Moelis & Company (NYSE:MC - Get Free Report) posted its earnings results on Wednesday. The asset manager reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.79, Zacks reports. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%.
Moelis & Company Trading Down 3.0 %
MC traded down $2.43 on Friday, hitting $78.77. 1,058,423 shares of the company were exchanged, compared to its average volume of 671,840. The firm has a 50-day moving average price of $75.55 and a two-hundred day moving average price of $70.84. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 44.76 and a beta of 1.40.
Moelis & Company Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th will be paid a $0.65 dividend. This is a boost from Moelis & Company's previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, February 18th. Moelis & Company's dividend payout ratio (DPR) is presently 136.36%.
Analysts Set New Price Targets
Several research analysts have weighed in on MC shares. The Goldman Sachs Group increased their target price on shares of Moelis & Company from $79.00 to $87.00 and gave the stock a "neutral" rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of Moelis & Company from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday. Wells Fargo & Company boosted their target price on Moelis & Company from $77.00 to $83.00 and gave the company 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 report on Thursday. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $92.00 price objective (up previously from $86.00) on shares of Moelis & Company in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $78.83.
Check Out Our Latest Stock Report on MC
About Moelis & Company
(
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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.
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