Moelis & Company (NYSE:MC) Receives $76.33 Average Target Price from Analysts

Moelis & Company (NYSE:MC) has received a consensus rating of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $76.3333.

A number of equities research analysts recently commented on MC shares. JPMorgan Chase & Co. boosted their target price on Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Morgan Stanley upped their price objective on Moelis & Company from $89.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Bank of America initiated coverage on Moelis & Company in a report on Monday, January 26th. They issued a “neutral” rating and a $81.00 price target on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Moelis & Company in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods cut shares of Moelis & Company from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $78.00 to $80.00 in a research report on Tuesday, December 16th.

Moelis & Company Trading Down 2.0%

NYSE:MC opened at $62.62 on Tuesday. The stock has a 50-day moving average price of $71.51 and a 200 day moving average price of $69.77. The stock has a market capitalization of $4.90 billion, a P/E ratio of 21.30, a P/E/G ratio of 0.69 and a beta of 1.87. Moelis & Company has a 12-month low of $47.00 and a 12-month high of $78.22.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, February 4th. The asset manager reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.37. Moelis & Company had a net margin of 15.36% and a return on equity of 43.19%. The business had revenue of $487.94 million during the quarter, compared to analyst estimates of $430.17 million. During the same period last year, the firm posted $1.18 EPS. The company’s revenue was up 11.2% on a year-over-year basis. On average, research analysts predict that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, February 17th will be paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 4.2%. The ex-dividend date is Tuesday, February 17th. Moelis & Company’s payout ratio is 88.44%.

Institutional Investors Weigh In On Moelis & Company

Institutional investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its stake 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 purchasing an additional 1,839 shares during the last quarter. United Services Automobile Association acquired a new stake in Moelis & Company in the 1st quarter worth approximately $264,000. Empowered Funds LLC boosted its stake in Moelis & Company by 37.6% in the 1st quarter. Empowered Funds LLC now owns 42,828 shares of the asset manager’s stock worth $2,499,000 after purchasing an additional 11,692 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its holdings in shares of Moelis & Company by 32.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,274 shares of the asset manager’s stock worth $765,000 after buying an additional 3,019 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors and hedge funds.

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.