Analysts Set Moelis & Company (NYSE:MC) PT at $72.00

Moelis & Company (NYSE:MC) has received an average rating of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $72.00.

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of Moelis & Company in a report on Thursday, October 9th. They set a “buy” rating and a $80.00 target price on the stock. Morgan Stanley lifted their price target on shares of Moelis & Company from $86.00 to $89.00 and gave the company an “overweight” rating in a research report on Tuesday, January 6th. UBS Group upped their price objective on shares of Moelis & Company from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Zacks Research downgraded shares of Moelis & Company from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lowered shares of Moelis & Company from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $78.00 to $80.00 in a report on Tuesday, December 16th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MC. Integrated Wealth Concepts LLC grew its holdings in shares of Moelis & Company by 9.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager’s stock valued at $280,000 after buying an additional 432 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Moelis & Company by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,080 shares of the asset manager’s stock valued at $2,456,000 after acquiring an additional 1,839 shares in the last quarter. United Services Automobile Association purchased a new stake in Moelis & Company during the 1st quarter valued at $264,000. Empowered Funds LLC boosted its stake in Moelis & Company by 37.6% during the 1st quarter. Empowered Funds LLC now owns 42,828 shares of the asset manager’s stock valued at $2,499,000 after purchasing an additional 11,692 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of Moelis & Company by 13.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 44,201 shares of the asset manager’s stock worth $2,754,000 after purchasing an additional 5,089 shares in the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Stock Performance

Shares of NYSE:MC opened at $73.58 on Friday. The firm has a market capitalization of $5.76 billion, a P/E ratio of 24.61, a P/E/G ratio of 0.59 and a beta of 1.85. The stock has a 50 day moving average price of $69.73 and a 200-day moving average price of $69.88. Moelis & Company has a 52-week low of $47.00 and a 52-week high of $82.89.

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

Moelis & Company Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 10th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, November 10th. Moelis & Company’s payout ratio is currently 86.96%.

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.