SG Americas Securities LLC Has $2.07 Million Stake in Moelis & Company $MC

Key Points

• SG Americas Securities LLC increased its stake in Moelis & Company by 312.5% in Q4 to 30,145 shares, valued at approximately $2.07 million.
• Moelis beat Q4 expectations, reporting $1.13 EPS versus $0.76 expected and revenue of $487.9 million (vs. $430.2 million), with revenue up 11.2% year-over-year.
• The firm recently declared a $0.65 quarterly dividend (annualized $2.60) yielding about 4.6% but with a high payout ratio of 88.44%; analysts' consensus is a "Hold" with an average price target of $74.56.

SG Americas Securities LLC increased its stake in shares of Moelis & Company (NYSE:MC - Free Report) by 312.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,145 shares of the asset manager's stock after purchasing an additional 22,838 shares during the quarter. SG Americas Securities LLC's holdings in Moelis & Company were worth $2,072,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Impact Capital Partners LLC boosted its position in Moelis & Company by 1.2% in the 3rd quarter. Impact Capital Partners LLC now owns 12,000 shares of the asset manager's stock valued at $856,000 after buying an additional 147 shares during the last quarter. Moran Wealth Management LLC raised its position in shares of Moelis & Company by 0.4% during the third quarter. Moran Wealth Management LLC now owns 37,988 shares of the asset manager's stock worth $2,709,000 after acquiring an additional 156 shares during the last quarter. Private Trust Co. NA raised its position in shares of Moelis & Company by 44.0% during the third quarter. Private Trust Co. NA now owns 599 shares of the asset manager's stock worth $43,000 after acquiring an additional 183 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Moelis & Company by 89.8% during the third quarter. Bessemer Group Inc. now owns 389 shares of the asset manager's stock valued at $28,000 after acquiring an additional 184 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in Moelis & Company by 0.3% in the second quarter. California State Teachers Retirement System now owns 69,155 shares of the asset manager's stock valued at $4,310,000 after acquiring an additional 209 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company's stock.

Moelis & Company Trading Down 0.1%

Moelis & Company stock opened at $56.21 on Friday. The firm has a market capitalization of $4.36 billion, a P/E ratio of 19.12, a PEG ratio of 0.60 and a beta of 1.87. The business has a 50-day moving average of $61.49 and a 200-day moving average of $66.39. Moelis & Company has a 1 year low of $47.00 and a 1 year high of $78.22.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings data on Wednesday, February 4th. The asset manager reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.37. The business had revenue of $487.94 million for the quarter, compared to analyst estimates of $430.17 million. Moelis & Company had a net margin of 15.36% and a return on equity of 41.67%. Moelis & Company's quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.18 EPS. Research analysts anticipate that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Tuesday, February 17th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, February 17th. Moelis & Company's dividend payout ratio (DPR) is currently 88.44%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley lifted their price objective on Moelis & Company from $89.00 to $90.00 and gave the stock an "overweight" rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Moelis & Company in a research note on Monday, December 29th. UBS Group dropped their price target on shares of Moelis & Company from $74.00 to $59.00 and set a "neutral" rating for the company in a research note on Thursday, March 12th. Keefe, Bruyette & Woods lowered shares of Moelis & Company from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $78.00 to $80.00 in a report on Tuesday, December 16th. Finally, Bank of America initiated coverage on shares of Moelis & Company in a research note on Monday, January 26th. They issued a "neutral" rating and a $81.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $74.56.

Insider Activity

In other news, General Counsel Osamu R. Watanabe sold 2,765 shares of the business's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $62.23, for a total value of $172,065.95. Following the completion of the transaction, the general counsel owned 4,981 shares of the company's stock, valued at $309,967.63. The trade was a 35.70% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.40% of the stock is owned by company insiders.

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.

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