Janney Montgomery Scott LLC Has $1.65 Million Stock Holdings in Moelis & Company (NYSE:MC)

Janney Montgomery Scott LLC lowered its stake in Moelis & Company (NYSE:MC) by 38.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,271 shares of the asset manager’s stock after selling 13,734 shares during the period. Janney Montgomery Scott LLC’s holdings in Moelis & Company were worth $1,645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Moelis & Company during the third quarter worth about $3,433,000. Natixis Advisors LLC raised its stake in shares of Moelis & Company by 13.7% in the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock worth $55,141,000 after purchasing an additional 96,720 shares during the last quarter. Cerity Partners LLC lifted its holdings in shares of Moelis & Company by 129.8% in the third quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager’s stock valued at $949,000 after purchasing an additional 7,819 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Moelis & Company by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock valued at $63,229,000 after buying an additional 16,830 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Moelis & Company by 75.0% during the third quarter. Citigroup Inc. now owns 87,213 shares of the asset manager’s stock worth $5,975,000 after buying an additional 37,375 shares in the last quarter. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Stock Down 0.9 %

NYSE:MC opened at $77.57 on Tuesday. The firm has a market capitalization of $5.81 billion, a P/E ratio of 146.36 and a beta of 1.40. The company has a fifty day moving average of $75.30 and a 200 day moving average of $70.51. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $81.60.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. UBS Group boosted their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Wells Fargo & Company decreased their price objective on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods upgraded shares of Moelis & Company from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $71.00 to $86.00 in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy 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 $70.67.

Moelis & Company Profile

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.