Moelis & Company (NYSE:MC) PT Raised to $47.00

Moelis & Company (NYSE:MC) had its target price hoisted by UBS Group from $45.00 to $47.00 in a research note issued to investors on Thursday, Benzinga reports. UBS Group currently has a sell rating on the asset manager’s stock.

MC has been the subject of a number of other research reports. JMP Securities reiterated a market perform rating on shares of Moelis & Company in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price target on shares of Moelis & Company from $46.00 to $57.00 and gave the stock a neutral rating in a report on Thursday, February 8th. StockNews.com upgraded shares of Moelis & Company from a sell rating to a hold rating in a research report on Thursday, February 8th. The Goldman Sachs Group upgraded Moelis & Company from a sell rating to a neutral rating and boosted their price target for the company from $53.00 to $58.00 in a report on Wednesday, March 13th. Finally, Keefe, Bruyette & Woods restated a market perform rating and set a $54.00 price objective (down previously from $58.00) on shares of Moelis & Company in a report on Thursday. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $50.80.

Moelis & Company Price Performance

Shares of NYSE MC opened at $49.75 on Thursday. The firm’s 50-day moving average is $54.07 and its two-hundred day moving average is $51.64. The company has a market capitalization of $3.54 billion, a PE ratio of -261.84 and a beta of 1.35. Moelis & Company has a 12-month low of $33.87 and a 12-month high of $58.67.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. Moelis & Company had a negative return on equity of 0.13% and a negative net margin of 1.33%. The firm had revenue of $217.49 million for the quarter, compared to analysts’ expectations of $219.30 million. During the same quarter in the prior year, the firm earned $0.05 EPS. Moelis & Company’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts forecast that Moelis & Company will post 1.29 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 6th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Friday, May 3rd. Moelis & Company’s dividend payout ratio (DPR) is presently -1,263.16%.

Insider Transactions at Moelis & Company

In related news, Vice Chairman Eric Cantor sold 17,857 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $939,278.20. Following the completion of the sale, the insider now owns 195,863 shares of the company’s stock, valued at approximately $10,302,393.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Joseph Simon sold 8,573 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $54.13, for a total transaction of $464,056.49. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Eric Cantor sold 17,857 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $939,278.20. Following the transaction, the insider now directly owns 195,863 shares in the company, valued at $10,302,393.80. The disclosure for this sale can be found here. Insiders have sold a total of 375,185 shares of company stock worth $20,130,225 in the last three months. 6.96% of the stock is currently owned by company insiders.

Institutional Trading of Moelis & Company

A number of hedge funds have recently made changes to their positions in MC. Mendota Financial Group LLC acquired a new stake in Moelis & Company during the 4th quarter valued at $34,000. GAMMA Investing LLC purchased a new position in Moelis & Company in the fourth quarter valued at about $34,000. Hexagon Capital Partners LLC grew its stake in Moelis & Company by 147.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 392 shares in the last quarter. Assetmark Inc. increased its holdings in Moelis & Company by 22.5% during the 4th quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock worth $84,000 after purchasing an additional 276 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Moelis & Company in the 3rd quarter valued at approximately $99,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.

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.