Brokerages Set Moelis & Company (NYSE:MC) Price Target at $71.89

Shares of Moelis & Company (NYSE:MC) have received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $71.8889.

MC has been the topic of a number of recent research reports. Zacks Research lowered Moelis & Company from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Wall Street Zen lowered Moelis & Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Morgan Stanley lowered their target price 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 target price 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. Finally, UBS Group lowered their target price 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.

Hedge Funds Weigh In On Moelis & Company

Large investors have recently made changes to their positions in the company. Root Financial Partners LLC increased its stake in shares of Moelis & Company by 292.2% during the first quarter. Root Financial Partners LLC now owns 455 shares of the asset manager’s stock worth $26,000 after purchasing an additional 339 shares during the period. V Square Quantitative Management LLC bought a new position in Moelis & Company during the 4th quarter worth $27,000. Hantz Financial Services Inc. increased its stake in Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after acquiring an additional 163 shares during the period. Allworth Financial LP increased its stake in Moelis & Company by 153.9% during the 3rd quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock worth $30,000 after acquiring an additional 254 shares during the period. Finally, eCIO Inc. bought a new position in Moelis & Company during the 4th quarter worth $33,000. Institutional investors own 91.53% of the company’s stock.

Moelis & Company Stock Up 0.5%

NYSE:MC opened at $64.79 on Monday. The stock’s 50 day moving average price is $66.66 and its two-hundred day moving average price is $66.00. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 0.77 and a beta of 1.85. Moelis & Company has a 12-month low of $51.06 and a 12-month high of $78.22.

Moelis & Company (NYSE:MC) last released its quarterly earnings data on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.09). The business had revenue of $319.78 million during the quarter, compared to the consensus estimate of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. Moelis & Company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Equities research analysts expect that Moelis & Company will post 3.17 EPS for the current year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, May 11th were paid a dividend of $0.65 per share. The ex-dividend date was Monday, May 11th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.0%. Moelis & Company’s dividend payout ratio (DPR) 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.