Moelis & Company (NYSE:MC) Downgraded by Keefe, Bruyette & Woods to “Market Perform”

Moelis & Company (NYSE:MC) was downgraded by research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday,Finviz reports. They presently have a $80.00 price target on the asset manager’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 15.22% from the stock’s current price.

A number of other brokerages have also recently weighed in on MC. Weiss Ratings reiterated a “hold (c+)” rating on shares of Moelis & Company in a research note on Monday, December 8th. BMO Capital Markets assumed coverage on shares of Moelis & Company in a report on Friday, October 3rd. They issued a “market perform” rating and a $74.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on Moelis & Company in a research report on Thursday, October 9th. They set a “buy” rating and a $80.00 price objective for the company. UBS Group initiated coverage on Moelis & Company in a research note on Thursday, December 11th. They issued a “neutral” rating and a $70.00 target price on the stock. Finally, Seaport Res Ptn upgraded Moelis & Company from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $71.63.

Moelis & Company Trading Down 0.5%

Shares of NYSE:MC opened at $69.43 on Tuesday. The firm has a 50 day simple moving average of $65.78 and a 200-day simple moving average of $67.30. The company has a market capitalization of $5.44 billion, a PE ratio of 23.22, a P/E/G ratio of 0.74 and a beta of 1.90. Moelis & Company has a twelve month low of $47.00 and a twelve month high of $82.89.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Moelis & Company had a net margin of 15.98% and a return on equity of 45.62%. The firm had revenue of $356.89 million during the quarter, compared to analysts’ expectations of $336.14 million. During the same period in the previous year, the company earned $0.22 earnings per share. Moelis & Company’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, equities research analysts predict that Moelis & Company will post 2.97 EPS for the current fiscal year.

Institutional Trading of Moelis & Company

A number of institutional investors have recently modified their holdings of MC. Impact Capital Partners LLC grew its holdings in Moelis & Company by 1.2% during the third quarter. Impact Capital Partners LLC now owns 12,000 shares of the asset manager’s stock worth $856,000 after acquiring an additional 147 shares during the period. Moran Wealth Management LLC lifted its holdings in Moelis & Company by 0.4% in the third quarter. Moran Wealth Management LLC now owns 37,988 shares of the asset manager’s stock valued at $2,709,000 after acquiring an additional 156 shares during the period. Private Trust Co. NA boosted its position in shares of Moelis & Company by 44.0% during the 3rd quarter. Private Trust Co. NA now owns 599 shares of the asset manager’s stock worth $43,000 after purchasing an additional 183 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Moelis & Company by 89.8% during the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock worth $28,000 after purchasing an additional 184 shares during the period. Finally, Fulton Bank N.A. grew its stake in shares of Moelis & Company by 2.9% during the 2nd quarter. Fulton Bank N.A. now owns 6,581 shares of the asset manager’s stock worth $410,000 after purchasing an additional 188 shares during the period. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

About Moelis & Company

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.