AlphaQuest LLC increased its holdings in shares of Moelis & Company (NYSE:MC - Free Report) by 3,768.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,071 shares of the asset manager's stock after acquiring an additional 31,242 shares during the period. AlphaQuest LLC's holdings in Moelis & Company were worth $1,872,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Peak Financial Advisors LLC grew its holdings in Moelis & Company by 2.4% during the 1st quarter. Peak Financial Advisors LLC now owns 8,567 shares of the asset manager's stock worth $500,000 after acquiring an additional 204 shares during the last quarter. Palisades Investment Partners LLC grew its holdings in Moelis & Company by 0.3% during the 1st quarter. Palisades Investment Partners LLC now owns 76,730 shares of the asset manager's stock worth $4,478,000 after acquiring an additional 204 shares during the last quarter. Choreo LLC grew its holdings in Moelis & Company by 5.1% during the 1st quarter. Choreo LLC now owns 5,075 shares of the asset manager's stock worth $296,000 after acquiring an additional 244 shares during the last quarter. Xponance Inc. grew its holdings in Moelis & Company by 5.8% during the 1st quarter. Xponance Inc. now owns 5,373 shares of the asset manager's stock worth $314,000 after acquiring an additional 294 shares during the last quarter. Finally, Curated Wealth Partners LLC grew its holdings in Moelis & Company by 3.5% during the 1st quarter. Curated Wealth Partners LLC now owns 8,906 shares of the asset manager's stock worth $520,000 after acquiring an additional 304 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Moelis & Company news, General Counsel Osamu R. Watanabe sold 6,340 shares of Moelis & Company stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $72.64, for a total value of $460,537.60. Following the sale, the general counsel owned 131 shares of the company's stock, valued at $9,515.84. This trade represents a 97.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 6.40% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the stock. Morgan Stanley raised shares of Moelis & Company from an "underweight" rating to an "overweight" rating and increased their price objective for the stock from $42.00 to $68.00 in a report on Monday, June 23rd. Wells Fargo & Company increased their price objective on shares of Moelis & Company from $50.00 to $64.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. The Goldman Sachs Group increased their price objective on shares of Moelis & Company from $56.00 to $63.00 and gave the stock a "neutral" rating in a report on Thursday, May 15th. Zacks Research raised Moelis & Company from a "hold" rating to a "strong-buy" rating in a report on Monday, August 18th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Moelis & Company from $69.00 to $89.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $66.00.
Get Our Latest Report on Moelis & Company
Moelis & Company Stock Performance
NYSE:MC traded up $1.82 on Tuesday, reaching $73.81. The company's stock had a trading volume of 721,921 shares, compared to its average volume of 925,890. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89. The firm has a market cap of $5.79 billion, a PE ratio of 29.06 and a beta of 1.70. The business's 50-day moving average price is $67.97 and its two-hundred day moving average price is $62.53.
Moelis & Company (NYSE:MC - Get Free Report) last posted its earnings results on Thursday, July 24th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.21. Moelis & Company had a return on equity of 42.72% and a net margin of 14.31%.The firm had revenue of $365.38 million during the quarter, compared to analysts' expectations of $269.57 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The company's revenue was up 38.1% on a year-over-year basis. As a group, sell-side analysts expect that Moelis & Company will post 2.97 EPS for the current year.
Moelis & Company Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 18th. Shareholders of record on Monday, August 4th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 4th. Moelis & Company's payout ratio is presently 102.36%.
About Moelis & Company
(
Free Report)
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.
Featured Stories
Before you consider Moelis & Company, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Moelis & Company wasn't on the list.
While Moelis & Company currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access