Moelis & Company (NYSE:MC) Receives $60.83 Consensus Price Target from Analysts

Shares of Moelis & Company (NYSE:MC) have been assigned a consensus rating of “Reduce” from the seven research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $60.83.

A number of equities analysts recently issued reports on the company. Wells Fargo & Company began coverage on Moelis & Company in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target on the stock. Morgan Stanley dropped their target price on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a report on Thursday, October 24th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $60.00 price target (up previously from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price objective on shares of Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, UBS Group upped their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th.

Hedge Funds Weigh In On Moelis & Company

Institutional investors have recently made changes to their positions in the stock. Reston Wealth Management LLC purchased a new stake in shares of Moelis & Company during the third quarter worth about $26,000. UMB Bank n.a. grew its stake in Moelis & Company by 63.5% in the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after acquiring an additional 193 shares during the period. Hexagon Capital Partners LLC raised its holdings in Moelis & Company by 147.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 392 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Moelis & Company by 115.8% during the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after purchasing an additional 534 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of Moelis & Company by 193.0% during the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock worth $74,000 after purchasing an additional 712 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Trading Up 0.8 %

Shares of Moelis & Company stock opened at $66.93 on Wednesday. The company has a fifty day simple moving average of $67.74 and a 200-day simple moving average of $61.04. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 126.60 and a beta of 1.33. Moelis & Company has a 12-month low of $40.68 and a 12-month high of $72.80.

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

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.59%. Moelis & Company’s dividend payout ratio is presently 452.83%.

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.