Natixis Advisors L.P. Has $8.22 Million Holdings in Moelis & Company (NYSE:MC)

Natixis Advisors L.P. raised its position in Moelis & Company (NYSE:MC) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 146,449 shares of the asset manager’s stock after acquiring an additional 23,426 shares during the quarter. Natixis Advisors L.P. owned approximately 0.21% of Moelis & Company worth $8,219,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of MC. Raymond James Financial Services Advisors Inc. boosted its position in Moelis & Company by 21.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 5,928 shares of the asset manager’s stock worth $268,000 after purchasing an additional 1,035 shares during the period. New York State Teachers Retirement System grew its stake in Moelis & Company by 20.1% in the 3rd quarter. New York State Teachers Retirement System now owns 21,024 shares of the asset manager’s stock valued at $949,000 after buying an additional 3,524 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Moelis & Company by 14.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,799 shares of the asset manager’s stock valued at $487,000 after acquiring an additional 1,394 shares during the period. Strs Ohio lifted its position in Moelis & Company by 28.6% during the third quarter. Strs Ohio now owns 3,600 shares of the asset manager’s stock worth $162,000 after acquiring an additional 800 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Moelis & Company by 6.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,484 shares of the asset manager’s stock worth $1,331,000 after acquiring an additional 1,741 shares during the period. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Ciafone Katherine Pilcher sold 4,798 shares of Moelis & Company stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $252,374.80. Following the sale, the chief operating officer now directly owns 3,666 shares of the company’s stock, valued at $192,831.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Ciafone Katherine Pilcher sold 4,798 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $252,374.80. Following the completion of the transaction, the chief operating officer now directly owns 3,666 shares in the company, valued at $192,831.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joseph Simon sold 8,573 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $54.13, for a total value of $464,056.49. The disclosure for this sale can be found here. Over the last three months, insiders have sold 374,145 shares of company stock valued at $20,074,491. 6.96% of the stock is currently owned by corporate insiders.

Moelis & Company Stock Up 1.7 %

NYSE:MC opened at $52.91 on Thursday. The stock’s 50-day simple moving average is $53.55 and its 200 day simple moving average is $52.04. The firm has a market capitalization of $3.96 billion, a PE ratio of -278.47 and a beta of 1.39. Moelis & Company has a twelve month low of $33.87 and a twelve month high of $58.67.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.11. The business had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. Moelis & Company had a negative return on equity of 0.12% and a negative net margin of 1.33%. Moelis & Company’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. On average, analysts anticipate that Moelis & Company will post 1.3 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, May 3rd. Moelis & Company’s payout ratio is -1,263.16%.

Analysts Set New Price Targets

Several analysts recently issued reports on MC shares. JPMorgan Chase & Co. boosted their price target on Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $54.00 price objective (down previously from $58.00) on shares of Moelis & Company in a research note on Thursday, April 25th. The Goldman Sachs Group raised shares of Moelis & Company from a “sell” rating to a “neutral” rating and raised their target price for the stock from $53.00 to $58.00 in a report on Wednesday, March 13th. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th. Finally, StockNews.com upgraded Moelis & Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, Moelis & Company has an average rating of “Hold” and a consensus target price of $50.80.

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.