Atria Investments Inc Increases Stock Position in Moelis & Company (NYSE:MC)

Atria Investments Inc boosted its position in Moelis & Company (NYSE:MC) by 4.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,197 shares of the asset manager’s stock after buying 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 made changes to their positions in the company. Trust Point Inc. raised its stake in shares of 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 buying an additional 147 shares in the last quarter. SkyView Investment Advisors LLC lifted its holdings in Moelis & Company by 1.4% in the second quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock valued at $788,000 after acquiring an additional 188 shares during the period. Bank of Montreal Can lifted its holdings in Moelis & Company by 2.7% in the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock valued at $409,000 after acquiring an additional 192 shares during the period. UMB Bank n.a. lifted its holdings in Moelis & Company by 63.5% in the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 193 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Moelis & Company by 3.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,390 shares of the asset manager’s stock valued at $363,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Analyst Upgrades and Downgrades

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

Moelis & Company Price Performance

MC opened at $74.69 on Friday. The stock 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 moving average of $69.49 and a two-hundred day moving average of $62.77. Moelis & Company has a 12 month low of $44.06 and a 12 month high of $81.60.

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 business had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The company’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.15) EPS. Equities research analysts anticipate that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Announces Dividend

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