Natixis Advisors LLC Increases Stake in Moelis & Company (NYSE:MC)

Natixis Advisors LLC lifted its stake in Moelis & Company (NYSE:MC) by 13.7% during the 3rd quarter, according to its most recent disclosure 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’s holdings in Moelis & Company were worth $55,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MC. Swiss National Bank lifted its stake in Moelis & Company by 0.3% in the 1st quarter. Swiss National Bank now owns 131,600 shares of the asset manager’s stock worth $7,471,000 after purchasing an additional 400 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Moelis & Company by 7.4% in the first quarter. ProShare Advisors LLC now owns 13,469 shares of the asset manager’s stock worth $765,000 after buying an additional 926 shares in the last quarter. Entropy Technologies LP boosted its stake in Moelis & Company by 7.8% during the first quarter. Entropy Technologies LP now owns 5,492 shares of the asset manager’s stock valued at $312,000 after buying an additional 397 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in Moelis & Company during the 1st quarter valued at approximately $3,601,000. Finally, Edgestream Partners L.P. bought a new stake in Moelis & Company in the 1st quarter worth approximately $719,000. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Trading Down 2.1 %

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

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $273.76 million during the quarter, compared to analyst estimates of $273.58 million. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.15) earnings per share. Sell-side analysts forecast that Moelis & Company will post 0.96 EPS for the current year.

Moelis & Company Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on MC. UBS Group increased their target price on 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 began coverage on shares of Moelis & Company in a research report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price objective for the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $60.00 target price (up from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. Morgan Stanley lowered their price target on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $60.83.

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.