Moelis & Company (MC) – What Are Brokerages Saying About This Stock?

Moelis & Company (NYSE:MC) has received an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $68.83.

MC has been the topic of several research analyst reports. UBS Group raised shares of Moelis & Company from a “sell” rating to a “neutral” rating and cut their target price for the stock from $60.00 to $59.00 in a research note on Wednesday, October 7th. Keefe, Bruyette & Woods raised shares of Moelis & Company from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, October 7th. Morgan Stanley dropped their price objective on shares of Moelis & Company from $85.00 to $77.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Weiss Ratings cut shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 16th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Moelis & Company from $70.00 to $68.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 27th.

Moelis & Company Stock Performance

Shares of MC opened at $58.65 on Friday. Moelis & Company has a 52-week low of $51.06 and a 52-week high of $78.22. The business’s 50 day moving average price is $60.23 and its two-hundred day moving average price is $64.09. The firm has a market cap of $4.59 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 2.46 and a beta of 1.91.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, July 29th. The asset manager reported $0.63 EPS for the quarter, topping the consensus estimate of $0.62 by $0.01. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. The company had revenue of $409.39 million during the quarter, compared to the consensus estimate of $387.27 million. During the same quarter last year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts predict that Moelis & Company will post 3.01 EPS for the current fiscal year.

Insider Transactions at Moelis & Company

In related news, Director Kenneth Shropshire sold 1,881 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $69.06, for a total transaction of $129,901.86. Following the transaction, the director directly owned 7,633 shares of the company’s stock, valued at approximately $527,134.98. This represents a 19.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Osamu 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 value of $336,105.00. Following the completion of the transaction, the general counsel owned 131 shares in the company, valued at approximately $9,078.30. The trade was a 97.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.29% of the company’s stock.

Hedge Funds Weigh In On Moelis & Company

A number of institutional investors have recently modified their holdings of MC. Wasatch Advisors LP lifted its position in Moelis & Company by 9.0% in the 1st quarter. Wasatch Advisors LP now owns 3,742,624 shares of the asset manager’s stock valued at $213,330,000 after acquiring an additional 310,001 shares in the last quarter. Madison Asset Management LLC boosted its stake in Moelis & Company by 45.6% during the 1st quarter. Madison Asset Management LLC now owns 1,773,735 shares of the asset manager’s stock valued at $101,103,000 after purchasing an additional 555,557 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Moelis & Company by 5.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,277,774 shares of the asset manager’s stock valued at $72,825,000 after purchasing an additional 61,130 shares during the last quarter. Bank of America Corp DE increased its holdings in Moelis & Company by 0.9% during the 1st quarter. Bank of America Corp DE now owns 693,812 shares of the asset manager’s stock worth $39,547,000 after purchasing an additional 6,112 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Moelis & Company by 43.1% during the 1st quarter. Royal Bank of Canada now owns 649,724 shares of the asset manager’s stock worth $37,035,000 after purchasing an additional 195,752 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

About Moelis & Company

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. Its advisory platform focuses on mergers and acquisitions, recapitalizations, restructurings, capital raising and other complex corporate finance matters.

The firm advises clients across a range of industries, including technology, media and telecommunications; financial services; consumer and retail; energy and infrastructure; healthcare; and industrials.