Moelis & Company (NYSE:MC) Receives $60.83 Average Target Price from Brokerages

Moelis & Company (NYSE:MC) has been given an average rating of “Reduce” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $60.83.

Several research firms have recently weighed in on MC. Wells Fargo & Company assumed coverage on Moelis & Company in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective on the stock. Morgan Stanley decreased their price objective on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a research note on Thursday, October 24th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $60.00 target price (up previously from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. UBS Group upped their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. raised their price objective on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th.

Hedge Funds Weigh In On Moelis & Company

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atria Investments Inc increased its holdings in Moelis & Company by 4.6% during the 3rd quarter. Atria Investments Inc now owns 25,197 shares of the asset manager’s stock worth $1,726,000 after purchasing an additional 1,107 shares during the last quarter. Emerald Advisers LLC grew its position in shares of Moelis & Company by 1.3% during the third quarter. Emerald Advisers LLC now owns 440,330 shares of the asset manager’s stock worth $30,167,000 after buying an additional 5,844 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Moelis & Company by 15.6% in the third quarter. Harbor Capital Advisors Inc. now owns 20,985 shares of the asset manager’s stock worth $1,438,000 after buying an additional 2,826 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Moelis & Company in the third quarter valued at $26,000. Finally, O ROURKE & COMPANY Inc boosted its stake in Moelis & Company by 4.7% during the 3rd quarter. O ROURKE & COMPANY Inc now owns 6,489 shares of the asset manager’s stock valued at $445,000 after acquiring an additional 294 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Stock Up 0.8 %

NYSE:MC opened at $66.93 on Wednesday. The company has a market cap of $5.01 billion, a P/E ratio of 126.60 and a beta of 1.33. The firm’s 50 day moving average is $67.74 and its two-hundred day moving average is $61.04. Moelis & Company has a fifty-two week low of $40.68 and a fifty-two week high of $72.80.

Moelis & Company (NYSE:MC) last issued 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. 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 for the quarter, compared to analysts’ expectations of $273.58 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Research analysts forecast that Moelis & Company will post 0.97 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Monday, November 4th. Moelis & Company’s dividend payout ratio (DPR) 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.