Pinnacle West Asset Management Inc. Invests $1.22 Million in Moelis & Company $MC

Pinnacle West Asset Management Inc. bought a new position in shares of Moelis & Company (NYSE:MC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,470 shares of the asset manager’s stock, valued at approximately $1,217,000.

A number of other large investors have also added to or reduced their stakes in the business. Wasatch Advisors LP increased its holdings in shares of Moelis & Company by 9.0% in the first quarter. Wasatch Advisors LP now owns 3,742,624 shares of the asset manager’s stock valued at $213,330,000 after purchasing an additional 310,001 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Moelis & Company by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,194,479 shares of the asset manager’s stock worth $219,588,000 after buying an additional 66,697 shares during the last quarter. State Street Corp lifted its stake in shares of Moelis & Company by 3.2% during the 2nd quarter. State Street Corp now owns 2,862,337 shares of the asset manager’s stock worth $178,381,000 after buying an additional 89,143 shares during the last quarter. Ameriprise Financial Inc. boosted 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 during the period. Finally, Goldman Sachs Group Inc. boosted 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 during the period. Institutional investors own 91.53% of the company’s stock.

Wall Street Analysts Forecast Growth

MC has been the topic of several research analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Friday, July 10th. Wall Street Zen upgraded Moelis & Company from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group reaffirmed a “sell” rating and issued a $60.00 target price (up from $58.00) on shares of Moelis & Company in a research report on Wednesday, July 8th. Morgan Stanley increased 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. Finally, Zacks Research raised Moelis & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Moelis & Company has a consensus rating of “Hold” and an average price target of $73.62.

Moelis & Company Trading Up 2.0%

NYSE MC opened at $68.21 on Friday. Moelis & Company has a 1-year low of $51.06 and a 1-year high of $78.22. The company has a 50 day moving average of $67.12 and a 200-day moving average of $64.54. The company has a market cap of $5.34 billion, a price-to-earnings ratio of 23.77, a PEG ratio of 0.88 and a beta of 1.84.

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

Moelis & Company Announces Dividend

The business also recently announced 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 is presently 90.59%.

Insider Buying and Selling at Moelis & Company

In other news, General Counsel Osamu R. Watanabe sold 4,850 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $69.30, for a total transaction of $336,105.00. Following the sale, the general counsel directly owned 131 shares of the company’s stock, valued at approximately $9,078.30. This represents a 97.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 6.29% of the company’s stock.

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.

About Moelis & Company

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.