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

Natixis Advisors L.P. boosted its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 19.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 146,449 shares of the asset manager's stock after purchasing an additional 23,426 shares during the period. Natixis Advisors L.P. owned approximately 0.21% of Moelis & Company worth $8,219,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Mendota Financial Group LLC purchased a new stake in shares of Moelis & Company in the fourth quarter valued at about $34,000. GAMMA Investing LLC purchased a new position in shares of Moelis & Company during the 4th quarter worth approximately $34,000. Neo Ivy Capital Management acquired a new stake in shares of Moelis & Company in the 3rd quarter valued at approximately $99,000. Strs Ohio boosted its stake in shares of Moelis & Company by 28.6% in the third quarter. Strs Ohio now owns 3,600 shares of the asset manager's stock valued at $162,000 after buying an additional 800 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in Moelis & Company during the third quarter worth $174,000. Institutional investors and hedge funds own 91.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MC. Keefe, Bruyette & Woods restated a "market perform" rating and set a $54.00 target price (down from $58.00) on shares of Moelis & Company in a research report on Thursday, April 25th. The Goldman Sachs Group upgraded shares of Moelis & Company from a "sell" rating to a "neutral" rating and lifted their price target for the company from $53.00 to $58.00 in a research report on Wednesday, March 13th. UBS Group upped their price target on Moelis & Company from $45.00 to $47.00 and gave the stock a "sell" rating in a report on Thursday, April 25th. StockNews.com raised Moelis & Company from a "sell" rating to a "hold" rating in a research note on Thursday, February 8th. Finally, JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a research report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $50.80.

Insider Buying and Selling at Moelis & Company

In other news, COO Ciafone Katherine Pilcher sold 4,798 shares of Moelis & Company stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $252,374.80. Following the sale, the chief operating officer now owns 3,666 shares in the company, valued at $192,831.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Joseph Simon sold 10,720 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $54.70, for a total transaction of $586,384.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Ciafone Katherine Pilcher sold 4,798 shares of the company's stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $252,374.80. Following the completion of the sale, the chief operating officer now directly owns 3,666 shares in the company, valued at $192,831.60. The disclosure for this sale can be found here. Insiders sold 374,145 shares of company stock valued at $20,074,491 over the last 90 days. 6.96% of the stock is owned by corporate insiders.

Moelis & Company Stock Performance

Shares of NYSE:MC traded up $1.21 during trading on Thursday, reaching $54.14. 536,335 shares of the stock were exchanged, compared to its average volume of 637,885. The firm's 50-day moving average price is $53.56 and its 200 day moving average price is $52.06. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of -284.95 and a beta of 1.39. Moelis & Company has a 12-month low of $33.87 and a 12-month high of $58.67.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. The company had revenue of $217.49 million during the quarter, compared to the consensus estimate of $219.30 million. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.12%. Moelis & Company's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. As a group, equities research analysts forecast that Moelis & Company will post 1.3 EPS for the current year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 6th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Friday, May 3rd. Moelis & Company's dividend payout ratio is presently -1,263.16%.

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.