Moelis & Company (NYSE:MC) Receives $60.83 Consensus PT from Brokerages

Moelis & Company (NYSE:MC) has been given an average recommendation of “Reduce” by the seven brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $60.83.

Several brokerages have recently issued reports on MC. Morgan Stanley lowered their price target on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a report on Thursday, October 24th. Wells Fargo & Company began coverage on shares of Moelis & Company in a report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target for the company. Finally, UBS Group upped their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th.

Moelis & Company Price Performance

Shares of MC opened at $75.85 on Friday. Moelis & Company has a one year low of $45.45 and a one year high of $81.60. The company has a market cap of $5.68 billion, a P/E ratio of 143.11 and a beta of 1.33. The firm has a 50 day simple moving average of $70.94 and a two-hundred day simple moving average of $64.13.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The business had revenue of $273.76 million during the quarter, compared to the consensus estimate of $273.58 million. During the same period in the previous year, the business earned ($0.15) earnings per share. The company’s revenue was up .6% on a year-over-year basis. On average, analysts expect that Moelis & Company will post 0.96 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.16%. Moelis & Company’s dividend payout ratio is 452.83%.

Institutional Trading of Moelis & Company

A number of institutional investors have recently bought and sold shares of MC. O Shaughnessy Asset Management LLC boosted its position in Moelis & Company by 7.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 11,067 shares of the asset manager’s stock valued at $628,000 after acquiring an additional 790 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Moelis & Company by 4.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 58,850 shares of the asset manager’s stock worth $3,340,000 after purchasing an additional 2,667 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Moelis & Company by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 35,766 shares of the asset manager’s stock worth $2,031,000 after purchasing an additional 2,428 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Moelis & Company during the 1st quarter worth about $256,000. Finally, SkyView Investment Advisors LLC bought a new position in shares of Moelis & Company during the 1st quarter worth about $776,000. Institutional investors own 91.53% of the company’s stock.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.