9,470 Shares in Moelis & Company $MC Acquired by Pinnacle West Asset Management Inc.

Pinnacle West Asset Management Inc. acquired a new stake in Moelis & Company (NYSE:MC) during the second quarter, Holdings Channel.com reports. The fund acquired 9,470 shares of the asset manager’s stock, valued at approximately $1,217,000.

Several other institutional investors have also added to or reduced their stakes in the company. Wasatch Advisors LP lifted its stake in Moelis & Company by 9.0% during the first quarter. Wasatch Advisors LP now owns 3,742,624 shares of the asset manager’s stock worth $213,330,000 after purchasing an additional 310,001 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Moelis & Company by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,194,479 shares of the asset manager’s stock valued at $219,588,000 after purchasing an additional 66,697 shares during the last quarter. State Street Corp increased its stake in shares of Moelis & Company by 3.2% in the 2nd quarter. State Street Corp now owns 2,862,337 shares of the asset manager’s stock valued at $178,381,000 after purchasing an additional 89,143 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Moelis & Company by 6.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,396,230 shares of the asset manager’s stock worth $149,333,000 after buying an additional 135,885 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Moelis & Company by 5.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,876,472 shares of the asset manager’s stock worth $128,989,000 after buying an additional 89,365 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Stock Performance

Shares of NYSE:MC opened at $68.21 on Friday. Moelis & Company has a 52 week low of $51.06 and a 52 week high of $78.22. The firm has a market cap of $5.34 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 0.88 and a beta of 1.84. The firm’s fifty day moving average is $67.12 and its 200-day moving average is $64.54.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, July 29th. The asset manager reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $409.39 million during the quarter, compared to the consensus estimate of $387.27 million. Moelis & Company had a return on equity of 39.59% and a net margin of 14.50%.Moelis & Company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Sell-side analysts forecast that Moelis & Company will post 3.09 EPS for the current year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 10th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, August 10th. Moelis & Company’s dividend payout ratio (DPR) is 90.59%.

Insider Activity

In related news, General Counsel Osamu R. Watanabe sold 4,850 shares of Moelis & Company stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $69.30, for a total value of $336,105.00. Following the transaction, the general counsel directly owned 131 shares of the company’s stock, valued at $9,078.30. The trade was a 97.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.29% of the stock is owned by company insiders.

Moelis & Company News Summary

Here are the key news stories impacting Moelis & Company this week:

• Positive Sentiment: Moelis’ latest quarter featured record revenue of approximately $409.4 million, up 12% year over year and above the $387.3 million consensus estimate. Adjusted EPS of $0.63 also narrowly exceeded expectations of $0.62, suggesting resilient deal activity and operating momentum. What Is Behind Moelis & Company Record Revenue Quarter?
• Positive Sentiment: Zacks Research raised its FY2026 EPS forecast to $3.03 from $2.94, increased Q4 2026 EPS to $1.25 from $1.21, and lifted its FY2028 estimate to $5.33 from $5.27. It also raised estimates for Q2 2027 and Q4 2027, indicating expectations for stronger earnings later in the forecast period. Moelis & Company analyst estimates
• Neutral Sentiment: Shares crossed above their 50-day moving average, a potential momentum signal, but the accompanying analysis questioned whether the move represents a selling opportunity. The stock is also below its 12-month high, leaving investor sentiment dependent on continued investment-banking activity.
• Negative Sentiment: Zacks lowered several near- and medium-term forecasts, including Q3 2026 EPS to $0.65 from $0.67, Q1 2027 to $0.68 from $0.82, Q3 2027 to $0.89 from $0.93, Q1 2028 to $1.20 from $1.24, and Q2 2028 to $1.21 from $1.27. These cuts suggest some caution about the timing and sustainability of earnings growth, despite the longer-term upgrades.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price objective on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a research report on Friday, July 10th. Wall Street Zen upgraded Moelis & Company from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Morgan Stanley boosted their target price on Moelis & Company from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. Weiss Ratings cut shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, UBS Group restated a “sell” rating and issued a $60.00 price target (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and a consensus target price of $73.62.

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.