Jacobs Levy Equity Management Inc. Makes New $6.97 Million Investment in Moelis & Company (NYSE:MC)

Jacobs Levy Equity Management Inc. purchased a new stake in shares of Moelis & Company (NYSE:MC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 101,741 shares of the asset manager's stock, valued at approximately $6,970,000. Jacobs Levy Equity Management Inc. owned about 0.14% of Moelis & Company as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its holdings in Moelis & Company by 7.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,766 shares of the asset manager's stock worth $2,031,000 after purchasing an additional 2,428 shares in the last quarter. SG Americas Securities LLC raised its holdings in Moelis & Company by 42.9% in the 2nd quarter. SG Americas Securities LLC now owns 6,007 shares of the asset manager's stock worth $342,000 after purchasing an additional 1,804 shares in the last quarter. Curated Wealth Partners LLC raised its holdings in Moelis & Company by 197.3% in the 2nd quarter. Curated Wealth Partners LLC now owns 8,987 shares of the asset manager's stock worth $511,000 after purchasing an additional 18,221 shares in the last quarter. Blue Zone Wealth Advisors LLC raised its holdings in Moelis & Company by 2.6% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 58,054 shares of the asset manager's stock worth $3,301,000 after purchasing an additional 1,459 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings 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 in the last quarter. 91.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MC. Wells Fargo & Company began coverage on shares of Moelis & Company in a research report on Thursday, September 12th. They issued an "equal weight" rating and a $70.00 target price on the stock. UBS Group upped their target price on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley reduced their target price 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 research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $60.83.

Moelis & Company Price Performance

MC stock traded up $0.43 during trading on Friday, hitting $75.68. 361,197 shares of the stock traded hands, compared to its average volume of 627,748. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $81.60. The firm's 50 day moving average is $71.64 and its two-hundred day moving average is $64.90. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 141.98 and a beta of 1.37.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $273.76 million for 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%. Moelis & Company's revenue for the quarter was up .6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.15) EPS. As a group, analysts anticipate that Moelis & Company will post 0.97 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, November 4th. 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.