Moelis & Company (NYSE:MC) had its price target increased by Bank of America Corporation from $43.00 to $45.00 in a research note issued to investors on Tuesday. They currently have a buy rating on the asset manager’s stock.

MC has been the topic of several other reports. Keefe, Bruyette & Woods upgraded Moelis & to a hold rating and set a $39.00 target price on the stock in a report on Thursday, May 4th. UBS AG reiterated a neutral rating and set a $42.00 target price (up from $40.00) on shares of Moelis & in a report on Tuesday. ValuEngine upgraded Moelis & from a hold rating to a buy rating in a report on Thursday, June 1st. BidaskClub upgraded Moelis & from a buy rating to a strong-buy rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded Moelis & from a hold rating to a sell rating in a report on Wednesday, April 12th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Moelis & currently has an average rating of Buy and an average price target of $39.22.

Shares of Moelis & (NYSE:MC) traded down 1.36% during midday trading on Tuesday, reaching $39.75. 590,237 shares of the company’s stock traded hands. Moelis & has a 52 week low of $23.60 and a 52 week high of $44.85. The company has a market capitalization of $1.06 billion, a PE ratio of 17.77 and a beta of 1.87. The stock’s 50 day moving average is $39.20 and its 200-day moving average is $37.29.

Moelis & (NYSE:MC) last announced its earnings results on Monday, July 24th. The asset manager reported $0.66 EPS for the quarter, beating the consensus estimate of $0.51 by $0.15. The business had revenue of $172.10 million for the quarter, compared to the consensus estimate of $156.85 million. Moelis & had a return on equity of 53.43% and a net margin of 8.50%. The company’s revenue was up 30.7% on a year-over-year basis. During the same period last year, the business posted $0.35 EPS. On average, analysts forecast that Moelis & will post $2.25 earnings per share for the current fiscal year.

WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, August 1st. This represents a $1.48 dividend on an annualized basis and a yield of 3.72%. Moelis &’s dividend payout ratio (DPR) is presently 74.00%.

In other Moelis & news, Chairman Kenneth Moelis sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $37.46, for a total transaction of $561,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 64.47% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in shares of Moelis & by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 224,000 shares of the asset manager’s stock worth $7,594,000 after buying an additional 4,447 shares during the period. State Street Corp raised its stake in shares of Moelis & by 7.5% in the fourth quarter. State Street Corp now owns 325,602 shares of the asset manager’s stock worth $11,038,000 after buying an additional 22,706 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Moelis & by 46.1% in the first quarter. Ameriprise Financial Inc. now owns 809,874 shares of the asset manager’s stock worth $31,182,000 after buying an additional 255,669 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in shares of Moelis & during the first quarter worth $39,733,000. Finally, James Investment Research Inc. acquired a new stake in shares of Moelis & during the first quarter worth $2,082,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.

About Moelis &

Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.

Analyst Recommendations for Moelis & (NYSE:MC)

Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with Analyst Ratings Network's FREE daily email newsletter.