Callan Family Office LLC Purchases 78,552 Shares of Moelis & Company $MC

Callan Family Office LLC lifted its position in shares of Moelis & Company (NYSE:MC) by 1,277.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,703 shares of the asset manager’s stock after buying an additional 78,552 shares during the quarter. Callan Family Office LLC’s holdings in Moelis & Company were worth $5,279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Moelis & Company by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 8,305,688 shares of the asset manager’s stock worth $484,720,000 after purchasing an additional 158,373 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Moelis & Company by 214.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,942,299 shares of the asset manager’s stock worth $171,713,000 after purchasing an additional 2,006,747 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Moelis & Company by 32.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,356,893 shares of the asset manager’s stock worth $137,548,000 after purchasing an additional 579,529 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Moelis & Company by 4.4% during the 1st quarter. Ameriprise Financial Inc. now owns 2,260,345 shares of the asset manager’s stock worth $131,914,000 after purchasing an additional 95,114 shares during the last quarter. Finally, Madison Asset Management LLC lifted its stake in shares of Moelis & Company by 8.5% during the 1st quarter. Madison Asset Management LLC now owns 1,264,200 shares of the asset manager’s stock worth $73,779,000 after purchasing an additional 99,313 shares during the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Stock Down 4.0%

Shares of NYSE:MC opened at $63.03 on Friday. Moelis & Company has a 52-week low of $47.00 and a 52-week high of $82.89. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 24.82 and a beta of 1.77. The business has a 50-day moving average price of $71.65 and a 200-day moving average price of $63.63.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Thursday, July 24th. The asset manager reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.21. Moelis & Company had a return on equity of 42.72% and a net margin of 14.31%.The firm had revenue of $365.38 million during the quarter, compared to analysts’ expectations of $269.57 million. During the same period last year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 38.1% compared to the same quarter last year. As a group, equities analysts anticipate that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, August 4th. Moelis & Company’s dividend payout ratio (DPR) is currently 102.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research cut Moelis & Company from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company upped their price objective on Moelis & Company from $50.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft initiated coverage on Moelis & Company in a research note on Thursday. They issued a “buy” rating and a $80.00 price target for the company. BMO Capital Markets initiated coverage on Moelis & Company in a research note on Friday, October 3rd. They issued a “market perform” rating and a $74.00 price target for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Moelis & Company in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Moelis & Company currently has an average rating of “Hold” and an average target price of $73.14.

Insider Activity at Moelis & Company

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

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.