Moelis & Company (NYSE:MC) Given Average Rating of “Reduce” by Analysts

Moelis & Company (NYSE:MC) has earned a consensus rating of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $59.33.

Several brokerages have issued reports on MC. JPMorgan Chase & Co. upped their price objective on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. UBS Group raised their price objective on Moelis & Company from $47.00 to $50.00 and gave the stock a “sell” rating in a research note on Tuesday, July 9th. 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. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 target price (up from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. Finally, Morgan Stanley lifted their price target on shares of Moelis & Company from $61.00 to $67.00 and gave the company an “underweight” rating in a report on Monday, September 23rd.

Insider Transactions at Moelis & Company

In related news, Director Kenneth Shropshire sold 495 shares of Moelis & Company stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total value of $34,298.55. Following the sale, the director now directly owns 9,372 shares in the company, valued at $649,385.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Kenneth Shropshire sold 495 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $69.29, for a total value of $34,298.55. Following the sale, the director now directly owns 9,372 shares in the company, valued at $649,385.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Joseph Simon sold 6,723 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $64.00, for a total value of $430,272.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,526 shares of company stock worth $830,133. Insiders own 6.40% of the company’s stock.

Institutional Trading of Moelis & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in Moelis & Company by 63.5% during the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after acquiring an additional 193 shares during the period. Hexagon Capital Partners LLC lifted its stake in Moelis & Company by 147.9% during the first quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 392 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Moelis & Company by 510.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock worth $47,000 after buying an additional 699 shares in the last quarter. Headlands Technologies LLC acquired a new position in Moelis & Company in the second quarter worth approximately $113,000. Finally, nVerses Capital LLC increased its holdings in shares of Moelis & Company by 100.0% in the second quarter. nVerses Capital LLC now owns 3,000 shares of the asset manager’s stock valued at $171,000 after buying an additional 1,500 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Trading Up 3.4 %

Moelis & Company stock opened at $68.67 on Friday. The stock has a market cap of $5.14 billion, a P/E ratio of -361.42 and a beta of 1.33. The stock has a 50 day moving average of $65.77 and a 200-day moving average of $59.35. Moelis & Company has a 52 week low of $38.58 and a 52 week high of $71.34.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, July 24th. The asset manager reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.07. The company had revenue of $264.59 million during the quarter, compared to the consensus estimate of $227.90 million. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. During the same quarter in the previous year, the firm earned ($0.04) EPS. The company’s revenue was up 47.1% on a year-over-year basis. As a group, equities analysts predict that Moelis & Company will post 1.08 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Monday, August 5th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.49%. The ex-dividend date was Monday, August 5th. Moelis & Company’s dividend payout ratio (DPR) is -1,263.16%.

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.