Natixis Advisors LLC Purchases 96,720 Shares of Moelis & Company (NYSE:MC)

Natixis Advisors LLC lifted its position in Moelis & Company (NYSE:MC - Free Report) by 13.7% during the 3rd quarter, according to the company in its most recent Form 13F 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 period. Natixis Advisors LLC owned about 1.07% of Moelis & Company worth $55,141,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new position in Moelis & Company in the 3rd quarter worth approximately $49,017,000. Hsbc Holdings PLC raised its stake in shares of Moelis & Company by 40.7% in the second quarter. Hsbc Holdings PLC now owns 246,655 shares of the asset manager's stock worth $14,113,000 after purchasing an additional 71,372 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of Moelis & Company during the first quarter valued at $3,601,000. Envestnet Asset Management Inc. boosted its position in shares of Moelis & Company by 27.0% during the second quarter. Envestnet Asset Management Inc. now owns 293,529 shares of the asset manager's stock valued at $16,690,000 after buying an additional 62,444 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in Moelis & Company by 0.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,190,221 shares of the asset manager's stock worth $408,836,000 after buying an additional 47,365 shares in the last quarter. Institutional investors own 91.53% of the company's stock.

Moelis & Company Stock Down 2.1 %

MC traded down $1.64 during midday trading on Friday, reaching $74.69. The company had a trading volume of 664,339 shares, compared to its average volume of 755,296. The business has a 50-day moving average of $69.49 and a two-hundred day moving average of $62.86. Moelis & Company has a 1 year low of $44.06 and a 1 year high of $81.60. The company has a market cap of $5.60 billion, a P/E ratio of 140.92 and a beta of 1.33.

Moelis & Company (NYSE:MC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The business had revenue of $273.76 million during the quarter, compared to analyst estimates of $273.58 million. During the same period in the prior year, the business posted ($0.15) earnings per share. The company's revenue was up .6% on a year-over-year basis. On average, equities research 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%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MC. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $60.00 price target (up previously from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. Morgan Stanley cut their target price 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. JPMorgan Chase & Co. increased their price target 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 raised their price target on Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company started coverage on 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. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to MarketBeat, Moelis & Company presently has a consensus rating of "Hold" and an average target price 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.