Moelis & Company (NYSE:MC) Receives Average Rating of “Hold” from Analysts

Shares of Moelis & Company (NYSE:MC) have been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $73.3750.

MC has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price target on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. UBS Group reissued a “sell” rating and set a $60.00 price objective (up from $58.00) on shares of Moelis & Company in a report on Wednesday, July 8th. Morgan Stanley reduced their target price on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings lowered shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Finally, Zacks Research raised shares of Moelis & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th.

Hedge Funds Weigh In On Moelis & Company

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its position in Moelis & Company by 9.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager’s stock worth $280,000 after buying an additional 432 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Moelis & Company by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,080 shares of the asset manager’s stock worth $2,456,000 after acquiring an additional 1,839 shares during the last quarter. United Services Automobile Association acquired a new stake in Moelis & Company in the 1st quarter valued at about $264,000. Empowered Funds LLC increased its position in Moelis & Company by 37.6% in the 1st quarter. Empowered Funds LLC now owns 42,828 shares of the asset manager’s stock valued at $2,499,000 after acquiring an additional 11,692 shares in the last quarter. Finally, Creative Planning increased its position in Moelis & Company by 14.2% in the 2nd quarter. Creative Planning now owns 6,639 shares of the asset manager’s stock valued at $414,000 after acquiring an additional 827 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Trading Down 0.3%

MC stock opened at $65.63 on Friday. Moelis & Company has a 1-year low of $51.06 and a 1-year high of $78.22. The firm has a market cap of $5.16 billion, a P/E ratio of 23.61, a P/E/G ratio of 0.83 and a beta of 1.85. The business’s 50 day moving average is $66.88 and its 200-day moving average is $65.56.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). The company had revenue of $319.78 million during the quarter, compared to analyst estimates of $321.51 million. Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.64 earnings per share. Sell-side analysts forecast that Moelis & Company will post 3.17 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, May 11th were paid a $0.65 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.0%. Moelis & Company’s payout ratio is 93.53%.

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.