Moelis & Company (NYSE:MC) Receives $56.00 Consensus PT from Analysts

Moelis & Company (NYSE:MC) has received a consensus rating of “Reduce” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $56.00.

Several analysts have issued reports on the stock. Morgan Stanley raised their price target on shares of Moelis & Company from $51.00 to $61.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $60.00 price target (up from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. UBS Group raised their price target on shares of Moelis & Company from $47.00 to $50.00 and gave the stock a “sell” rating in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th.

Insider Activity

In related news, CFO Joseph Simon sold 6,723 shares of Moelis & Company stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $64.00, for a total transaction of $430,272.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Joseph Simon sold 6,723 shares of Moelis & Company stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $64.00, for a total transaction of $430,272.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kenneth Shropshire sold 495 shares of Moelis & Company stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total transaction of $34,298.55. Following the transaction, the director now directly owns 9,372 shares of the company’s stock, valued at $649,385.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,526 shares of company stock worth $830,133. Corporate insiders own 6.40% of the company’s stock.

Hedge Funds Weigh In On Moelis & Company

Several institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in shares of Moelis & Company by 63.5% in the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after acquiring an additional 193 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of Moelis & Company in the fourth quarter worth about $34,000. Hexagon Capital Partners LLC raised its stake in shares of Moelis & Company by 147.9% in the first quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock worth $37,000 after acquiring an additional 392 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Moelis & Company by 510.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock worth $47,000 after acquiring an additional 699 shares during the last quarter. Finally, Assetmark Inc. raised its stake in shares of Moelis & Company by 22.5% in the fourth quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock worth $84,000 after acquiring an additional 276 shares during the last quarter. 91.53% of the stock is owned by institutional investors.

Moelis & Company Price Performance

Shares of MC opened at $64.86 on Friday. The company has a market capitalization of $4.85 billion, a PE ratio of -341.37 and a beta of 1.34. Moelis & Company has a one year low of $38.58 and a one year high of $70.00. The company’s fifty day moving average price is $59.66 and its 200 day moving average price is $56.29.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. The firm had revenue of $264.59 million for the quarter, compared to the consensus estimate of $227.90 million. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. The business’s quarterly revenue was up 47.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.04) EPS. Analysts anticipate that Moelis & Company will post 1.08 earnings per share for the current year.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Monday, August 5th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, August 5th. This represents a $2.40 annualized dividend and a dividend yield of 3.70%. Moelis & Company’s dividend payout ratio (DPR) is currently -1,263.16%.

Moelis & Company Company Profile

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.