Brokerages Set Moelis & Company (NYSE:MC) Target Price at $70.83

Shares of Moelis & Company (NYSE:MC - Get Free Report) have received an average rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $70.83.

Several brokerages have weighed in on MC. Keefe, Bruyette & Woods raised Moelis & Company from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $71.00 to $86.00 in a research note on Friday, December 20th. Morgan Stanley upgraded Moelis & Company from an "underweight" rating to an "overweight" rating and lifted their target price for the stock from $66.00 to $92.00 in a report on Monday, December 9th. Wells Fargo & Company increased their price target on Moelis & Company from $70.00 to $78.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Finally, UBS Group lifted their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a research note on Tuesday, October 8th.

Institutional Trading of Moelis & Company

A number of large investors have recently made changes to their positions in the stock. Trust Point Inc. lifted its holdings in Moelis & Company by 0.8% during the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager's stock valued at $1,300,000 after buying an additional 147 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Moelis & Company by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager's stock worth $946,000 after acquiring an additional 172 shares during the period. GAMMA Investing LLC raised its stake in shares of Moelis & Company by 18.1% during the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager's stock valued at $87,000 after acquiring an additional 180 shares in the last quarter. SkyView Investment Advisors LLC raised its stake in shares of Moelis & Company by 1.4% during the second quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager's stock valued at $788,000 after acquiring an additional 188 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in shares of Moelis & Company by 2.7% in the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager's stock valued at $409,000 after purchasing an additional 192 shares during the period. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Stock Performance

MC stock opened at $71.52 on Monday. The firm has a fifty day moving average price of $74.71 and a 200 day moving average price of $68.60. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $81.60. The firm has a market cap of $5.36 billion, a PE ratio of 134.94 and a beta of 1.39.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The business had revenue of $273.76 million during the quarter, compared to analysts' expectations of $273.58 million. During the same period last year, the company posted ($0.15) EPS. The business's revenue was up .6% on a year-over-year basis. On average, equities analysts predict that Moelis & Company will post 0.96 EPS for the current year.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Monday, November 4th. Moelis & Company's dividend payout ratio is currently 452.83%.

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.