Moelis & Company (NYSE:MC) Receives Consensus Rating of “Reduce” from Brokerages

Moelis & Company (NYSE:MC) has received an average recommendation of “Reduce” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $60.83.

A number of equities analysts have weighed in on MC shares. Wells Fargo & Company assumed coverage on shares of Moelis & Company in a research note on Thursday, September 12th. They set an “equal weight” rating and a $70.00 target price for the company. Morgan Stanley lowered their price objective on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a research note on Thursday, October 24th. Finally, UBS Group increased their target price on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th.

Moelis & Company Stock Up 0.5 %

Shares of MC stock opened at $75.05 on Friday. The business’s fifty day moving average is $70.46 and its 200 day moving average is $63.57. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 141.60 and a beta of 1.33. Moelis & Company has a twelve month low of $44.53 and a twelve month high of $81.60.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The firm had revenue of $273.76 million for the quarter, compared to the consensus estimate of $273.58 million. During the same period in the prior year, the firm earned ($0.15) EPS. The company’s revenue was up .6% compared to the same quarter last year. Equities research analysts expect that Moelis & Company will post 0.96 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date is Monday, November 4th. Moelis & Company’s payout ratio is currently 452.83%.

Hedge Funds Weigh In On Moelis & Company

A number of hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Moelis & Company by 51.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 135,399 shares of the asset manager’s stock valued at $7,699,000 after buying an additional 46,226 shares during the period. Sei Investments Co. grew its stake in shares of Moelis & Company by 18.2% during the 2nd quarter. Sei Investments Co. now owns 305,871 shares of the asset manager’s stock valued at $17,392,000 after purchasing an additional 47,176 shares during the period. XTX Topco Ltd grew its stake in shares of Moelis & Company by 274.4% during the 2nd quarter. XTX Topco Ltd now owns 16,524 shares of the asset manager’s stock valued at $940,000 after purchasing an additional 12,110 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Moelis & Company in the 3rd quarter worth approximately $3,433,000. Finally, Natixis Advisors LLC boosted its holdings in shares of Moelis & Company by 13.7% in the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock worth $55,141,000 after buying an additional 96,720 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.