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

Shares of Moelis & Company (NYSE:MC) have received a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $73.6250.

MC has been the topic of a number of analyst reports. Wall Street Zen raised Moelis & Company from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Moelis & Company in a report on Friday, August 21st. UBS Group restated a “sell” rating and issued a $60.00 price objective (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Zacks Research raised Moelis & Company from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley boosted their price objective on Moelis & Company from $83.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th.

Insider Activity

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

Hedge Funds Weigh In On Moelis & Company

A number of hedge funds have recently made changes to their positions in the business. Allied Private Wealth LLC acquired a new stake in shares of Moelis & Company during the 2nd quarter valued at about $25,000. Root Financial Partners LLC lifted its stake in Moelis & Company by 292.2% during the first quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock worth $26,000 after purchasing an additional 339 shares during the period. Hantz Financial Services Inc. lifted its stake in Moelis & Company by 64.4% during the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after purchasing an additional 163 shares during the period. Allworth Financial LP boosted its holdings in Moelis & Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 254 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in Moelis & Company by 89.5% during the second quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 282 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Trading Down 0.0%

Moelis & Company stock opened at $69.12 on Friday. Moelis & Company has a 1-year low of $51.06 and a 1-year high of $78.22. The firm’s fifty day simple moving average is $67.36 and its 200-day simple moving average is $64.40. The company has a market capitalization of $5.41 billion, a P/E ratio of 24.08, a P/E/G ratio of 0.91 and a beta of 1.84.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.01. Moelis & Company had a return on equity of 39.59% and a net margin of 14.50%.The company had revenue of $409.39 million for the quarter, compared to analyst estimates of $387.27 million. During the same period last year, the company earned $0.53 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts predict that Moelis & Company will post 3.09 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 17th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.65 per share. The ex-dividend date is Monday, August 10th. This represents a $2.60 annualized dividend and a dividend yield of 3.8%. Moelis & Company’s payout ratio is presently 90.59%.

Moelis & Company Company Profile

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.