Moelis & Company $MC Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its holdings in shares of Moelis & Company (NYSE:MC) by 17.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 918,876 shares of the asset manager’s stock after purchasing an additional 135,450 shares during the period. Natixis Advisors LLC owned approximately 1.17% of Moelis & Company worth $65,534,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in MC. Impact Capital Partners LLC increased its position in Moelis & Company by 1.2% during the 3rd quarter. Impact Capital Partners LLC now owns 12,000 shares of the asset manager’s stock valued at $856,000 after buying an additional 147 shares in the last quarter. Moran Wealth Management LLC boosted its holdings in Moelis & Company by 0.4% in the third quarter. Moran Wealth Management LLC now owns 37,988 shares of the asset manager’s stock worth $2,709,000 after acquiring an additional 156 shares in the last quarter. Private Trust Co. NA boosted its holdings in Moelis & Company by 44.0% in the third quarter. Private Trust Co. NA now owns 599 shares of the asset manager’s stock worth $43,000 after acquiring an additional 183 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Moelis & Company by 89.8% during the third quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock worth $28,000 after acquiring an additional 184 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Moelis & Company by 0.3% during the second quarter. California State Teachers Retirement System now owns 69,155 shares of the asset manager’s stock worth $4,310,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Stock Down 3.5%

MC stock opened at $56.16 on Monday. Moelis & Company has a 52-week low of $47.00 and a 52-week high of $78.22. The firm has a market cap of $4.40 billion, a P/E ratio of 19.10, a PEG ratio of 0.60 and a beta of 1.90. The company’s 50-day simple moving average is $69.37 and its 200-day simple moving average is $68.89.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 4th. The asset manager reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.37. Moelis & Company had a return on equity of 41.67% and a net margin of 15.36%.The firm had revenue of $487.94 million during the quarter, compared to analyst estimates of $430.17 million. During the same quarter in the previous year, the business earned $1.18 EPS. Moelis & Company’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, February 17th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, February 17th. Moelis & Company’s payout ratio is presently 88.44%.

Insiders Place Their Bets

In other Moelis & Company news, General Counsel Osamu R. Watanabe sold 2,765 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $62.23, for a total transaction of $172,065.95. Following the transaction, the general counsel directly owned 4,981 shares of the company’s stock, valued at $309,967.63. This trade represents a 35.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on MC shares. JPMorgan Chase & Co. boosted their target price on shares of Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. UBS Group lifted their price objective on shares of Moelis & Company from $70.00 to $74.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Moelis & Company in a report on Monday, December 29th. Bank of America initiated coverage on Moelis & Company in a research report on Monday, January 26th. They issued a “neutral” rating and a $81.00 target price on the stock. Finally, Morgan Stanley raised their target price on Moelis & Company from $89.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $76.33.

Moelis & Company Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.