Analysts Set Moelis & Company (NYSE:MC) PT at $59.33

Moelis & Company (NYSE:MC) has earned an average rating of “Reduce” from the seven analysts that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and five have issued a hold recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $61.00.

Several equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $60.00 price target (up previously from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. Wells Fargo & Company started coverage on shares of Moelis & Company in a research report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 target price for the company. UBS Group lifted their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Morgan Stanley boosted their target price on Moelis & Company from $61.00 to $67.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd.

Insiders Place Their Bets

In related news, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total value of $34,298.55. Following the completion of the transaction, the director now directly owns 9,372 shares in the company, valued at approximately $649,385.88. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Moelis & Company news, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $69.29, for a total value of $34,298.55. Following the completion of the sale, the director now owns 9,372 shares of the company’s stock, valued at $649,385.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kenneth Moelis sold 5,308 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total transaction of $365,561.96. Following the transaction, the chief executive officer now owns 86 shares in the company, valued at $5,922.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,526 shares of company stock valued at $830,133 in the last quarter. Corporate insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Moelis & Company

Institutional investors have recently bought and sold shares of the stock. US Bancorp DE increased its stake in shares of Moelis & Company by 24.2% in the fourth quarter. US Bancorp DE now owns 11,231 shares of the asset manager’s stock worth $630,000 after buying an additional 2,189 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Moelis & Company by 11.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,374,385 shares of the asset manager’s stock valued at $189,404,000 after acquiring an additional 334,620 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Moelis & Company by 3.7% during the fourth quarter. Gabelli Funds LLC now owns 26,550 shares of the asset manager’s stock valued at $1,490,000 after acquiring an additional 950 shares during the last quarter. Azora Capital LP purchased a new stake in shares of Moelis & Company during the fourth quarter worth about $10,601,000. Finally, Bridgefront Capital LLC bought a new stake in shares of Moelis & Company in the fourth quarter worth about $638,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Price Performance

MC stock opened at $67.22 on Friday. The firm has a market capitalization of $5.03 billion, a PE ratio of -353.79 and a beta of 1.33. Moelis & Company has a twelve month low of $38.58 and a twelve month high of $71.34. The stock’s 50 day moving average is $65.70 and its 200-day moving average is $59.61.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. The company had revenue of $264.59 million during the quarter, compared to the consensus estimate of $227.90 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 47.1% on a year-over-year basis. On average, equities research analysts anticipate that Moelis & Company will post 1.08 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Monday, August 5th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Monday, August 5th. Moelis & Company’s dividend payout ratio (DPR) is -1,263.16%.

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.