Moelis & Company (NYSE:MC - Get Free Report) has been given an average rating of "Hold" by the seven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $78.83.
A number of analysts have commented on the company. Wells Fargo & Company raised their price objective on Moelis & Company from $77.00 to $83.00 and gave the stock an "equal weight" rating in a research report on Thursday. The Goldman Sachs Group raised their target price on Moelis & Company from $79.00 to $87.00 and gave the stock a "neutral" rating in a research report on Thursday. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 target price (up previously from $86.00) on shares of Moelis & Company 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, Morgan Stanley raised their target price on Moelis & Company from $95.00 to $100.00 and gave the stock an "overweight" rating in a research report on Thursday.
View Our Latest Research Report on Moelis & Company
Moelis & Company Stock Down 0.4 %
Shares of MC stock traded down $0.33 during mid-day trading on Friday, reaching $78.47. The stock had a trading volume of 315,680 shares, compared to its average volume of 744,531. The firm's 50 day simple moving average is $75.55 and its 200 day simple moving average is $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 PE ratio of 44.64 and a beta of 1.40.
Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, topping 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%. Sell-side analysts forecast that Moelis & Company will post 2.57 earnings per share for the current fiscal year.
Moelis & Company Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.31%. This is a boost from Moelis & Company's previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, February 18th. Moelis & Company's dividend payout ratio (DPR) is currently 136.36%.
Institutional Investors Weigh In On Moelis & Company
A number of hedge funds and other institutional investors have recently bought and sold shares of MC. Assenagon Asset Management S.A. acquired a new stake in Moelis & Company during the 3rd quarter valued at $49,017,000. Raymond James Financial Inc. acquired a new stake in Moelis & Company during the 4th quarter valued at $27,855,000. Fisher Asset Management LLC increased its stake in shares of Moelis & Company by 252.8% in the 4th quarter. Fisher Asset Management LLC now owns 220,770 shares of the asset manager's stock valued at $16,310,000 after buying an additional 158,200 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Moelis & Company in the 4th quarter valued at $10,158,000. Finally, Hodges Capital Management Inc. acquired a new stake in shares of Moelis & Company in the 4th quarter valued at $9,149,000. 91.53% of the stock is owned by institutional investors and hedge funds.
Moelis & Company Company Profile
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Get Free ReportMoelis & 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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