Moelis & Company $MC Shares Purchased by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Moelis & Company by 22.2% during the second quarter, owning 26,619 shares valued at approximately $1.66 million.
• Moelis & Company reported earnings of $0.53 per share for the last quarter, significantly exceeding the consensus estimate of $0.32.
• The company recently paid a quarterly dividend of $0.65 per share, translating to an annualized dividend of $2.60 and a yield of 4.1%.

Janney Montgomery Scott LLC increased its stake in shares of Moelis & Company (NYSE:MC - Free Report) by 22.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,619 shares of the asset manager's stock after purchasing an additional 4,828 shares during the period. Janney Montgomery Scott LLC's holdings in Moelis & Company were worth $1,659,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. eCIO Inc. purchased a new stake in Moelis & Company in the 1st quarter worth approximately $50,000. GAMMA Investing LLC grew its stake in Moelis & Company by 38.9% in the 1st quarter. GAMMA Investing LLC now owns 1,632 shares of the asset manager's stock worth $95,000 after acquiring an additional 457 shares during the period. New Age Alpha Advisors LLC purchased a new stake in Moelis & Company in the 1st quarter worth approximately $107,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Moelis & Company in the 1st quarter worth approximately $124,000. Finally, Petrus Trust Company LTA purchased a new stake in Moelis & Company in the 1st quarter worth approximately $221,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Moelis & Company

In related news, General Counsel Osamu R. Watanabe sold 6,340 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $72.64, for a total transaction of $460,537.60. Following the completion of the sale, the general counsel owned 131 shares of the company's stock, valued at $9,515.84. This represents a 97.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth Shropshire sold 2,615 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $72.52, for a total transaction of $189,639.80. Following the sale, the director directly owned 7,109 shares of the company's stock, valued at approximately $515,544.68. This represents a 26.89% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

Moelis & Company Stock Down 4.0%

Shares of Moelis & Company stock opened at $63.03 on Friday. The firm has a market cap of $4.95 billion, a P/E ratio of 24.82 and a beta of 1.77. Moelis & Company has a fifty-two week low of $47.00 and a fifty-two week high of $82.89. The business has a 50-day moving average price of $71.65 and a 200 day moving average price of $63.64.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The asset manager reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.21. The firm had revenue of $365.38 million during the quarter, compared to analyst estimates of $269.57 million. Moelis & Company had a return on equity of 42.72% and a net margin of 14.31%.Moelis & Company's quarterly revenue was up 38.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, equities research analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Monday, August 4th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 4th. Moelis & Company's dividend payout ratio is currently 102.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MC. Weiss Ratings reissued a "hold (c)" rating on shares of Moelis & Company in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price objective on shares of Moelis & Company from $69.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Morgan Stanley boosted their price objective on shares of Moelis & Company from $74.00 to $90.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. BMO Capital Markets initiated coverage on shares of Moelis & Company in a report on Friday, October 3rd. They issued a "market perform" rating and a $74.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Moelis & Company in a report on Thursday. They issued a "buy" rating and a $80.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Moelis & Company presently has an average rating of "Hold" and a consensus price target of $73.14.

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.

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