Janney Montgomery Scott LLC Sells 2,154 Shares of Moelis & Company (NYSE:MC)

Janney Montgomery Scott LLC reduced its stake in Moelis & Company (NYSE:MC) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,005 shares of the asset manager’s stock after selling 2,154 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Moelis & Company were worth $2,467,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MC. Trust Point Inc. boosted its position in Moelis & Company by 0.8% in the third quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock valued at $1,300,000 after buying an additional 147 shares in the last quarter. SkyView Investment Advisors LLC boosted its position in Moelis & Company by 1.4% in the second quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock valued at $788,000 after buying an additional 188 shares in the last quarter. Bank of Montreal Can boosted its position in Moelis & Company by 2.7% in the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock valued at $409,000 after buying an additional 192 shares in the last quarter. UMB Bank n.a. boosted its position in Moelis & Company by 63.5% in the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after buying an additional 193 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in Moelis & Company by 3.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,390 shares of the asset manager’s stock valued at $363,000 after buying an additional 193 shares in the last quarter. 91.53% of the stock is owned by institutional investors.

Moelis & Company Stock Up 1.3 %

Shares of Moelis & Company stock opened at $77.98 on Tuesday. The firm has a market cap of $5.84 billion, a PE ratio of 147.13 and a beta of 1.33. Moelis & Company has a 12-month low of $41.18 and a 12-month high of $81.60. The company’s fifty day simple moving average is $68.58 and its two-hundred day simple moving average is $62.22.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $273.76 million during the quarter, compared to analysts’ expectations of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.15) earnings per share. As a group, sell-side analysts expect that Moelis & Company will post 0.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 4th. This represents a $2.40 annualized dividend and a yield of 3.08%. Moelis & Company’s dividend payout ratio (DPR) is 452.83%.

Analyst Ratings Changes

A number of equities analysts have recently commented on MC shares. JPMorgan Chase & Co. lifted their price target on shares of Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Wells Fargo & Company initiated coverage on shares of Moelis & Company in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 target price for the company. Morgan Stanley lowered their target price on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a research note on Thursday, October 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 target price (up previously from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. Finally, UBS Group lifted their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, Moelis & Company has an average rating of “Hold” and a consensus target price of $60.83.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.