Moelis & Company (NYSE:MC) Stock Has Average Price Target of $73.62

Shares of Moelis & Company (NYSE:MC) have been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $73.62.

MC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their target price on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Friday, July 10th. Morgan Stanley increased their price objective on shares of Moelis & Company from $83.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, July 30th. The Goldman Sachs Group dropped their price objective on shares of Moelis & Company from $71.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday. Wall Street Zen upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Moelis & Company in a report on Friday, August 21st.

Moelis & Company Trading Down 1.2%

NYSE:MC opened at $56.27 on Wednesday. The company has a 50-day moving average price of $64.89 and a 200-day moving average price of $64.59. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 19.61, a P/E/G ratio of 0.75 and a beta of 1.91. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, July 29th. The asset manager reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The business had revenue of $409.39 million during the quarter, compared to the consensus estimate of $387.27 million. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Equities analysts forecast that Moelis & Company will post 3.09 EPS for the current fiscal year.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 17th. Investors of record on Monday, August 10th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, August 10th. Moelis & Company’s dividend payout ratio (DPR) is currently 90.59%.

Insiders Place Their Bets

In other news, General Counsel Osamu Watanabe sold 4,850 shares of Moelis & Company stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $69.30, for a total transaction of $336,105.00. Following the transaction, the general counsel directly owned 131 shares of the company’s stock, valued at $9,078.30. The trade was a 97.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenneth Shropshire sold 1,881 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $69.06, for a total value of $129,901.86. Following the transaction, the director owned 7,633 shares of the company’s stock, valued at approximately $527,134.98. This trade represents a 19.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 6.29% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Moelis & Company

A number of institutional investors have recently bought and sold shares of MC. GAMMA Investing LLC boosted its position in Moelis & Company by 11.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,489 shares of the asset manager’s stock valued at $97,000 after buying an additional 153 shares during the period. Hantz Financial Services Inc. boosted its stake in Moelis & Company by 64.4% in the fourth quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after acquiring an additional 163 shares in the last quarter. GW Henssler & Associates Ltd. grew its holdings in Moelis & Company by 5.6% in the fourth quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager’s stock worth $236,000 after purchasing an additional 181 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in Moelis & Company by 8.0% in the second quarter. Central Pacific Bank Trust Division now owns 2,690 shares of the asset manager’s stock worth $176,000 after purchasing an additional 200 shares during the last quarter. Finally, Diversify Wealth Management LLC increased its position in shares of Moelis & Company by 0.3% in the 1st quarter. Diversify Wealth Management LLC now owns 95,168 shares of the asset manager’s stock valued at $5,425,000 after acquiring an additional 238 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Moelis & Company Company Profile

Moelis & Company (NYSE:MC) is an independent global investment bank that provides strategic and financial advisory services to corporations, financial sponsors, governments and other institutions. The firm advises clients on mergers and acquisitions, divestitures, recapitalizations, restructurings, liability management, capital raising and other complex financial transactions.

Moelis & Company serves clients across a range of industries, including technology, media and telecommunications; consumer and retail; energy and infrastructure; financial services; healthcare; industrials; and real estate.