Curated Wealth Partners LLC Boosts Stake in Moelis & Company (NYSE:MC)

Curated Wealth Partners LLC raised its position in Moelis & Company (NYSE:MC) by 3.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,906 shares of the asset manager’s stock after purchasing an additional 304 shares during the quarter. Curated Wealth Partners LLC’s holdings in Moelis & Company were worth $520,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC boosted 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 worth $30,000 after buying an additional 137 shares during the period. Headlands Technologies LLC acquired a new position in Moelis & Company during the 4th quarter worth about $31,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Moelis & Company by 1,551.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 644 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 605 shares during the period. Versant Capital Management Inc grew 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 position in Moelis & Company in the 1st quarter valued at about $59,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of Moelis & Company from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group upped their target price on shares of Moelis & Company from $56.00 to $63.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. Wells Fargo & Company reduced their target price on shares of Moelis & Company from $55.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut shares of Moelis & Company from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $59.83.

Moelis & Company Stock Performance

MC stock opened at $58.52 on Tuesday. The company’s 50 day moving average price is $54.88 and its 200 day moving average price is $65.85. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 33.25 and a beta of 1.64. Moelis & Company has a fifty-two week low of $47.00 and a fifty-two week high of $82.89.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, April 23rd. The asset manager reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The company had revenue of $306.59 million for the quarter, compared to the consensus estimate of $309.67 million. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. The company’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 EPS. Equities analysts forecast that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Monday, May 5th will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Monday, May 5th. Moelis & Company’s dividend payout ratio (DPR) is presently 119.27%.

Moelis & Company 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.