FY2024 EPS Forecast for Moelis & Company Raised by Analyst

Moelis & Company (NYSE:MC) – Stock analysts at Seaport Res Ptn upped their FY2024 earnings estimates for Moelis & Company in a research report issued on Thursday, October 24th. Seaport Res Ptn analyst J. Mitchell now forecasts that the asset manager will post earnings of $1.02 per share for the year, up from their prior forecast of $1.00. The consensus estimate for Moelis & Company’s current full-year earnings is $0.98 per share. Seaport Res Ptn also issued estimates for Moelis & Company’s Q1 2025 earnings at $0.33 EPS, Q2 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.71 EPS and FY2026 earnings at $3.05 EPS.

MC has been the topic of a number of other reports. Wells Fargo & Company started coverage on shares of Moelis & Company in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $60.00 target price (up from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. UBS Group upped their price target on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. increased their price target on Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Finally, Morgan Stanley cut their price objective on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Moelis & Company currently has a consensus rating of “Hold” and a consensus price target of $60.83.

Moelis & Company Trading Down 1.6 %

Shares of NYSE:MC opened at $65.89 on Monday. Moelis & Company has a 12-month low of $39.08 and a 12-month high of $72.80. The business has a 50 day moving average of $67.53 and a two-hundred day moving average of $60.76. The company has a market capitalization of $4.93 billion, a PE ratio of -346.79 and a beta of 1.33.

Moelis & Company (NYSE:MC) last released its quarterly earnings data 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. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. The business had revenue of $273.76 million during the quarter, compared to analyst estimates of $273.58 million. During the same quarter last year, the business posted ($0.15) EPS. The company’s revenue was up .6% on a year-over-year basis.

Institutional Trading of Moelis & Company

Several large investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new stake in shares of Moelis & Company during the 3rd quarter valued at approximately $49,017,000. Natixis Advisors LLC raised its position in Moelis & Company by 179.2% in the second quarter. Natixis Advisors LLC now owns 708,140 shares of the asset manager’s stock valued at $40,265,000 after purchasing an additional 454,478 shares during the period. Wasatch Advisors LP lifted its stake in shares of Moelis & Company by 4.9% in the 1st quarter. Wasatch Advisors LP now owns 3,417,643 shares of the asset manager’s stock valued at $194,020,000 after purchasing an additional 159,797 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Moelis & Company during the 1st quarter worth $5,062,000. Finally, Hsbc Holdings PLC increased its position in shares of Moelis & Company by 40.7% during the 2nd quarter. Hsbc Holdings PLC now owns 246,655 shares of the asset manager’s stock worth $14,113,000 after purchasing an additional 71,372 shares during the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, CEO Kenneth Moelis sold 5,308 shares of Moelis & Company stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total transaction of $365,561.96. Following the sale, the chief executive officer now owns 86 shares of the company’s stock, valued at $5,922.82. The trade was 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 other news, Director Kenneth Shropshire sold 495 shares of the company’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 completion of the sale, the director now directly owns 9,372 shares in the company, valued at $649,385.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Kenneth Moelis sold 5,308 shares of Moelis & Company stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total value of $365,561.96. Following the transaction, the chief executive officer now owns 86 shares in the company, valued at approximately $5,922.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by insiders.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, November 4th. Moelis & Company’s dividend payout ratio is currently -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.