Moelis & Company (NYSE:MC) Receives Consensus Rating of “Hold” from Analysts

Moelis & Company (NYSE:MC) has received an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $66.50.

MC has been the topic of a number of recent research reports. Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and increased their target price for the company from $66.00 to $92.00 in a report on Monday, December 9th. Wells Fargo & Company increased their price objective on shares of Moelis & Company from $70.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Finally, UBS Group raised their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th.

Hedge Funds Weigh In On Moelis & Company

Several large investors have recently added to or reduced their stakes in MC. Reston Wealth Management LLC purchased a new position in shares of Moelis & Company in the third quarter valued at about $26,000. UMB Bank n.a. raised its stake in Moelis & Company by 63.5% during the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 193 shares during the period. GAMMA Investing LLC lifted its holdings in Moelis & Company by 115.8% in the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after purchasing an additional 534 shares in the last quarter. Blue Trust Inc. lifted its holdings in Moelis & Company by 193.0% in the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock worth $74,000 after purchasing an additional 712 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Moelis & Company in the 3rd quarter worth approximately $75,000. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Moelis & Company Stock Down 4.6 %

MC opened at $70.99 on Thursday. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 133.94 and a beta of 1.37. The firm has a 50 day moving average price of $72.80 and a 200-day moving average price of $66.01. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $81.60.

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

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Monday, November 4th. Moelis & Company’s payout ratio is 452.83%.

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.