Moelis & Company (NYSE:MC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Moelis & Company (NYSE:MC - Get Free Report) had its price target raised by research analysts at Wells Fargo & Company from $77.00 to $83.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has an "equal weight" rating on the asset manager's stock. Wells Fargo & Company's price objective would indicate a potential upside of 5.71% from the company's current price.

Other research analysts have also issued research reports about the stock. Morgan Stanley raised their price target on shares of Moelis & Company from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday. Keefe, Bruyette & Woods raised shares of Moelis & Company from a "market perform" rating to an "outperform" rating and increased their target price for the company from $71.00 to $86.00 in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $78.83.

Moelis & Company Price Performance

MC traded down $0.28 during trading on Thursday, hitting $78.52. The stock had a trading volume of 721,978 shares, compared to its average volume of 747,361. The company has a 50 day moving average price of $75.55 and a 200-day moving average price of $70.94. Moelis & Company has a one year low of $46.24 and a one year high of $82.89. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 44.61 and a beta of 1.40.

Moelis & Company (NYSE:MC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. As a group, sell-side analysts predict that Moelis & Company will post 2.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC grew its position in Moelis & Company by 14.2% during the 4th quarter. Corient Private Wealth LLC now owns 5,569 shares of the asset manager's stock worth $411,000 after purchasing an additional 691 shares during the period. Hilton Capital Management LLC grew its stake in shares of Moelis & Company by 42.4% in the fourth quarter. Hilton Capital Management LLC now owns 33,357 shares of the asset manager's stock worth $2,464,000 after acquiring an additional 9,940 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in Moelis & Company during the 4th quarter worth approximately $210,000. Impact Capital Partners LLC acquired a new position in Moelis & Company in the fourth quarter valued at approximately $820,000. Finally, Swiss National Bank boosted its holdings in shares of Moelis & Company by 0.7% in the fourth quarter. Swiss National Bank now owns 138,400 shares of the asset manager's stock valued at $10,225,000 after acquiring an additional 1,000 shares during the period. Hedge funds and other institutional investors own 91.53% of the company's stock.

About Moelis & Company

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.