Analysts Set Moelis & Company (NYSE:MC) PT at $45.29

Moelis & Company (NYSE:MC) has been given an average rating of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $46.88.

A number of research firms have recently weighed in on MC. Piper Sandler increased their target price on shares of Moelis & Company from $58.00 to $68.00 in a research report on Tuesday, March 16th. Zacks Investment Research downgraded shares of Moelis & Company from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research report on Wednesday. Morgan Stanley raised their price objective on shares of Moelis & Company from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 7th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a report on Thursday, April 15th.

MC stock traded up $0.42 during trading on Tuesday, reaching $54.40. The stock had a trading volume of 646 shares, compared to its average volume of 435,625. Moelis & Company has a one year low of $28.28 and a one year high of $59.63. The stock has a 50 day moving average price of $54.13. The stock has a market cap of $3.48 billion, a P/E ratio of 15.83 and a beta of 1.23.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, April 28th. The asset manager reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.15. Moelis & Company had a net margin of 20.91% and a return on equity of 56.19%. The firm had revenue of $263.87 million during the quarter, compared to the consensus estimate of $241.32 million. During the same period in the prior year, the firm earned $0.45 EPS. The company’s revenue was up 71.7% compared to the same quarter last year. Equities research analysts predict that Moelis & Company will post 3.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 18th. Shareholders of record on Monday, May 10th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 4.04%. The ex-dividend date was Friday, May 7th. Moelis & Company’s dividend payout ratio is presently 75.60%.

In other news, COO Elizabeth Crain sold 6,692 shares of the firm’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $55.50, for a total transaction of $371,406.00. Following the sale, the chief operating officer now owns 13,383 shares in the company, valued at approximately $742,756.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Kenneth Moelis sold 10,466 shares of the firm’s stock in a transaction on Wednesday, April 28th. The shares were sold at an average price of $57.04, for a total transaction of $596,980.64. The disclosure for this sale can be found here. Insiders sold a total of 443,265 shares of company stock worth $24,994,325 over the last quarter. Corporate insiders own 8.46% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. bought a new position in shares of Moelis & Company during the 1st quarter valued at $37,000. Maverick Capital Ltd. bought a new position in shares of Moelis & Company during the 1st quarter valued at $53,000. Eaton Vance Management bought a new position in shares of Moelis & Company during the 1st quarter valued at $67,000. Fieldpoint Private Securities LLC bought a new position in shares of Moelis & Company during the 1st quarter valued at $68,000. Finally, Graves Light Private Wealth Management Inc. bought a new position in shares of Moelis & Company during the 4th quarter valued at $63,000. Hedge funds and other institutional investors own 89.04% of the company’s stock.

Moelis & Company Company Profile

Moelis & Company operates as an investment banking advisory firm in the United States, Europe, and internationally. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, and governments.

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Analyst Recommendations for Moelis & Company (NYSE:MC)

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