JPMorgan Chase & Co. Increases Moelis & Company (NYSE:MC) Price Target to $81.00

Moelis & Company (NYSE:MC) had its price target boosted by investment analysts at JPMorgan Chase & Co. from $80.00 to $81.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 10.73% from the stock’s previous close.

Other analysts have also recently issued reports about the company. Morgan Stanley increased their price target on Moelis & Company from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft started coverage on Moelis & Company in a research report on Thursday, October 9th. They issued a “buy” rating and a $80.00 target price on the stock. UBS Group boosted their price target on shares of Moelis & Company from $70.00 to $74.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Keefe, Bruyette & Woods cut shares of Moelis & Company from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $78.00 to $80.00 in a report on Tuesday, December 16th. Finally, Zacks Research downgraded shares of Moelis & Company from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $76.33.

Moelis & Company Stock Performance

Shares of NYSE:MC opened at $73.15 on Thursday. The company’s fifty day moving average is $71.62 and its two-hundred day moving average is $70.00. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $81.38. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 0.60 and a beta of 1.87.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, February 4th. The asset manager reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.37. Moelis & Company had a net margin of 15.36% and a return on equity of 43.19%. The business had revenue of $487.94 million during the quarter, compared to the consensus estimate of $430.17 million. During the same quarter in the prior year, the firm earned $1.18 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. Sell-side analysts expect that Moelis & Company will post 2.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Moelis & Company

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Impact Capital Partners LLC lifted its holdings in shares of Moelis & Company by 1.2% in the third quarter. Impact Capital Partners LLC now owns 12,000 shares of the asset manager’s stock valued at $856,000 after buying an additional 147 shares during the period. Moran Wealth Management LLC raised its position in Moelis & Company by 0.4% in the third quarter. Moran Wealth Management LLC now owns 37,988 shares of the asset manager’s stock worth $2,709,000 after acquiring an additional 156 shares in the last quarter. Wesbanco Bank Inc. lifted its holdings in Moelis & Company by 2.1% in the 4th quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager’s stock valued at $611,000 after acquiring an additional 180 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Moelis & Company by 44.0% during the 3rd quarter. Private Trust Co. NA now owns 599 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 183 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Moelis & Company by 89.8% in the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock worth $28,000 after purchasing an additional 184 shares during the last quarter. 91.53% of the stock is owned by institutional investors.

Key Moelis & Company News

Here are the key news stories impacting Moelis & Company this week:

• Positive Sentiment: Q4 results beat expectations — Revenue rose ~11% to ~$488M and EPS topped consensus, reflecting continued M&A and capital-markets momentum; management said it will expand capital returns, supporting near-term upside for the stock. Read More.
• Positive Sentiment: $300M buyback announced and quarterly dividend declared ($0.65/share, ~3.6% yield) — buybacks and a meaningful dividend increase capital return to shareholders and improve EPS leverage. Read More.
• Positive Sentiment: Analyst price-target increases — Morgan Stanley raised its target to $90 (Overweight) and JPMorgan nudged its target to $81 (Neutral), bringing fresh analyst support and raising the consensus upside. Read More. · Read More.
• Neutral Sentiment: Positive analyst commentary and stock-screen features — coverage pieces (Zacks et al.) highlight Moelis’ growth profile and attractive style scores, which can attract momentum and growth-focused investors but are informational rather than catalytic. Read More.
• Neutral Sentiment: Earnings call / deep dives available — Transcripts and slide decks provide detail on deal pipeline, strategic hires and capital-markets expansion; useful for modeling but no new surprises disclosed in headlines. Read More.
• Negative Sentiment: Operational and cash-flow pressure beneath the headline beat — some metrics showed strains: operating profit and diluted EPS were modestly lower year-over-year in certain reports, and cash from operations and cash balances declined materially, which could limit flexibility if deal activity softens. Read More.

Moelis & Company Company Profile

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.