Moelis & Company (MC) – What Are Analysts Thinking About This Stock?

Moelis & Company (NYSE:MC) has earned a consensus rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $71.00.

A number of research firms have recently issued reports on MC. The Goldman Sachs Group reduced their price target on shares of Moelis & Company from $71.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, October 1st. UBS Group upgraded Moelis & Company from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $60.00 to $59.00 in a research note on Wednesday, October 7th. Weiss Ratings downgraded shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 16th. Wall Street Zen raised shares of Moelis & Company from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Morgan Stanley cut their price target on shares of Moelis & Company from $85.00 to $77.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th.

Moelis & Company Stock Down 1.0%

Moelis & Company stock opened at $54.52 on Friday. The firm has a market capitalization of $4.27 billion, a price-to-earnings ratio of 19.00, a PEG ratio of 2.30 and a beta of 1.91. Moelis & Company has a 52-week low of $51.06 and a 52-week high of $78.22. The company has a fifty day simple moving average of $61.23 and a 200-day simple moving average of $64.64.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, July 29th. The asset manager reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. Moelis & Company had a return on equity of 39.59% and a net margin of 14.50%. The firm had revenue of $409.39 million for the quarter, compared to the consensus estimate of $387.27 million. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. On average, research analysts anticipate that Moelis & Company will post 3.00 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 10th were given a $0.65 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.8%. Moelis & Company’s dividend payout ratio is 90.59%.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, General Counsel Osamu Watanabe sold 4,850 shares of Moelis & Company stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $69.30, for a total value of $336,105.00. Following the transaction, the general counsel directly owned 131 shares in the company, valued at approximately $9,078.30. The trade was a 97.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth Shropshire sold 1,881 shares of Moelis & Company stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $69.06, for a total value of $129,901.86. Following the completion of the transaction, the director owned 7,633 shares in the company, valued at $527,134.98. This trade represents a 19.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 6.29% of the company’s stock.

Hedge Funds Weigh In On Moelis & Company

Several hedge funds have recently added to or reduced their stakes in the business. Madison Asset Management LLC acquired a new stake in shares of Moelis & Company during the second quarter worth $109,065,000. Junto Capital Management LP purchased a new stake in shares of Moelis & Company during the second quarter worth about $31,529,000. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of Moelis & Company in the first quarter worth $21,701,000. Wasatch Advisors LP raised its position in shares of Moelis & Company by 9.0% during the 1st quarter. Wasatch Advisors LP now owns 3,742,624 shares of the asset manager’s stock valued at $213,330,000 after acquiring an additional 310,001 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Moelis & Company in the first quarter worth $15,615,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Company Profile

Moelis & Company (NYSE: MC) is an independent global investment bank that provides strategic and financial advisory services to corporations, financial sponsors, governments and other institutions. Its advisory platform focuses on mergers and acquisitions, recapitalizations, restructurings, capital raising and other complex corporate finance matters.

The firm advises clients across a range of industries, including technology, media and telecommunications; financial services; consumer and retail; energy and infrastructure; healthcare; and industrials.