Quantbot Technologies LP Sells 10,517 Shares of Moelis & Company (NYSE:MC)

Quantbot Technologies LP lowered its stake in shares of Moelis & Company (NYSE:MC) by 62.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,302 shares of the asset manager’s stock after selling 10,517 shares during the quarter. Quantbot Technologies LP’s holdings in Moelis & Company were worth $432,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC lifted its position in Moelis & Company by 0.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,190,221 shares of the asset manager’s stock valued at $408,836,000 after purchasing an additional 47,365 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Moelis & Company by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock valued at $63,229,000 after buying an additional 16,830 shares during the period. Natixis Advisors LLC boosted its stake in shares of Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock worth $55,141,000 after buying an additional 96,720 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Moelis & Company by 4.1% in 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 acquiring an additional 29,532 shares during the period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Moelis & Company in the third quarter worth $49,017,000. 91.53% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MC has been the topic of several research reports. UBS Group raised their target price 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 shares of Moelis & Company in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective on the stock. Finally, Morgan Stanley cut their target price on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.83.

Moelis & Company Trading Down 0.6 %

NYSE MC opened at $75.37 on Wednesday. Moelis & Company has a 12 month low of $46.24 and a 12 month high of $81.60. The stock has a market cap of $5.65 billion, a price-to-earnings ratio of 142.21 and a beta of 1.37. The company’s 50 day moving average is $71.39 and its two-hundred day moving average is $64.75.

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

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a $0.60 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.18%. 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.