Moelis & Company (NYSE:MC) Given Consensus Rating of “Hold” by Brokerages

Moelis & Company (NYSE:MC) has earned an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $70.67.

MC has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and upped their price target for the company from $66.00 to $92.00 in a report on Monday, December 9th. UBS Group lifted their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and upped their target price for the company from $71.00 to $86.00 in a research note on Friday, December 20th.

Hedge Funds Weigh In On Moelis & Company

Several institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Moelis & Company by 0.7% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,190,221 shares of the asset manager’s stock valued at $408,836,000 after purchasing an additional 47,365 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Moelis & Company by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,590,316 shares of the asset manager’s stock valued at $108,973,000 after buying an additional 10,698 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Moelis & Company by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 922,920 shares of the asset manager’s stock valued at $63,229,000 after buying an additional 16,830 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of Moelis & Company by 13.7% in the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after buying an additional 96,720 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in Moelis & Company by 7.5% during 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 in the last quarter. 91.53% of the stock is owned by institutional investors.

Moelis & Company Stock Performance

NYSE MC opened at $77.25 on Monday. The stock has a 50-day simple moving average of $74.79 and a 200 day simple moving average of $69.23. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $81.60. The stock has a market capitalization of $5.79 billion, a PE ratio of 145.76 and a beta of 1.39.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data 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. 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 during the quarter, compared to analysts’ expectations of $273.58 million. During the same period in the prior year, the business earned ($0.15) earnings per share. Moelis & Company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities research analysts forecast that Moelis & Company will post 1.02 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Monday, November 4th. Moelis & Company’s dividend payout ratio (DPR) is 452.83%.

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.