SG Americas Securities LLC lessened its stake in Moelis & Co (NYSE:MC) by 36.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,118 shares of the asset manager’s stock after selling 8,135 shares during the quarter. SG Americas Securities LLC’s holdings in Moelis & Co were worth $685,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisor Group Inc. acquired a new stake in shares of Moelis & Co in the 3rd quarter valued at approximately $138,000. Great West Life Assurance Co. Can boosted its holdings in shares of Moelis & Co by 69.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 3,523 shares of the asset manager’s stock valued at $152,000 after buying an additional 1,442 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Moelis & Co in the 3rd quarter valued at approximately $204,000. Macquarie Group Ltd. acquired a new stake in shares of Moelis & Co in the 3rd quarter valued at approximately $220,000. Finally, Meeder Asset Management Inc. boosted its holdings in shares of Moelis & Co by 54.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,169 shares of the asset manager’s stock valued at $223,000 after buying an additional 1,815 shares during the last quarter. 58.69% of the stock is owned by institutional investors.
Several equities research analysts have recently commented on the company. Morgan Stanley increased their price objective on Moelis & Co from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Zacks Investment Research raised Moelis & Co from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Tuesday, February 13th. Bank of America raised their price target on Moelis & Co from $53.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, ValuEngine raised Moelis & Co from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $50.67.
Moelis & Co (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. Moelis & Co had a return on equity of 48.98% and a net margin of 4.29%. The business had revenue of $169.17 million during the quarter, compared to the consensus estimate of $160.22 million. During the same quarter last year, the firm posted $0.66 EPS. The company’s quarterly revenue was down 17.3% on a year-over-year basis. equities research analysts predict that Moelis & Co will post 2.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.47 per share. This is an increase from Moelis & Co’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.88 annualized dividend and a yield of 3.56%. Moelis & Co’s dividend payout ratio (DPR) is currently 237.98%.
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About Moelis & Co
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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