Seaport Res Ptn Has Bullish Outlook for MC FY2024 Earnings

Moelis & Company (NYSE:MC) – Investment analysts at Seaport Res Ptn upped their FY2024 EPS estimates for Moelis & Company in a research report issued to clients and investors on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will earn $1.06 per share for the year, up from their previous forecast of $1.02. The consensus estimate for Moelis & Company’s current full-year earnings is $0.96 per share. Seaport Res Ptn also issued estimates for Moelis & Company’s Q4 2024 earnings at $0.44 EPS, Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.68 EPS and Q4 2025 earnings at $0.90 EPS.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $273.76 million during the quarter, compared to the consensus estimate of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.15) EPS.

Several other analysts have also recently issued reports on MC. Keefe, Bruyette & Woods raised shares of Moelis & Company from a “market perform” rating to an “outperform” rating and upped their price target for the company from $71.00 to $86.00 in a report on Friday, December 20th. Wells Fargo & Company reduced their price target on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Tuesday. UBS Group boosted their price objective on Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $66.00 to $92.00 in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.67.

Moelis & Company Trading Up 2.9 %

Shares of MC opened at $72.79 on Tuesday. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $81.60. The stock’s fifty day simple moving average is $74.91 and its 200 day simple moving average is $68.83. The firm has a market capitalization of $5.45 billion, a P/E ratio of 137.34 and a beta of 1.39.

Moelis & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Monday, November 4th. Moelis & Company’s dividend payout ratio is presently 452.83%.

Institutional Trading of Moelis & Company

Several institutional investors have recently made changes to their positions in MC. Heritage Family Offices LLP grew its holdings in shares of Moelis & Company by 5.0% in the 4th quarter. Heritage Family Offices LLP now owns 4,464 shares of the asset manager’s stock worth $330,000 after purchasing an additional 213 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Moelis & Company by 7.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 768,945 shares of the asset manager’s stock worth $56,810,000 after buying an additional 53,473 shares during the last quarter. Fulton Bank N.A. increased its holdings in shares of Moelis & Company by 100.4% during the fourth quarter. Fulton Bank N.A. now owns 6,043 shares of the asset manager’s stock worth $446,000 after buying an additional 3,027 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Moelis & Company by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock valued at $87,000 after acquiring an additional 180 shares during the last quarter. Finally, DGS Capital Management LLC acquired a new position in shares of Moelis & Company in the 3rd quarter worth approximately $202,000. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company 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.