Moelis & Company (NYSE:MC) Upgraded at Zacks Research

Zacks Research upgraded shares of Moelis & Company (NYSE:MC) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday morning,Zacks.com reports. Zacks Research also issued estimates for Moelis & Company’s Q4 2027 earnings at $1.66 EPS, Q1 2028 earnings at $1.24 EPS and FY2028 earnings at $5.27 EPS.

A number of other brokerages have also recently issued reports on MC. Morgan Stanley dropped their target price on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Wall Street Zen lowered Moelis & Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. The Goldman Sachs Group lowered their price target on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. UBS Group reaffirmed a “sell” rating and issued a $60.00 price objective (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and a consensus target price of $73.38.

Moelis & Company Stock Down 1.2%

NYSE:MC opened at $69.22 on Tuesday. The firm’s fifty day simple moving average is $66.64 and its 200-day simple moving average is $65.68. The stock has a market cap of $5.44 billion, a PE ratio of 24.90, a price-to-earnings-growth ratio of 0.90 and a beta of 1.85. Moelis & Company has a fifty-two week low of $51.06 and a fifty-two week high of $78.22.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). The company had revenue of $319.78 million during the quarter, compared to analyst estimates of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $0.64 EPS. Equities analysts anticipate that Moelis & Company will post 3.14 earnings per share for the current year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, May 11th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, May 11th. Moelis & Company’s dividend payout ratio is presently 93.53%.

Hedge Funds Weigh In On Moelis & Company

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allied Private Wealth LLC acquired a new position in Moelis & Company during the second quarter worth about $25,000. Root Financial Partners LLC grew its position in shares of Moelis & Company by 292.2% in the first quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock valued at $26,000 after purchasing an additional 339 shares during the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Moelis & Company in the fourth quarter valued at approximately $27,000. Hantz Financial Services Inc. increased its stake in shares of Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after purchasing an additional 163 shares in the last quarter. Finally, Allworth Financial LP increased its stake in shares of Moelis & Company by 153.9% during the 3rd quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock worth $30,000 after purchasing an additional 254 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

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. 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.