2 hours Ago By ABMN Staff
Truist Financial Corp cut its position in Moelis & Company ( NYSE:MC – Free Report ) by 3.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 5,760 shares of the asset manager’s stock after selling 200 shares during the period.
Truist Financial Corp’s holdings in Moelis & Company were worth $328,000 at the end of the most recent quarter. Other institutional investors also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Moelis & Company by 0.
7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,190,221 shares of the asset manager’s stock valued at $408,836,000 after purchasing an additional 47,365 shares during the last quarter. Wasatch Advisors LP raised its stake in Moelis & Company by 4.
9% during the 1st quarter. Wasatch Advisors LP now owns 3,417,643 shares of the asset manager’s stock worth $194,020,000 after acquiring an additional 159,797 shares in the last quarter. Lord Abbett & CO.
LLC raised its stake in Moelis & Company by 5.2% during the 1st quarter. Lord Abbett & CO.
LLC now owns 1,118,245 shares of the asset manager’s stock worth $63,483,000 after acquiring an additional 55,402 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Moelis & Company by 4.1% in the second quarter.
Bank of New York Mellon Corp now owns 755,541 shares of the asset manager’s stock valued at $42,960,000 after acquiring an additional 29,532 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Moelis & Company by 179.2% in the second quarter.
Natixis Advisors LLC now owns 708,140 shares of the asset manager’s stock valued at $40,265,000 after acquiring an additional 454,478 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.
Moelis & Company Trading Down 0.8 % Shares of NYSE MC opened at $71.32 on Friday.
The stock has a fifty day moving average price of $66.97 and a 200 day moving average price of $60.26.
Moelis & Company has a 12-month low of $38.58 and a 12-month high of $72.80.
The company has a market cap of $5.33 billion, a P/E ratio of -375.37 and a beta of 1.
33. Moelis & Company Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, August 5th were given a dividend of $0.
60 per share. The ex-dividend date was Monday, August 5th. This represents a $2.
40 dividend on an annualized basis and a dividend yield of 3.37%. Moelis & Company’s payout ratio is currently -1,263.
16%. Wall Street Analysts Forecast Growth MC has been the subject of several research reports. JPMorgan Chase & Co.
boosted their target price on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, July 25th.
UBS Group increased their target price on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th.
Wells Fargo & Company began coverage on shares of Moelis & Company in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price objective on the stock.
Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $60.00 target price (up previously from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th.
Finally, Morgan Stanley raised their price objective on shares of Moelis & Company from $61.00 to $67.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd.
Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.
00. Read Our Latest Analysis on Moelis & Company Insider Activity at Moelis & Company In other news, Director Kenneth Shropshire sold 495 shares of Moelis & Company stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $69.
29, for a total transaction of $34,298.55. Following the sale, the director now directly owns 9,372 shares of the company’s stock, valued at approximately $649,385.
88. The trade was a 0.00 % 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 . In other Moelis & Company news, CFO Joseph Simon sold 6,723 shares of the firm’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $64.
00, for a total transaction of $430,272.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .
Also, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total transaction of $34,298.
55. Following the completion of the sale, the director now owns 9,372 shares in the company, valued at approximately $649,385.88.
This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here .
In the last three months, insiders sold 12,526 shares of company stock valued at $830,133. Corporate insiders own 6.40% of the company’s stock.
Moelis & Company Profile ( Free Report ) Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory. See Also Want to see what other hedge funds are holding MC? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Moelis & Company ( NYSE:MC – Free Report ). Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with MarketBeat.com's FREE daily email newsletter .
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