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

Moelis & Company (NYSE:MC) has earned an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $71.8889.

A number of research firms have weighed in on MC. Morgan Stanley lowered their price objective on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. The Goldman Sachs Group lowered their price objective on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. UBS Group lowered their price objective on Moelis & Company from $59.00 to $58.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen lowered Moelis & Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Moelis & Company from $80.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th.

Hedge Funds Weigh In On Moelis & Company

Several large investors have recently modified their holdings of MC. Balyasny Asset Management L.P. acquired a new position in shares of Moelis & Company in the 4th quarter valued at $60,857,000. Norges Bank acquired a new position in shares of Moelis & Company in the 4th quarter valued at $42,919,000. The Manufacturers Life Insurance Company lifted its stake in shares of Moelis & Company by 1,161.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 661,594 shares of the asset manager’s stock valued at $41,231,000 after purchasing an additional 609,162 shares during the last quarter. Madison Asset Management LLC lifted its stake in shares of Moelis & Company by 45.6% in the 1st quarter. Madison Asset Management LLC now owns 1,773,735 shares of the asset manager’s stock valued at $101,103,000 after purchasing an additional 555,557 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in shares of Moelis & Company by 16.1% in the 3rd quarter. Wasatch Advisors LP now owns 3,304,180 shares of the asset manager’s stock valued at $235,654,000 after purchasing an additional 458,575 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Price Performance

Shares of NYSE:MC opened at $69.13 on Thursday. The business’s 50 day moving average price is $63.10 and its 200-day moving average price is $65.48. The firm has a market capitalization of $5.43 billion, a PE ratio of 24.87, a P/E/G ratio of 0.81 and a beta of 1.85. Moelis & Company has a 1 year low of $51.06 and a 1 year high of $78.22.

Moelis & Company (NYSE:MC) last issued its quarterly 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 firm 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 business’s revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, analysts expect that Moelis & Company will post 3.17 earnings per share for the current year.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Monday, May 11th will be paid a dividend of $0.65 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a yield of 3.8%. 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.