Moelis & Company (NYSE:MC) Receives $75.44 Consensus Price Target from Brokerages

Moelis & Company (NYSE:MC) has earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $75.4444.

MC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods downgraded Moelis & Company from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $78.00 to $80.00 in a research report on Tuesday, December 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Moelis & Company in a research note on Monday, December 29th. Morgan Stanley raised their price target on shares of Moelis & Company from $89.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, February 5th. UBS Group lowered their price objective on shares of Moelis & Company from $74.00 to $59.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Finally, Bank of America assumed coverage on shares of Moelis & Company in a research report on Monday, January 26th. They issued a “neutral” rating and a $81.00 target price on the stock.

Insider Transactions at Moelis & Company

In other Moelis & Company news, General Counsel Osamu R. Watanabe sold 2,765 shares of the stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $62.23, for a total value of $172,065.95. Following the completion of the transaction, the general counsel directly owned 4,981 shares in the company, valued at approximately $309,967.63. This trade represents a 35.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Moelis & Company

Several hedge funds have recently added to or reduced their stakes in MC. Integrated Wealth Concepts LLC increased its position in Moelis & Company by 9.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager’s stock valued at $280,000 after acquiring an additional 432 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $2,456,000 after purchasing an additional 1,839 shares during the period. United Services Automobile Association acquired a new stake in Moelis & Company in the first quarter valued at $264,000. Empowered Funds LLC raised its position in Moelis & Company by 37.6% during the 1st 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 during the last quarter. Finally, Bank of Montreal Can grew its position in shares of Moelis & Company by 6.5% in the 2nd quarter. Bank of Montreal Can now owns 12,088 shares of the asset manager’s stock valued at $753,000 after buying an additional 741 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

Moelis & Company Trading Up 0.2%

Shares of NYSE:MC opened at $51.86 on Friday. The firm has a 50 day moving average of $67.25 and a 200-day moving average of $68.09. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $78.22. The stock has a market capitalization of $4.06 billion, a PE ratio of 17.64, a PEG ratio of 0.55 and a beta of 1.90.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, February 4th. The asset manager reported $1.13 earnings per share (EPS) 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 41.67%. The business had revenue of $487.94 million for the quarter, compared to analysts’ expectations of $430.17 million. During the same period last year, the firm posted $1.18 earnings per share. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts predict that Moelis & Company will post 2.97 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, February 17th will be given a dividend of $0.65 per share. The ex-dividend date is Tuesday, February 17th. This represents a $2.60 dividend on an annualized basis and a yield of 5.0%. Moelis & Company’s payout ratio is currently 88.44%.

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.