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

Shares of Moelis & Company (NYSE:MC) have been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $64.17.

A number of research firms have weighed in on MC. Wells Fargo & Company decreased their target price on shares of Moelis & Company from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Wall Street Zen lowered shares of Moelis & Company from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. The Goldman Sachs Group lifted their price target on shares of Moelis & Company from $56.00 to $63.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Moelis & Company from $55.00 to $52.00 and set a “neutral” rating on the stock in a research report on Thursday, April 24th.

Hedge Funds Weigh In On Moelis & Company

A number of institutional investors and hedge funds have recently modified their holdings of MC. CIBC Private Wealth Group LLC lifted its position in Moelis & Company by 52.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager’s stock valued at $30,000 after acquiring an additional 137 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Moelis & Company in the fourth quarter valued at $31,000. MassMutual Private Wealth & Trust FSB lifted its position in Moelis & Company by 1,551.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 644 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 605 shares during the last quarter. Versant Capital Management Inc lifted its position in Moelis & Company by 1,460.8% in the first quarter. Versant Capital Management Inc now owns 796 shares of the asset manager’s stock valued at $46,000 after acquiring an additional 745 shares during the last quarter. Finally, eCIO Inc. purchased a new stake in Moelis & Company in the first quarter valued at $50,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Trading Up 0.5%

Shares of MC opened at $65.80 on Monday. The firm has a market cap of $5.17 billion, a PE ratio of 30.18 and a beta of 1.64. The stock has a fifty day moving average price of $58.24 and a 200-day moving average price of $63.88. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $82.89.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, April 23rd. The asset manager reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.07. The company had revenue of $306.59 million for the quarter, compared to the consensus estimate of $309.67 million. Moelis & Company had a return on equity of 40.89% and a net margin of 13.22%. The firm’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period last year, the firm earned $0.22 EPS. As a group, research analysts forecast that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, May 5th were paid a dividend of $0.65 per share. The ex-dividend date was Monday, May 5th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.95%. Moelis & Company’s payout ratio is currently 119.27%.

About Moelis & Company

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.