Moelis & Company (NYSE:MC) Receives Average Recommendation of “Hold” from Brokerages

Shares of Moelis & Company (NYSE:MC) have been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $76.3333.

Several equities research analysts have weighed in on the stock. Bank of America assumed coverage on shares of Moelis & Company in a research report on Monday, January 26th. They set a “neutral” rating and a $81.00 price target for the company. JPMorgan Chase & Co. increased their target price on shares of Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, February 5th. Keefe, Bruyette & Woods cut Moelis & Company from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $78.00 to $80.00 in a research note on Tuesday, December 16th. Weiss Ratings restated a “hold (c)” rating on shares of Moelis & Company in a report on Monday, December 29th. Finally, UBS Group increased their price objective on Moelis & Company from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th.

Moelis & Company Price Performance

Shares of MC stock opened at $65.94 on Tuesday. The business has a 50-day moving average of $71.95 and a 200 day moving average of $69.90. Moelis & Company has a 1-year low of $47.00 and a 1-year high of $78.57. The stock has a market capitalization of $5.16 billion, a PE ratio of 22.43, a P/E/G ratio of 0.71 and a beta of 1.87.

Moelis & Company (NYSE:MC) last released 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 return on equity of 43.19% and a net margin of 15.36%.The firm had revenue of $487.94 million during the quarter, compared to analyst estimates of $430.17 million. During the same quarter in the prior year, the firm posted $1.18 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Stockholders of record on Tuesday, February 17th will be given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, February 17th. Moelis & Company’s dividend payout ratio (DPR) is currently 88.44%.

Institutional Trading of Moelis & Company

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its position in shares of Moelis & Company by 9.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager’s stock worth $280,000 after acquiring an additional 432 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Moelis & Company by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,080 shares of the asset manager’s stock worth $2,456,000 after purchasing an additional 1,839 shares during the period. United Services Automobile Association purchased a new stake in Moelis & Company in the first quarter worth $264,000. Empowered Funds LLC raised its holdings in Moelis & Company by 37.6% in the first quarter. Empowered Funds LLC now owns 42,828 shares of the asset manager’s stock worth $2,499,000 after purchasing an additional 11,692 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in Moelis & Company by 32.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,274 shares of the asset manager’s stock valued at $765,000 after buying an additional 3,019 shares during the period. 91.53% of the stock is owned by institutional investors.

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.