Bamco Inc. NY Has $36.12 Million Stock Holdings in Moelis & Company (NYSE:MC)

Bamco Inc. NY trimmed its position in shares of Moelis & Company (NYSE:MC - Free Report) by 3.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 527,186 shares of the asset manager's stock after selling 20,561 shares during the quarter. Bamco Inc. NY owned 0.70% of Moelis & Company worth $36,118,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. purchased a new position in shares of Moelis & Company in the 3rd quarter valued at about $49,017,000. Natixis Advisors LLC lifted 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 buying an additional 454,478 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Moelis & Company by 322.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 98,000 shares of the asset manager's stock valued at $6,714,000 after acquiring an additional 74,800 shares during the period. Hsbc Holdings PLC grew its position in shares of Moelis & Company by 40.7% during the second quarter. Hsbc Holdings PLC now owns 246,655 shares of the asset manager's stock worth $14,113,000 after acquiring an additional 71,372 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Moelis & Company by 27.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 293,529 shares of the asset manager's stock valued at $16,690,000 after purchasing an additional 62,444 shares during the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on MC shares. Morgan Stanley cut their price objective on shares of Moelis & Company from $67.00 to $66.00 and set an "underweight" rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company started coverage on Moelis & Company in a research note on Thursday, September 12th. They issued an "equal weight" rating and a $70.00 price objective for the company. Finally, UBS Group boosted their target price on Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $60.83.

Moelis & Company Price Performance

Shares of NYSE MC traded down $0.13 during mid-day trading on Tuesday, reaching $75.68. 162,207 shares of the company traded hands, compared to its average volume of 628,745. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $81.60. The firm has a market cap of $5.67 billion, a PE ratio of 143.04 and a beta of 1.37. The stock has a fifty day simple moving average of $71.29 and a 200-day simple moving average of $64.62.

Moelis & Company (NYSE:MC - Get Free Report) last released its earnings results 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 company had revenue of $273.76 million during the quarter, compared to the consensus estimate 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 was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.15) EPS. As a group, analysts predict that Moelis & Company will post 0.96 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were issued a dividend of $0.60 per share. The ex-dividend date was Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.17%. Moelis & Company's dividend payout ratio (DPR) is presently 452.83%.

Moelis & Company 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.