MC) insider Christopher Callesano sold 1,360 shares of Moelis & Co stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $50.51, for a total transaction of $68,693.60. Following the transaction, the insider now directly owns 2,062 shares in the company, valued at $104,151.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Moelis & Co (NYSE MC) opened at $50.75 on Thursday. The company has a market cap of $2,723.22, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.28 and a beta of 1.85. Moelis & Co has a 52-week low of $34.60 and a 52-week high of $54.36.
Moelis & Co (NYSE:MC) last posted its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.42 by $0.10. The business had revenue of $169.17 million for the quarter, compared to analysts’ expectations of $160.22 million. Moelis & Co had a net margin of 4.29% and a return on equity of 48.98%. The firm’s revenue was down 17.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. equities analysts predict that Moelis & Co will post 2.73 EPS for the current year.
A number of equities analysts have recently weighed in on the stock. Bank of America lifted their price target on shares of Moelis & Co from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research cut shares of Moelis & Co from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. ValuEngine raised shares of Moelis & Co from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Morgan Stanley lifted their price target on shares of Moelis & Co from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Moelis & Co presently has a consensus rating of “Buy” and an average price target of $50.67.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. We Are One Seven LLC bought a new stake in Moelis & Co in the 4th quarter valued at $144,000. MetLife Investment Advisors LLC bought a new stake in Moelis & Co in the 4th quarter valued at $714,000. Vident Investment Advisory LLC lifted its position in Moelis & Co by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 55,184 shares of the asset manager’s stock valued at $2,676,000 after acquiring an additional 3,366 shares in the last quarter. Stone Ridge Asset Management LLC bought a new stake in Moelis & Co in the 4th quarter valued at $963,000. Finally, Deutsche Bank AG lifted its position in Moelis & Co by 10.2% in the 4th quarter. Deutsche Bank AG now owns 241,034 shares of the asset manager’s stock valued at $11,689,000 after acquiring an additional 22,306 shares in the last quarter. 58.69% of the stock is currently owned by institutional investors and hedge funds.
About Moelis & Co
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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