Moelis & Company (NYSE:MC) Receives $66.50 Average Price Target from Analysts

Moelis & Company (NYSE:MC) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $70.83.

Several research firms have recently issued reports on MC. Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods raised Moelis & Company from a “market perform” rating to an “outperform” rating and upped their price target for the company from $71.00 to $86.00 in a report on Friday. Wells Fargo & Company raised their price objective on shares of Moelis & Company from $70.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, UBS Group boosted their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th.

Moelis & Company Stock Performance

Shares of MC stock opened at $74.28 on Thursday. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $81.60. The company has a 50 day moving average price of $73.16 and a 200 day moving average price of $66.51. The stock has a market capitalization of $5.56 billion, a P/E ratio of 140.15 and a beta of 1.37.

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

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were given a dividend of $0.60 per share. The ex-dividend date was Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.23%. Moelis & Company’s payout ratio is 452.83%.

Institutional Trading of Moelis & Company

A number of institutional investors have recently bought and sold shares of MC. DGS Capital Management LLC acquired a new position in Moelis & Company during the third quarter worth about $202,000. Tidal Investments LLC purchased a new position in shares of Moelis & Company during the 3rd quarter worth approximately $1,290,000. Sanctuary Advisors LLC raised its position in shares of Moelis & Company by 25.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,214 shares of the asset manager’s stock worth $917,000 after purchasing an additional 2,463 shares during the last quarter. SkyView Investment Advisors LLC raised its position in shares of Moelis & Company by 2.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 14,166 shares of the asset manager’s stock worth $971,000 after purchasing an additional 300 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Moelis & Company in the 3rd quarter valued at approximately $633,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

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.