Seaport Res Ptn Expects Higher Earnings for Moelis & Company

Moelis & Company (NYSE:MC - Free Report) - Analysts at Seaport Res Ptn lifted their FY2024 earnings per share (EPS) estimates for shares of Moelis & Company in a report issued on Thursday, October 24th. Seaport Res Ptn analyst J. Mitchell now anticipates that the asset manager will earn $1.02 per share for the year, up from their previous estimate of $1.00. The consensus estimate for Moelis & Company's current full-year earnings is $0.98 per share. Seaport Res Ptn also issued estimates for Moelis & Company's Q1 2025 earnings at $0.33 EPS, Q2 2026 earnings at $0.67 EPS, Q3 2026 earnings at $0.71 EPS and FY2026 earnings at $3.05 EPS.

Several other analysts have also weighed in on MC. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $60.00 price objective (up from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. UBS Group increased their target price on Moelis & Company from $54.00 to $60.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. increased their target price on Moelis & Company from $50.00 to $51.00 and gave the company a "neutral" rating in a research report on Thursday, July 25th. Wells Fargo & Company started coverage on Moelis & Company in a research report on Thursday, September 12th. They issued an "equal weight" rating and a $70.00 target price for the company. Finally, Morgan Stanley dropped their target price on Moelis & Company from $67.00 to $66.00 and set an "underweight" rating for the company in a research report on Thursday. Two research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, Moelis & Company has an average rating of "Hold" and a consensus target price of $60.83.

Moelis & Company Price Performance

NYSE:MC traded up $1.12 during trading hours on Monday, hitting $67.01. The company's stock had a trading volume of 580,048 shares, compared to its average volume of 628,708. The stock has a fifty day simple moving average of $67.53 and a 200-day simple moving average of $60.76. The company has a market capitalization of $5.01 billion, a P/E ratio of -353.37 and a beta of 1.33. Moelis & Company has a twelve month low of $39.82 and a twelve month high of $72.80.

Moelis & Company (NYSE:MC - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The business had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. Moelis & Company's revenue was up .6% compared to the same quarter last year. During the same period last year, the firm posted ($0.15) earnings per share.

Institutional Investors Weigh In On Moelis & Company

A number of hedge funds have recently added to or reduced their stakes in the business. Trust Point Inc. grew its stake 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 acquiring an additional 147 shares during the period. SkyView Investment Advisors LLC grew its stake in Moelis & Company by 1.4% in 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 during the period. Bank of Montreal Can grew its stake in 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 acquiring an additional 192 shares during the period. UMB Bank n.a. grew its stake in Moelis & Company by 63.5% in the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager's stock valued at $28,000 after acquiring an additional 193 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in Moelis & Company by 3.1% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,390 shares of the asset manager's stock valued at $363,000 after acquiring an additional 193 shares during the period. 91.53% of the stock is currently owned by institutional investors.

Insider Transactions at Moelis & Company

In other news, CEO Kenneth Moelis sold 5,308 shares of the firm's stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total transaction of $365,561.96. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Moelis & Company news, CEO Kenneth Moelis sold 5,308 shares of Moelis & Company stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total value of $365,561.96. Following the completion of the sale, the chief executive officer now directly owns 86 shares in the company, valued at approximately $5,922.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth Shropshire sold 495 shares of Moelis & Company stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $69.29, for a total value of $34,298.55. Following the completion of the sale, the director now owns 9,372 shares of the company's stock, valued at approximately $649,385.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is owned by corporate insiders.

Moelis & Company Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.60 per share. The ex-dividend date is Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.58%. Moelis & Company's dividend payout ratio (DPR) is -1,263.16%.

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.