Integrated Quantitative Investments LLC Has $1.10 Million Stake in Moelis & Company $MC

Integrated Quantitative Investments LLC increased its stake in shares of Moelis & Company (NYSE:MC) by 21.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,633 shares of the asset manager’s stock after buying an additional 3,133 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in Moelis & Company were worth $1,099,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MC. Canton Hathaway LLC bought a new stake in shares of Moelis & Company during the 2nd quarter valued at $51,000. eCIO Inc. acquired a new position in Moelis & Company in the first quarter valued at about $50,000. New Age Alpha Advisors LLC bought a new stake in Moelis & Company during the first quarter worth about $107,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Moelis & Company during the first quarter worth about $124,000. Finally, Parkside Financial Bank & Trust grew its stake in Moelis & Company by 5,355.6% during the second quarter. Parkside Financial Bank & Trust now owns 2,946 shares of the asset manager’s stock worth $184,000 after buying an additional 2,892 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on MC shares. Morgan Stanley boosted their target price on shares of Moelis & Company from $74.00 to $90.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. BMO Capital Markets initiated coverage on shares of Moelis & Company in a research report on Friday, October 3rd. They set a “market perform” rating and a $74.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Moelis & Company in a research note on Thursday, October 9th. They set a “buy” rating and a $80.00 target price for the company. Seaport Res Ptn upgraded Moelis & Company from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, Keefe, Bruyette & Woods lowered their price target on Moelis & Company from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Moelis & Company has an average rating of “Hold” and a consensus price target of $71.57.

Insider Transactions at Moelis & Company

In related news, Director Kenneth Shropshire sold 2,615 shares of Moelis & Company stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $72.52, for a total transaction of $189,639.80. Following the sale, the director directly owned 7,109 shares in the company, valued at $515,544.68. This trade represents a 26.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.40% of the stock is currently owned by company insiders.

Moelis & Company Stock Up 0.5%

NYSE MC opened at $63.32 on Friday. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 21.18 and a beta of 1.80. Moelis & Company has a twelve month low of $47.00 and a twelve month high of $82.89. The business’s fifty day moving average is $68.99 and its 200 day moving average is $66.03.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The business had revenue of $356.89 million during the quarter, compared to analysts’ expectations of $336.14 million. Moelis & Company had a return on equity of 47.11% and a net margin of 15.98%.The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS. On average, research analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 10th will be issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, November 10th. Moelis & Company’s dividend payout ratio (DPR) is 86.96%.

Moelis & Company Profile

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.