Analysts Set Moelis & Company (NYSE:MC) Target Price at $50.80

Shares of Moelis & Company (NYSE:MC) have been assigned an average recommendation of “Reduce” from the six analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $50.80.

MC has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 price objective (down previously from $58.00) on shares of Moelis & Company in a research report on Thursday, April 25th. UBS Group raised their price objective on shares of Moelis & Company from $45.00 to $47.00 and gave the company a “sell” rating in a research report on Thursday, April 25th. The Goldman Sachs Group raised Moelis & Company from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $53.00 to $58.00 in a report on Wednesday, March 13th. Finally, JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th.

Moelis & Company Stock Performance

Shares of NYSE:MC opened at $57.26 on Thursday. Moelis & Company has a one year low of $38.58 and a one year high of $58.67. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -301.37 and a beta of 1.35. The company has a 50-day simple moving average of $54.31 and a 200-day simple moving average of $54.61.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. Moelis & Company had a negative return on equity of 0.12% and a negative net margin of 1.33%. The business had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. As a group, research analysts forecast that Moelis & Company will post 1.29 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 6th were paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Friday, May 3rd. Moelis & Company’s dividend payout ratio (DPR) is -1,263.16%.

Insider Activity at Moelis & Company

In other news, insider Navid Mahmoodzadegan sold 44,980 shares of Moelis & Company stock in a transaction on Monday, May 13th. The stock was sold at an average price of $54.92, for a total transaction of $2,470,301.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Navid Mahmoodzadegan sold 44,980 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $54.92, for a total value of $2,470,301.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Kenneth Moelis sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $53.98, for a total transaction of $2,159,200.00. Following the transaction, the chief executive officer now directly owns 42,441 shares of the company’s stock, valued at $2,290,965.18. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Moelis & Company

A number of institutional investors have recently made changes to their positions in MC. O ROURKE & COMPANY Inc increased its position in Moelis & Company by 4.1% during the 4th quarter. O ROURKE & COMPANY Inc now owns 5,644 shares of the asset manager’s stock worth $317,000 after purchasing an additional 221 shares in the last quarter. Peak Financial Advisors LLC boosted its stake in shares of Moelis & Company by 2.9% during the 1st quarter. Peak Financial Advisors LLC now owns 8,715 shares of the asset manager’s stock worth $495,000 after purchasing an additional 245 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Moelis & Company by 22.5% during the fourth quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock worth $84,000 after buying an additional 276 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Moelis & Company by 1.0% in the fourth quarter. Verdence Capital Advisors LLC now owns 33,054 shares of the asset manager’s stock valued at $1,855,000 after buying an additional 340 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Moelis & Company by 5.9% during the fourth quarter. D.A. Davidson & CO. now owns 7,056 shares of the asset manager’s stock valued at $396,000 after buying an additional 390 shares during the period. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Company Profile

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.