Moelis & Company (NYSE:MC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Moelis & Company (NYSE:MCGet Rating) have received a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $56.43.

A number of equities research analysts recently weighed in on MC shares. Zacks Investment Research downgraded shares of Moelis & Company from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a research report on Monday, February 14th. Piper Sandler cut Moelis & Company from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $52.00 to $50.00 in a research report on Thursday. StockNews.com initiated coverage on Moelis & Company in a research report on Thursday, March 31st. They set a “hold” rating for the company. Morgan Stanley lowered their price objective on Moelis & Company from $65.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 8th. Finally, UBS Group cut their target price on Moelis & Company from $85.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, January 4th.

In other news, General Counsel Osamu R. Watanabe sold 6,232 shares of the stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $47.12, for a total value of $293,651.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kenneth Moelis sold 34,370 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $47.12, for a total value of $1,619,514.40. The disclosure for this sale can be found here. Insiders have sold a total of 86,121 shares of company stock worth $4,058,022 in the last ninety days. 17.99% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in the company. FMR LLC grew its stake in shares of Moelis & Company by 2.3% in the 1st quarter. FMR LLC now owns 108,936 shares of the asset manager’s stock worth $4,532,000 after purchasing an additional 2,402 shares during the last quarter. SG Americas Securities LLC lifted its stake in Moelis & Company by 1,075.4% during the third quarter. SG Americas Securities LLC now owns 29,666 shares of the asset manager’s stock valued at $1,835,000 after purchasing an additional 27,142 shares during the last quarter. Raymond James & Associates boosted its holdings in Moelis & Company by 1.3% during the third quarter. Raymond James & Associates now owns 287,173 shares of the asset manager’s stock worth $17,767,000 after buying an additional 3,617 shares in the last quarter. Versor Investments LP acquired a new position in Moelis & Company in the third quarter worth approximately $638,000. Finally, Hancock Whitney Corp acquired a new position in Moelis & Company in the third quarter worth approximately $562,000. Institutional investors and hedge funds own 83.76% of the company’s stock.

Shares of NYSE MC opened at $47.03 on Friday. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 8.81 and a beta of 1.24. Moelis & Company has a twelve month low of $43.65 and a twelve month high of $77.49. The business has a 50 day simple moving average of $46.50 and a 200-day simple moving average of $57.26.

Moelis & Company (NYSE:MCGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The asset manager reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.16. Moelis & Company had a net margin of 23.71% and a return on equity of 85.78%. During the same period in the prior year, the firm earned $0.75 earnings per share. Research analysts forecast that Moelis & Company will post 3.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 28th. Investors of record on Tuesday, February 22nd were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend was Friday, February 18th. Moelis & Company’s dividend payout ratio is currently 44.94%.

Moelis & Company Company Profile (Get Rating)

Moelis & Company operates as an investment banking advisory firm in the United States, Europe, and internationally. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.

Further Reading

Analyst Recommendations for Moelis & Company (NYSE:MC)

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