Keefe, Bruyette & Woods Reiterates “Outperform” Rating for Moelis & Company (NYSE:MC)

Moelis & Company (NYSE:MC)‘s stock had its “outperform” rating reiterated by analysts at Keefe, Bruyette & Woods in a note issued to investors on Thursday,Benzinga reports. They presently have a $92.00 price objective on the asset manager’s stock, up from their prior price objective of $86.00. Keefe, Bruyette & Woods’ target price points to a potential upside of 16.80% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company raised their price target on shares of Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research note on Thursday. Finally, Morgan Stanley increased their price target on Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $78.83.

Moelis & Company Stock Performance

NYSE:MC opened at $78.77 on Thursday. The stock has a 50-day simple moving average of $75.51 and a 200 day simple moving average of $70.75. Moelis & Company has a one year low of $46.24 and a one year high of $82.89. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of 148.62 and a beta of 1.40.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.79. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. On average, equities research analysts forecast that Moelis & Company will post 1.05 EPS for the current fiscal year.

Institutional Trading of Moelis & Company

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Reston Wealth Management LLC acquired a new stake in shares of Moelis & Company in the third quarter valued at $26,000. R Squared Ltd bought a new position in shares of Moelis & Company during the 4th quarter valued at about $47,000. Jones Financial Companies Lllp raised its holdings in shares of Moelis & Company by 148.3% in the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager’s stock worth $61,000 after purchasing an additional 491 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Moelis & Company in the fourth quarter valued at $61,000. Finally, GAMMA Investing LLC lifted its position in shares of Moelis & Company by 115.8% during the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock valued at $68,000 after acquiring an additional 534 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

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.