Moelis & Company (NYSE:MC) Stock Rating Upgraded by UBS Group

Moelis & Company (NYSE:MC) was upgraded by UBS Group from a “sell” rating to a “neutral” rating in a report issued on Wednesday, MarketBeat reports. The brokerage presently has a $59.00 target price on the asset manager’s stock. UBS Group’s price target would indicate a potential upside of 5.23% from the company’s previous close.

A number of other research analysts also recently commented on MC. The Goldman Sachs Group reduced their price target on Moelis & Company from $71.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, October 1st. Wall Street Zen upgraded Moelis & Company from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Keefe, Bruyette & Woods cut their price objective on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a research report on Friday, July 10th. Weiss Ratings upgraded Moelis & Company from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday. Finally, Morgan Stanley increased their price objective on shares of Moelis & Company from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.43.

Moelis & Company Stock Up 0.0%

MC opened at $56.07 on Wednesday. Moelis & Company has a 52-week low of $51.06 and a 52-week high of $78.22. The company has a 50 day moving average of $64.41 and a two-hundred day moving average of $64.72. The company has a market cap of $4.39 billion, a P/E ratio of 19.54, a P/E/G ratio of 0.73 and a beta of 1.91.

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

Insider Buying and Selling at Moelis & Company

In other news, Director Kenneth Shropshire sold 1,881 shares of the 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 completion of the sale, the director directly owned 7,633 shares of the company’s stock, valued at $527,134.98. This represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Osamu R. Watanabe sold 4,850 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $69.30, for a total transaction of $336,105.00. Following the completion of the sale, the general counsel owned 131 shares of the company’s stock, valued at approximately $9,078.30. The trade was a 97.37% decrease in their position. The SEC filing for this sale provides additional information. 6.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Moelis & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Moelis & Company by 11.5% during the 2nd quarter. GAMMA Investing LLC now owns 1,489 shares of the asset manager’s stock worth $97,000 after purchasing an additional 153 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in Moelis & Company by 8.0% in the 2nd quarter. Central Pacific Bank Trust Division now owns 2,690 shares of the asset manager’s stock valued at $176,000 after purchasing an additional 200 shares during the last quarter. Diversify Wealth Management LLC grew its holdings in Moelis & Company by 0.3% during the first quarter. Diversify Wealth Management LLC now owns 95,168 shares of the asset manager’s stock worth $5,425,000 after purchasing an additional 238 shares during the period. Campbell Newman Asset Management Inc. grew its holdings in Moelis & Company by 1.8% during the first quarter. Campbell Newman Asset Management Inc. now owns 16,861 shares of the asset manager’s stock worth $961,000 after purchasing an additional 296 shares during the period. Finally, Root Financial Partners LLC grew its holdings in 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. 91.53% of the stock is owned by hedge funds and other institutional investors.

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.