Moelis & Company (NYSE:MC) Price Target Lowered to $58.00 at UBS Group

Moelis & Company (NYSE:MC) had its price objective reduced by stock analysts at UBS Group from $59.00 to $58.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the asset manager’s stock. UBS Group’s price objective would indicate a potential downside of 5.53% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Keefe, Bruyette & Woods reduced their target price on Moelis & Company from $80.00 to $64.00 and set a “market perform” rating on the stock in a report on Wednesday. Morgan Stanley upped their target price on shares of Moelis & Company from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. The Goldman Sachs Group reduced their target price on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Bank of America assumed coverage on shares of Moelis & Company in a research report on Monday, January 26th. They issued a “neutral” rating and a $81.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Moelis & Company in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.67.

Moelis & Company Price Performance

Moelis & Company stock traded up $3.89 during mid-day trading on Wednesday, reaching $61.39. 2,021,322 shares of the company traded hands, compared to its average volume of 1,231,994. Moelis & Company has a 52-week low of $47.00 and a 52-week high of $78.22. The firm’s 50 day moving average price is $60.82 and its 200 day moving average price is $66.04. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 0.60 and a beta of 1.87.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, February 4th. The asset manager reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.37. Moelis & Company had a return on equity of 41.67% and a net margin of 15.36%.The firm had revenue of $487.94 million for the quarter, compared to the consensus estimate of $430.17 million. During the same quarter in the prior year, the business earned $1.18 EPS. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, sell-side analysts anticipate that Moelis & Company will post 2.97 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Osamu R. Watanabe sold 2,765 shares of the stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $62.23, for a total transaction of $172,065.95. Following the sale, the general counsel directly owned 4,981 shares of the company’s stock, valued at approximately $309,967.63. This represents a 35.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 6.40% of the company’s stock.

Institutional Trading of Moelis & Company

Several institutional investors have recently added to or reduced their stakes in the business. Impact Capital Partners LLC boosted its stake in Moelis & Company by 1.2% during the 3rd quarter. Impact Capital Partners LLC now owns 12,000 shares of the asset manager’s stock valued at $856,000 after purchasing an additional 147 shares during the last quarter. Moran Wealth Management LLC boosted its stake in Moelis & Company by 0.4% during the 3rd quarter. Moran Wealth Management LLC now owns 37,988 shares of the asset manager’s stock valued at $2,709,000 after purchasing an additional 156 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 163 shares during the last quarter. Wesbanco Bank Inc. boosted its stake in Moelis & Company by 2.1% during the 4th quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager’s stock valued at $611,000 after purchasing an additional 180 shares during the last quarter. Finally, GW Henssler & Associates Ltd. boosted its stake in Moelis & Company by 5.6% during the 4th quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager’s stock valued at $236,000 after purchasing an additional 181 shares during the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

About Moelis & Company

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.