SG Americas Securities LLC Takes Position in Moelis & Company (NYSE:MC)

SG Americas Securities LLC bought a new position in shares of Moelis & Company (NYSE:MC - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,603 shares of the asset manager's stock, valued at approximately $1,086,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Curated Wealth Partners LLC boosted its position in shares of Moelis & Company by 3.5% in the first quarter. Curated Wealth Partners LLC now owns 8,906 shares of the asset manager's stock valued at $520,000 after acquiring an additional 304 shares during the period. GAMMA Investing LLC boosted its position in shares of Moelis & Company by 38.9% in the first quarter. GAMMA Investing LLC now owns 1,632 shares of the asset manager's stock valued at $95,000 after acquiring an additional 457 shares during the period. Blue Zone Wealth Advisors LLC boosted its position in shares of Moelis & Company by 13.8% in the first quarter. Blue Zone Wealth Advisors LLC now owns 66,893 shares of the asset manager's stock valued at $3,904,000 after acquiring an additional 8,107 shares during the period. Impact Capital Partners LLC boosted its position in shares of Moelis & Company by 10.5% in the first quarter. Impact Capital Partners LLC now owns 12,257 shares of the asset manager's stock valued at $715,000 after acquiring an additional 1,160 shares during the period. Finally, Portside Wealth Group LLC bought a new stake in shares of Moelis & Company in the first quarter valued at approximately $165,000. Institutional investors own 91.53% of the company's stock.

Moelis & Company Stock Up 0.2%

Moelis & Company stock traded up $0.10 during mid-day trading on Friday, hitting $56.61. 2,143,494 shares of the company were exchanged, compared to its average volume of 795,806. The business has a fifty day moving average of $55.92 and a 200 day moving average of $64.71. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89. The company has a market capitalization of $4.44 billion, a PE ratio of 25.97 and a beta of 1.64.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.07. Moelis & Company had a return on equity of 40.89% and a net margin of 13.22%. The firm had revenue of $306.59 million during the quarter, compared to analyst estimates of $309.67 million. During the same period in the prior year, the company posted $0.22 earnings per share. The business's revenue for the quarter was up 41.0% compared to the same quarter last year. Research analysts expect that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, May 5th were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Monday, May 5th. This represents a $2.60 annualized dividend and a yield of 4.59%. Moelis & Company's dividend payout ratio is currently 119.27%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MC. Wells Fargo & Company reduced their price objective on Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group upped their target price on Moelis & Company from $56.00 to $63.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. JPMorgan Chase & Co. cut their target price on Moelis & Company from $55.00 to $52.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. Morgan Stanley cut their target price on Moelis & Company from $70.00 to $42.00 and set an "underweight" rating for the company in a research note on Monday, April 7th. Finally, Wall Street Zen lowered Moelis & Company from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $59.83.

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.