Natixis Advisors LLC Grows Position in Moelis & Company (NYSE:MC)

Natixis Advisors LLC increased its holdings in Moelis & Company (NYSE:MC) by 13.7% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 804,860 shares of the asset manager’s stock after buying an additional 96,720 shares during the quarter. Natixis Advisors LLC owned about 1.07% of Moelis & Company worth $55,141,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. UniSuper Management Pty Ltd bought a new stake in shares of Moelis & Company in the first quarter worth approximately $801,000. Wealth Enhancement Advisory Services LLC grew its position in Moelis & Company by 51.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 135,399 shares of the asset manager’s stock worth $7,699,000 after purchasing an additional 46,226 shares during the period. Sei Investments Co. raised its stake in Moelis & Company by 18.2% during the 2nd quarter. Sei Investments Co. now owns 305,871 shares of the asset manager’s stock valued at $17,392,000 after buying an additional 47,176 shares during the last quarter. XTX Topco Ltd raised its stake in Moelis & Company by 274.4% during the 2nd quarter. XTX Topco Ltd now owns 16,524 shares of the asset manager’s stock valued at $940,000 after buying an additional 12,110 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Moelis & Company in the 2nd quarter worth $554,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MC shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 price objective (up previously from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. UBS Group upped their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Wells Fargo & Company initiated coverage on shares of Moelis & Company in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley decreased their price target on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Moelis & Company currently has an average rating of “Hold” and a consensus target price of $60.83.

Moelis & Company Trading Down 2.1 %

Moelis & Company stock opened at $74.69 on Friday. Moelis & Company has a 12-month low of $44.06 and a 12-month high of $81.60. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 140.92 and a beta of 1.33. The firm has a 50 day moving average of $69.49 and a 200 day moving average of $62.86.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $273.76 million during the quarter, compared to analysts’ expectations of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.15) earnings per share. On average, analysts predict that Moelis & Company will post 0.96 EPS for the current year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.21%. Moelis & Company’s dividend payout ratio is presently 452.83%.

Moelis & Company Profile

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.