Moelis & Company (NYSE:MC - Free Report) - Analysts at Zacks Research decreased their Q4 2024 earnings estimates for shares of Moelis & Company in a research note issued on Wednesday, October 23rd. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings of $0.36 per share for the quarter, down from their previous forecast of $0.43. The consensus estimate for Moelis & Company's current full-year earnings is $1.08 per share. Zacks Research also issued estimates for Moelis & Company's Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.77 EPS and FY2026 earnings at $3.46 EPS.
Moelis & Company (NYSE:MC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. The firm had revenue of $264.59 million during the quarter, compared to analyst estimates of $227.90 million. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. Moelis & Company's revenue was up 47.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.04) EPS.
A number of other brokerages have also issued reports on MC. Keefe, Bruyette & Woods restated a "market perform" rating and set a $60.00 price target (up previously from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. UBS Group upped their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the company a "sell" rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Moelis & Company from $50.00 to $51.00 and gave the company a "neutral" rating in a research note on Thursday, July 25th. Morgan Stanley cut their price target on shares of Moelis & Company from $67.00 to $66.00 and set an "underweight" rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company started coverage on shares of Moelis & Company in a research note on Thursday, September 12th. They set an "equal weight" rating and a $70.00 price target on the stock. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, Moelis & Company presently has an average rating of "Hold" and a consensus target price of $60.83.
Read Our Latest Research Report on MC
Moelis & Company Stock Down 1.8 %
Shares of NYSE MC traded down $1.26 during trading hours on Thursday, hitting $66.98. 837,208 shares of the stock were exchanged, compared to its average volume of 626,035. Moelis & Company has a 12 month low of $38.58 and a 12 month high of $72.80. The company has a market cap of $5.01 billion, a PE ratio of -353.42 and a beta of 1.33. The firm has a fifty day moving average price of $67.45 and a 200-day moving average price of $60.58.
Institutional Trading of Moelis & Company
Hedge funds have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Moelis & Company by 0.7% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,190,221 shares of the asset manager's stock valued at $408,836,000 after purchasing an additional 47,365 shares in the last quarter. Wasatch Advisors LP lifted its stake in shares of Moelis & Company by 4.9% in the first quarter. Wasatch Advisors LP now owns 3,417,643 shares of the asset manager's stock worth $194,020,000 after buying an additional 159,797 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in shares of Moelis & Company by 5.2% in the first quarter. Lord Abbett & CO. LLC now owns 1,118,245 shares of the asset manager's stock worth $63,483,000 after buying an additional 55,402 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Moelis & Company by 4.1% in the second quarter. Bank of New York Mellon Corp now owns 755,541 shares of the asset manager's stock worth $42,960,000 after buying an additional 29,532 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Moelis & Company in the third quarter worth about $49,017,000. 91.53% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Moelis & Company
In other news, CEO Kenneth Moelis sold 5,308 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total value of $365,561.96. Following the sale, the chief executive officer now owns 86 shares in the company, valued at $5,922.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Kenneth Shropshire sold 495 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total transaction of $34,298.55. Following the sale, the director now directly owns 9,372 shares of the company's stock, valued at approximately $649,385.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Kenneth Moelis sold 5,308 shares of the stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total transaction of $365,561.96. Following the sale, the chief executive officer now directly owns 86 shares in the company, valued at $5,922.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 6.40% of the company's stock.
Moelis & Company Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.58%. Moelis & Company's payout ratio is currently -1,263.16%.
Moelis & Company Company Profile
(
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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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