Natixis Advisors LLC Decreases Stake in Moelis & Company (NYSE:MC)

Natixis Advisors LLC lowered its holdings in Moelis & Company (NYSE:MC) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 594,467 shares of the asset manager’s stock after selling 210,393 shares during the quarter. Natixis Advisors LLC owned 0.79% of Moelis & Company worth $43,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Arizona State Retirement System raised its stake in shares of Moelis & Company by 0.8% in the fourth quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager’s stock worth $1,509,000 after purchasing an additional 163 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Moelis & Company by 1.3% in the third quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock worth $946,000 after purchasing an additional 172 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Moelis & Company by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock worth $87,000 after acquiring an additional 180 shares during the period. Choreo LLC grew its holdings in shares of Moelis & Company by 4.0% in the fourth quarter. Choreo LLC now owns 4,831 shares of the asset manager’s stock worth $358,000 after acquiring an additional 187 shares during the period. Finally, Heritage Family Offices LLP grew its holdings in shares of Moelis & Company by 5.0% in the fourth quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager’s stock worth $330,000 after acquiring an additional 213 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Insider Transactions at Moelis & Company

In related news, insider Christopher Callesano sold 1,282 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $94,868.00. Following the sale, the insider now directly owns 1,227 shares in the company, valued at approximately $90,798. The trade was a 51.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kenneth Moelis sold 9,712 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $718,688.00. Following the completion of the sale, the chief executive officer now owns 209,235 shares in the company, valued at $15,483,390. This represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,721 shares of company stock valued at $1,677,017 over the last 90 days. Company insiders own 6.40% of the company’s stock.

Moelis & Company Stock Up 1.8 %

NYSE MC opened at $59.61 on Monday. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of 33.87 and a beta of 1.43. The business has a 50-day moving average price of $72.87 and a 200-day moving average price of $71.78. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. Research analysts expect that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be paid a $0.65 dividend. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. The ex-dividend date is Tuesday, February 18th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.36%. Moelis & Company’s dividend payout ratio is 147.73%.

Analyst Ratings Changes

MC has been the subject of several research analyst reports. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a report on Thursday, February 6th. The Goldman Sachs Group cut their price objective on Moelis & Company from $86.00 to $75.00 and set a “neutral” rating for the company in a report on Friday. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $92.00 price objective (up previously from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Wells Fargo & Company lifted their price objective on Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Finally, StockNews.com lowered Moelis & Company from a “buy” rating to a “hold” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $71.83.

About Moelis & Company

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.