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

Moelis & Company (NYSE:MC) has received an average rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $73.3750.

MC has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Friday, July 10th. Morgan Stanley dropped their price target on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Zacks Research raised Moelis & Company from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Wall Street Zen cut Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings downgraded Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th.

Hedge Funds Weigh In On Moelis & Company

Several institutional investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP increased its holdings in Moelis & Company by 9.0% during the first quarter. Wasatch Advisors LP now owns 3,742,624 shares of the asset manager’s stock worth $213,330,000 after buying an additional 310,001 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Moelis & Company by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,194,479 shares of the asset manager’s stock valued at $219,588,000 after acquiring an additional 66,697 shares during the last quarter. State Street Corp boosted its stake in Moelis & Company by 3.2% in the second quarter. State Street Corp now owns 2,862,337 shares of the asset manager’s stock valued at $178,381,000 after acquiring an additional 89,143 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Moelis & Company by 6.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,396,230 shares of the asset manager’s stock valued at $149,333,000 after acquiring an additional 135,885 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Moelis & Company by 5.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,876,472 shares of the asset manager’s stock valued at $128,989,000 after acquiring an additional 89,365 shares during the period. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Stock Performance

Shares of MC stock opened at $69.22 on Friday. Moelis & Company has a 52-week low of $51.06 and a 52-week high of $78.22. The company has a 50-day simple moving average of $66.64 and a two-hundred day simple moving average of $65.68. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 0.90 and a beta of 1.85.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The firm had revenue of $319.78 million during the quarter, compared to analysts’ expectations of $321.51 million. During the same quarter last year, the business posted $0.64 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, sell-side analysts forecast that Moelis & Company will post 3.14 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, May 11th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, May 11th. Moelis & Company’s payout ratio is 93.53%.

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.