SG Americas Securities LLC Makes New Investment in Moelis & Company (NYSE:MC)

SG Americas Securities LLC purchased a new stake in shares of Moelis & Company (NYSE:MC - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 18,603 shares of the asset manager's stock, valued at approximately $1,086,000.

Other institutional investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its position in shares of Moelis & Company by 52.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock valued at $30,000 after purchasing an additional 137 shares during the period. Headlands Technologies LLC acquired a new position in shares of Moelis & Company in the 4th quarter worth approximately $31,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Moelis & Company by 1,551.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 644 shares of the asset manager's stock worth $38,000 after purchasing an additional 605 shares during the last quarter. Versant Capital Management Inc increased its position in Moelis & Company by 1,460.8% in the 1st quarter. Versant Capital Management Inc now owns 796 shares of the asset manager's stock valued at $46,000 after acquiring an additional 745 shares in the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Moelis & Company in the first quarter valued at approximately $59,000. Institutional investors own 91.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MC shares. JMP Securities reissued a "market perform" rating on shares of Moelis & Company in a research report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price target on shares of 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 price objective on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a research report on Monday, April 7th. Wall Street Zen cut shares of Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Finally, Wells Fargo & Company lowered their price target on shares of Moelis & Company from $55.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $59.83.

Moelis & Company Stock Performance

Shares of NYSE MC traded up $0.48 during mid-day trading on Wednesday, reaching $56.55. The company had a trading volume of 461,939 shares, compared to its average volume of 788,669. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 25.94 and a beta of 1.64. The business's 50-day simple moving average is $55.64 and its 200 day simple moving average is $65.11. Moelis & Company has a one year low of $47.00 and a one year high of $82.89.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 EPS for the quarter, beating the consensus estimate of $0.57 by $0.07. The business had revenue of $306.59 million during the quarter, compared to the consensus estimate of $309.67 million. Moelis & Company had a net margin of 13.22% and a return on equity of 40.89%. The company's revenue was up 41.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.22 earnings per share. On average, sell-side analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, May 5th will be given a $0.65 dividend. The ex-dividend date is Monday, May 5th. This represents a $2.60 dividend on an annualized basis and a yield of 4.60%. Moelis & Company's dividend payout ratio is currently 119.27%.

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.