Moelis & Company (NYSE:MC) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its stake in shares of Moelis & Company (NYSE:MC) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,197 shares of the asset manager’s stock after purchasing an additional 1,107 shares during the period. Atria Investments Inc’s holdings in Moelis & Company were worth $1,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Trust Point Inc. lifted its position in Moelis & Company by 0.8% during the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock worth $1,300,000 after acquiring an additional 147 shares in the last quarter. SkyView Investment Advisors LLC lifted its position in Moelis & Company by 1.4% during the 2nd quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock worth $788,000 after acquiring an additional 188 shares in the last quarter. Bank of Montreal Can lifted its position in Moelis & Company by 2.7% during the 2nd quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock worth $409,000 after acquiring an additional 192 shares in the last quarter. UMB Bank n.a. lifted its position in Moelis & Company by 63.5% during the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after acquiring an additional 193 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Moelis & Company by 3.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,390 shares of the asset manager’s stock worth $363,000 after acquiring an additional 193 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on MC. UBS Group boosted their price target on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Wells Fargo & Company began coverage on 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. JPMorgan Chase & Co. upped their target price on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $60.00 target price (up from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. Finally, Morgan Stanley cut their target price on 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 assigned a hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $60.83.

Moelis & Company Trading Down 2.1 %

Shares of NYSE MC opened at $74.69 on Friday. Moelis & Company has a twelve month low of $44.06 and a twelve month high of $81.60. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 140.92 and a beta of 1.33. The business has a 50 day simple moving average of $69.49 and a 200-day simple moving average of $62.77.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The business had revenue of $273.76 million during the quarter, compared to the consensus estimate of $273.58 million. During the same period in the previous year, the business earned ($0.15) EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts predict that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.21%. Moelis & Company’s dividend payout ratio (DPR) is 452.83%.

About Moelis & Company

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.