Moelis & Company $MC Holdings Raised by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in Moelis & Company (NYSE:MC) by 58.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,620 shares of the asset manager’s stock after purchasing an additional 18,391 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of Moelis & Company worth $2,828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Moelis & Company during the fourth quarter valued at approximately $27,000. Hantz Financial Services Inc. grew its position in Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after purchasing an additional 163 shares in the last quarter. Allworth Financial LP raised its stake in Moelis & Company by 153.9% during the 3rd quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 254 shares during the period. eCIO Inc. acquired a new stake in Moelis & Company during the 4th quarter valued at $33,000. Finally, Quarry LP raised its stake in Moelis & Company by 1,811.1% during the 3rd quarter. Quarry LP now owns 516 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 489 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Stock Performance

Shares of NYSE MC opened at $69.81 on Wednesday. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 0.86 and a beta of 1.85. The business has a 50 day simple moving average of $66.64 and a 200 day simple moving average of $65.89. Moelis & Company has a 52 week low of $51.06 and a 52 week high of $78.22.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). The business had revenue of $319.78 million for the quarter, compared to the consensus estimate of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. Moelis & Company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. On average, analysts predict that Moelis & Company will post 3.17 EPS for the current year.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, May 11th were issued a $0.65 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a yield of 3.7%. Moelis & Company’s dividend payout ratio is currently 93.53%.

Analysts Set New Price Targets

Several research firms recently weighed in on MC. Weiss Ratings lowered Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. UBS Group decreased their price objective on Moelis & Company from $59.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, April 8th. Morgan Stanley lowered their target price on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Zacks Research downgraded Moelis & Company from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen cut shares of Moelis & Company from a “hold” rating to a “sell” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.89.

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. 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.