Xponance Inc. Has $375,000 Stake in Moelis & Company (NYSE:MC)

Xponance Inc. lifted its stake in Moelis & Company (NYSE:MC) by 9.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,079 shares of the asset manager’s stock after buying an additional 440 shares during the period. Xponance Inc.’s holdings in Moelis & Company were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in Moelis & Company by 0.8% in the 4th quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager’s stock valued at $1,509,000 after buying an additional 163 shares during the period. GAMMA Investing LLC increased its stake in Moelis & Company by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock valued at $87,000 after acquiring an additional 180 shares during the last quarter. Choreo LLC increased its stake in Moelis & Company by 4.0% in the fourth quarter. Choreo LLC now owns 4,831 shares of the asset manager’s stock valued at $358,000 after acquiring an additional 187 shares during the last quarter. Heritage Family Offices LLP raised 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 lifted its stake 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 worth $4,287,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

Insiders Place Their Bets

In other Moelis & Company news, Director Kenneth Shropshire sold 2,551 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $72.30, for a total transaction of $184,437.30. Following the completion of the transaction, the director now owns 6,940 shares in the company, valued at $501,762. This trade represents a 26.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Kenneth Moelis sold 9,712 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $718,688.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 22,721 shares of company stock valued at $1,677,017 over the last ninety days. 6.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MC shares. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price target (up previously from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. The Goldman Sachs Group dropped their target price on shares of Moelis & Company from $86.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, March 14th. Wells Fargo & Company lifted their price target on shares of Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. Finally, StockNews.com lowered shares of Moelis & Company from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Moelis & Company presently has an average rating of “Hold” and an average price target of $71.83.

Moelis & Company Trading Down 2.0 %

MC stock opened at $61.68 on Thursday. The stock has a market cap of $4.62 billion, a P/E ratio of 35.04 and a beta of 1.43. The stock’s fifty day simple moving average is $70.88 and its two-hundred day simple moving average is $71.49. Moelis & Company has a 1-year low of $46.24 and a 1-year high of $82.89.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. As a group, analysts forecast 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. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 4.22%. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 18th. Moelis & Company’s dividend payout ratio is 147.73%.

About Moelis & Company

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.