Moelis & Company (NYSE:MC) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Moelis & Company (NYSE:MC) have been given a consensus recommendation of “Hold” by the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $71.8889.

A number of brokerages recently issued reports on MC. JPMorgan Chase & Co. lifted their target price on Moelis & Company from $80.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Moelis & Company in a research report on Monday, December 29th. UBS Group decreased their price target on shares of Moelis & Company from $59.00 to $58.00 and set a “neutral” rating for the company in a research note on Wednesday, April 8th. The Goldman Sachs Group lowered their price objective on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a report on Wednesday, April 1st. Finally, Morgan Stanley cut their price objective on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th.

Insider Activity at Moelis & Company

In other news, General Counsel Osamu R. Watanabe sold 2,765 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $62.23, for a total value of $172,065.95. Following the completion of the transaction, the general counsel owned 4,981 shares in the company, valued at $309,967.63. This trade represents a 35.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in Moelis & Company by 541.5% in the fourth quarter. Hsbc Holdings PLC now owns 19,726 shares of the asset manager’s stock valued at $1,364,000 after acquiring an additional 16,651 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Moelis & Company by 11.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 5,512 shares of the asset manager’s stock worth $379,000 after purchasing an additional 548 shares during the last quarter. Corient Private Wealth LLC raised its holdings in shares of Moelis & Company by 43.6% in the 4th quarter. Corient Private Wealth LLC now owns 10,486 shares of the asset manager’s stock valued at $721,000 after purchasing an additional 3,182 shares during the period. DGS Capital Management LLC raised its holdings in shares of Moelis & Company by 50.8% in the 4th quarter. DGS Capital Management LLC now owns 6,912 shares of the asset manager’s stock valued at $475,000 after purchasing an additional 2,329 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in Moelis & Company by 18.0% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,962 shares of the asset manager’s stock valued at $1,028,000 after purchasing an additional 2,287 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Price Performance

Shares of Moelis & Company stock opened at $66.38 on Wednesday. The company has a market capitalization of $5.15 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 0.74 and a beta of 1.87. The business has a 50-day moving average of $60.04 and a two-hundred day moving average of $65.69. Moelis & Company has a 1 year low of $48.96 and a 1 year high of $78.22.

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

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $2.60 annualized dividend and a yield of 3.9%. Moelis & Company’s payout ratio is 88.44%.

Moelis & Company Company Profile

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.