Moelis & Company (NYSE:MC) Receives $70.83 Average Target Price from Analysts

Shares of Moelis & Company (NYSE:MC) have earned a consensus rating of “Hold” from the seven research firms that are covering the company, MarketBeat 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 brokerages that have issued ratings on the stock in the last year is $70.67.

A number of analysts recently commented on the company. Wells Fargo & Company dropped their price objective on Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating for the company in a research report on Tuesday. UBS Group lifted their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $71.00 to $86.00 in a research report on Friday, December 20th. Finally, Morgan Stanley upgraded Moelis & Company from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $92.00 in a research report on Monday, December 9th.

Moelis & Company Stock Up 3.3 %

Shares of MC stock opened at $75.18 on Monday. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $81.60. The stock has a market cap of $5.63 billion, a P/E ratio of 141.85 and a beta of 1.39. The business has a fifty day simple moving average of $74.80 and a 200-day simple moving average of $68.87.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, beating 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 business had revenue of $273.76 million during the quarter, compared to analysts’ expectations of $273.58 million. During the same quarter last year, the business posted ($0.15) earnings per share. The business’s revenue for the quarter was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Moelis & Company will post 0.96 earnings per share for the current year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Monday, November 4th. Moelis & Company’s payout ratio is 452.83%.

Institutional Trading of Moelis & Company

A number of hedge funds have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its stake in Moelis & Company by 2.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 27,881 shares of the asset manager’s stock worth $2,060,000 after buying an additional 626 shares during the last quarter. Heritage Family Offices LLP boosted its stake in 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 buying an additional 213 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Moelis & Company by 7.5% in the 4th 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. boosted its stake in Moelis & Company by 100.4% in the 4th 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 during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Moelis & Company by 18.1% in the 4th quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock valued at $87,000 after purchasing an additional 180 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

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.