Brokerages Set Moelis & Company (NYSE:MC) PT at $73.38

Shares of Moelis & Company (NYSE:MC) have been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $73.3750.

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Moelis & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Keefe, Bruyette & Woods cut their price objective on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a research report on Friday, July 10th. Morgan Stanley reduced their target price on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Finally, UBS Group reiterated a “sell” rating and set a $60.00 target price (up from $58.00) on shares of Moelis & Company in a report on Wednesday, July 8th.

Moelis & Company Price Performance

NYSE:MC opened at $67.45 on Friday. Moelis & Company has a fifty-two week low of $51.06 and a fifty-two week high of $78.22. The stock has a market capitalization of $5.30 billion, a PE ratio of 24.26, a price-to-earnings-growth ratio of 0.86 and a beta of 1.85. The business’s 50-day simple moving average is $66.68 and its 200-day simple moving average is $65.65.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.09). The business 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%. Moelis & Company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, research analysts expect that Moelis & Company will post 3.14 earnings per share for the current year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, May 11th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, May 11th. Moelis & Company’s dividend payout ratio is currently 93.53%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Moelis & Company by 11.5% during the second quarter. GAMMA Investing LLC now owns 1,489 shares of the asset manager’s stock worth $97,000 after buying an additional 153 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Moelis & Company by 64.4% in the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 163 shares during the last quarter. Wesbanco Bank Inc. grew its position in shares of 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 period. GW Henssler & Associates Ltd. increased its stake in shares of Moelis & Company by 5.6% during the 4th quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager’s stock worth $236,000 after purchasing an additional 181 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Moelis & Company by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,955 shares of the asset manager’s stock worth $1,165,000 after purchasing an additional 200 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

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.