Cubist Systematic Strategies LLC bought a new position in shares of Moelis & Company (NYSE:MC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,216 shares of the asset manager’s stock, valued at approximately $203,000.

Other institutional investors have also bought and sold shares of the company. Ffcm LLC purchased a new position in Moelis & during the second quarter worth about $112,000. BNP Paribas Arbitrage SA grew its position in Moelis & by 594.2% during the second quarter. BNP Paribas Arbitrage SA now owns 2,978 shares of the asset manager’s stock worth $116,000 after buying an additional 2,549 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Moelis & by 11.6% during the first quarter. Envestnet Asset Management Inc. now owns 3,030 shares of the asset manager’s stock worth $117,000 after buying an additional 315 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Moelis & during the second quarter worth about $130,000. Finally, Nisa Investment Advisors LLC purchased a new position in Moelis & during the second quarter worth about $144,000. Institutional investors and hedge funds own 90.80% of the company’s stock.

A number of research firms have recently issued reports on MC. Zacks Investment Research upgraded Moelis & from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Tuesday. UBS Group AG (USA) upped their price objective on Moelis & from $42.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, October 26th. Morgan Stanley upped their price objective on Moelis & from $45.00 to $49.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. JMP Securities upped their price objective on Moelis & from $44.00 to $47.00 and gave the stock a “market outperform” rating in a report on Thursday, October 26th. Finally, BidaskClub upgraded Moelis & from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.00.

In other news, Chairman Kenneth Moelis sold 40,800 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $42.66, for a total value of $1,740,528.00. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 80,956 shares of company stock worth $3,451,515 in the last 90 days. 52.64% of the stock is owned by corporate insiders.

Shares of Moelis & Company (MC) opened at $42.15 on Friday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.80 and a beta of 1.87.

Moelis & (NYSE:MC) last posted its quarterly earnings results on Wednesday, October 25th. The asset manager reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.15. Moelis & had a net margin of 9.62% and a return on equity of 56.83%. The firm had revenue of $170.00 million for the quarter, compared to the consensus estimate of $168.51 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. equities research analysts anticipate that Moelis & Company will post 2.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 6th will be paid a $0.37 dividend. The ex-dividend date is Friday, November 3rd. This represents a $1.48 annualized dividend and a dividend yield of 3.51%. Moelis &’s dividend payout ratio is presently 70.81%.

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Moelis & Company Profile

Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.

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Institutional Ownership by Quarter for Moelis & (NYSE:MC)

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