Moelis & Company (NYSE:MC) Given Consensus Recommendation of “Hold” by Analysts

Shares of Moelis & Company (NYSE:MC) have received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $71.5714.

MC has been the topic of several research reports. Morgan Stanley increased their price target on shares of Moelis & Company from $74.00 to $90.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Moelis & Company in a report on Monday. Keefe, Bruyette & Woods cut their price target on Moelis & Company from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. BMO Capital Markets assumed coverage on Moelis & Company in a research note on Friday, October 3rd. They issued a “market perform” rating and a $74.00 price objective on the stock. Finally, Zacks Research cut Moelis & Company from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th.

Institutional Trading of Moelis & Company

A number of institutional investors and hedge funds have recently bought and sold shares of MC. Versor Investments LP bought a new stake in Moelis & Company in the first quarter worth $1,432,000. AE Wealth Management LLC purchased a new position in shares of Moelis & Company in the 2nd quarter worth $207,000. Vanguard Group Inc. increased its holdings in shares of Moelis & Company by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 8,305,688 shares of the asset manager’s stock worth $484,720,000 after buying an additional 158,373 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Moelis & Company by 32.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,356,893 shares of the asset manager’s stock worth $137,548,000 after buying an additional 579,529 shares during the last quarter. Finally, Deutsche Bank AG raised its position in shares of Moelis & Company by 14.9% during the 1st quarter. Deutsche Bank AG now owns 293,408 shares of the asset manager’s stock valued at $17,123,000 after buying an additional 37,964 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Price Performance

Shares of NYSE:MC opened at $65.23 on Thursday. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $82.89. The business has a fifty day moving average price of $65.94 and a 200-day moving average price of $66.60. The company has a market capitalization of $5.11 billion, a PE ratio of 21.82, a PEG ratio of 0.68 and a beta of 1.90.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Moelis & Company had a return on equity of 45.62% and a net margin of 15.98%.The firm had revenue of $356.89 million for the quarter, compared to the consensus estimate of $336.14 million. During the same period in the prior year, the company posted $0.22 earnings per share. The company’s quarterly revenue was up 30.4% on a year-over-year basis. On average, sell-side analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 10th will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, November 10th. Moelis & Company’s dividend payout ratio is presently 86.96%.

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.