Moelis & Company (NYSE:MC) Receives $66.50 Average Price Target from Brokerages

Shares of Moelis & Company (NYSE:MC - Get Free Report) have earned an average rating of "Hold" from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $66.50.

Several equities analysts recently weighed in on the stock. Morgan Stanley upgraded shares of Moelis & Company from an "underweight" rating to an "overweight" rating and lifted their target price for the company from $66.00 to $92.00 in a report on Monday, December 9th. UBS Group boosted their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company increased their target price on Moelis & Company from $70.00 to $78.00 and gave the company an "equal weight" rating in a research note on Thursday, December 12th.

Moelis & Company Trading Up 1.0 %

NYSE:MC traded up $0.73 on Thursday, hitting $71.72. 533,614 shares of the stock were exchanged, compared to its average volume of 628,951. The stock has a fifty day moving average of $72.87 and a 200-day moving average of $66.04. The stock has a market cap of $5.37 billion, a PE ratio of 135.32 and a beta of 1.37. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $81.60.

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

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 4th were given a $0.60 dividend. The ex-dividend date was Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a yield of 3.35%. Moelis & Company's payout ratio is currently 452.83%.

Institutional Trading of Moelis & Company

Hedge funds and other institutional investors have recently modified their holdings of the business. Trust Point Inc. boosted its holdings in Moelis & Company by 0.8% in the third quarter. Trust Point Inc. now owns 18,976 shares of the asset manager's stock valued at $1,300,000 after purchasing an additional 147 shares during the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of Moelis & Company by 1.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager's stock valued at $946,000 after buying an additional 172 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Moelis & Company by 1.4% during the 2nd quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager's stock valued at $788,000 after buying an additional 188 shares during the last quarter. Bank of Montreal Can grew its position in shares of Moelis & Company by 2.7% during the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager's stock worth $409,000 after buying an additional 192 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Moelis & Company by 63.5% in the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager's stock worth $28,000 after buying an additional 193 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

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.