Moelis & Company (NYSE:MC) Receives $66.50 Consensus PT from Analysts

Shares of Moelis & Company (NYSE:MC) have received an average recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $70.83.

Several equities research analysts have issued reports on the company. UBS Group raised their target price on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and raised their price objective for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. Wells Fargo & Company boosted their price objective on shares of Moelis & Company from $70.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods raised shares of Moelis & Company from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $71.00 to $86.00 in a research note on Friday.

Moelis & Company Trading Up 2.9 %

MC opened at $73.81 on Thursday. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $81.60. The firm has a market capitalization of $5.53 billion, a PE ratio of 139.26 and a beta of 1.37. The firm’s 50-day moving average price is $73.07 and its 200 day moving average price is $66.29.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The company had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, analysts predict that Moelis & Company will post 0.96 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.25%. Moelis & Company’s payout ratio is currently 452.83%.

Institutional Investors Weigh In On Moelis & Company

Hedge funds and other institutional investors have recently made changes to their positions in the business. Reston Wealth Management LLC purchased a new stake in Moelis & Company in the third quarter valued at $26,000. UMB Bank n.a. lifted its holdings in shares of Moelis & Company by 63.5% in the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 193 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Moelis & Company by 115.8% in the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock valued at $68,000 after purchasing an additional 534 shares during the period. Blue Trust Inc. grew its stake in 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 buying an additional 712 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in Moelis & Company during the 3rd quarter worth approximately $75,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

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.