Brokerages Set Moelis & Company (NYSE:MC) Price Target at $71.57

Moelis & Company (NYSE:MC) has earned an average recommendation of “Hold” from the eleven analysts that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $71.5714.

A number of research analysts recently commented on the stock. Zacks Research downgraded shares of Moelis & Company from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Moelis & Company in a research report on Monday, December 1st. Keefe, Bruyette & Woods dropped their price objective on Moelis & Company from $80.00 to $78.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. BMO Capital Markets began coverage on Moelis & Company in a research report on Friday, October 3rd. They set a “market perform” rating and a $74.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Moelis & Company in a report on Thursday, October 9th. They issued a “buy” rating and a $80.00 target price for the company.

Moelis & Company Price Performance

MC opened at $68.63 on Thursday. The business has a fifty day moving average price of $65.76 and a 200 day moving average price of $66.70. Moelis & Company has a 12 month low of $47.00 and a 12 month high of $82.89. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 0.73 and a beta of 1.90.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.11. The company had revenue of $356.89 million during the quarter, compared to the consensus estimate of $336.14 million. Moelis & Company had a net margin of 15.98% and a return on equity of 45.62%. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.22 earnings per share. On average, research analysts anticipate that Moelis & Company will post 2.97 earnings per share for the current year.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Monday, November 10th were paid a dividend of $0.65 per share. The ex-dividend date was Monday, November 10th. This represents a $2.60 annualized dividend and a dividend yield of 3.8%. Moelis & Company’s dividend payout ratio is 86.96%.

Institutional Trading of Moelis & Company

Several hedge funds have recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in shares of Moelis & Company by 89.8% in the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 184 shares in the last quarter. Allworth Financial LP grew its position in Moelis & Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock worth $30,000 after buying an additional 254 shares during the period. Quarry LP increased its holdings in Moelis & Company by 1,811.1% in the third quarter. Quarry LP now owns 516 shares of the asset manager’s stock valued at $37,000 after buying an additional 489 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Moelis & Company by 103.0% during the 3rd quarter. Global Retirement Partners LLC now owns 544 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 276 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Moelis & Company by 489.2% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 548 shares of the asset manager’s stock valued at $39,000 after acquiring an additional 455 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

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.