Moelis & Company (NYSE:MC) Holdings Boosted by Winslow Asset Management Inc.

Winslow Asset Management Inc. raised its stake in Moelis & Company (NYSE:MC) by 0.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,179 shares of the asset manager’s stock after acquiring an additional 1,361 shares during the period. Moelis & Company accounts for about 2.2% of Winslow Asset Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Winslow Asset Management Inc. owned about 0.23% of Moelis & Company worth $12,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Moelis & Company by 0.7% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,190,221 shares of the asset manager’s stock worth $408,836,000 after acquiring an additional 47,365 shares during the period. Lord Abbett & CO. LLC raised its holdings in shares of Moelis & Company by 5.2% during the first quarter. Lord Abbett & CO. LLC now owns 1,118,245 shares of the asset manager’s stock valued at $63,483,000 after buying an additional 55,402 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Moelis & Company by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 755,541 shares of the asset manager’s stock worth $42,960,000 after buying an additional 29,532 shares during the period. Assenagon Asset Management S.A. bought a new position in Moelis & Company in the 3rd quarter worth approximately $49,017,000. Finally, Natixis Advisors LLC increased its position in Moelis & Company by 179.2% in the 2nd quarter. Natixis Advisors LLC now owns 708,140 shares of the asset manager’s stock valued at $40,265,000 after acquiring an additional 454,478 shares during the period. 91.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 target price (up previously from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. Wells Fargo & Company started coverage on shares of Moelis & Company in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective for the company. Morgan Stanley dropped their target price on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. increased their price target on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, UBS Group boosted their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.83.

Moelis & Company Trading Up 1.3 %

Shares of MC stock opened at $77.98 on Tuesday. Moelis & Company has a 1-year low of $41.18 and a 1-year high of $81.60. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of 147.13 and a beta of 1.33. The stock’s fifty day simple moving average is $68.58 and its 200-day simple moving average is $62.22.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.15) EPS. On average, sell-side analysts predict that Moelis & Company will post 0.97 EPS for the current year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.08%. Moelis & Company’s payout ratio is 452.83%.

Moelis & 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.