A number of other equities analysts have also commented on MC. JMP Securities raised their price target on shares of Stifel Financial from $61.00 to $65.00 and gave the stock a market outperform rating in a research report on Monday, April 8th. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the stock a hold rating in a research report on Monday, July 8th. Zacks Investment Research raised shares of Hope Bancorp from a sell rating to a hold rating in a research report on Wednesday, April 17th. Bank of America set a $7.00 price target on shares of Deutsche Bank and gave the stock a sell rating in a research report on Thursday, April 11th. Finally, Buckingham Research lowered their price target on shares of PJT Partners from $49.00 to $42.00 and set a neutral rating on the stock in a research report on Thursday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $50.56.
NYSE:MC opened at $34.39 on Thursday. Moelis & Co has a 52 week low of $31.64 and a 52 week high of $65.94. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 1.37 and a beta of 1.97. The business’s 50-day simple moving average is $33.66. The company has a current ratio of 10.48, a quick ratio of 10.48 and a debt-to-equity ratio of 0.21.
Moelis & Co (NYSE:MC) last released its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Moelis & Co had a net margin of 15.04% and a return on equity of 49.19%. The business had revenue of $137.78 million for the quarter, compared to analyst estimates of $141.54 million. During the same period last year, the firm earned $0.84 earnings per share. Moelis & Co’s revenue for the quarter was down 37.2% compared to the same quarter last year. As a group, analysts anticipate that Moelis & Co will post 2.29 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Friday, May 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.82%. Moelis & Co’s payout ratio is 66.67%.
In other Moelis & Co news, COO Elizabeth Crain sold 31,669 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $32.13, for a total transaction of $1,017,524.97. Following the sale, the chief operating officer now directly owns 38,638 shares in the company, valued at $1,241,438.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Callesano sold 3,500 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $38.00, for a total transaction of $133,000.00. Following the sale, the insider now owns 7,269 shares in the company, valued at $276,222. The disclosure for this sale can be found here. Insiders have sold 227,181 shares of company stock worth $8,350,975 over the last quarter. Corporate insiders own 19.67% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Campbell Newman Asset Management Inc. grew its stake in Moelis & Co by 3.2% during the first quarter. Campbell Newman Asset Management Inc. now owns 9,656 shares of the asset manager’s stock worth $402,000 after buying an additional 297 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Moelis & Co by 1.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 33,550 shares of the asset manager’s stock valued at $1,173,000 after purchasing an additional 500 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Moelis & Co by 0.9% in the 1st quarter. Rhumbline Advisers now owns 58,525 shares of the asset manager’s stock valued at $2,435,000 after purchasing an additional 548 shares in the last quarter. Sageworth Trust Co acquired a new stake in shares of Moelis & Co in the 1st quarter valued at approximately $28,000. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Moelis & Co by 6.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,529 shares of the asset manager’s stock valued at $521,000 after purchasing an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.
About Moelis & Co
Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.
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