Moelis & Company (NYSE:MC) Receives Consensus Recommendation of "Reduce" from Brokerages

Shares of Moelis & Company (NYSE:MC - Get Free Report) have been given an average recommendation of "Reduce" by the seven analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $60.83.

A number of research firms have recently weighed in on MC. UBS Group boosted their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $60.00 target price (up previously from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. JPMorgan Chase & Co. boosted their price objective on shares of Moelis & Company from $50.00 to $51.00 and gave the stock a "neutral" rating in a report on Thursday, July 25th. Wells Fargo & Company assumed coverage on Moelis & Company in a research note on Thursday, September 12th. They set an "equal weight" rating and a $70.00 target price for the company. Finally, Morgan Stanley lowered their price objective on Moelis & Company from $67.00 to $66.00 and set an "underweight" rating for the company in a report on Thursday, October 24th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trust Point Inc. raised its position in Moelis & Company by 0.8% during 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 in the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Moelis & Company by 1.4% in the 2nd quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager's stock valued at $788,000 after purchasing an additional 188 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Moelis & Company by 2.7% in the 2nd 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 last quarter. UMB Bank n.a. boosted its holdings in 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 purchasing an additional 193 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Moelis & Company by 3.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,390 shares of the asset manager's stock worth $363,000 after buying an additional 193 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

Moelis & Company Stock Down 0.9 %

MC stock traded down $0.60 during trading on Wednesday, hitting $66.88. The company had a trading volume of 306,532 shares, compared to its average volume of 626,230. The firm has a 50-day moving average price of $67.66 and a 200-day moving average price of $60.96. Moelis & Company has a 1-year low of $39.91 and a 1-year high of $72.80. The firm has a market cap of $5.00 billion, a PE ratio of -354.89 and a beta of 1.33.

Moelis & Company (NYSE:MC - Get Free Report) last posted its earnings results 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 return on equity of 4.38% and a net margin of 1.38%. The company had revenue of $273.76 million for the quarter, compared to the consensus estimate of $273.58 million. During the same period in the previous year, the business earned ($0.15) earnings per share. Moelis & Company's quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts anticipate that Moelis & Company will post 0.98 earnings per share for the current year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Monday, November 4th. Moelis & Company's dividend payout ratio 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.