StockNews.com upgraded shares of Moelis & Company (NYSE:MC - Free Report) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.
Other research analysts have also recently issued research reports about the company. Morgan Stanley lifted their price objective on Moelis & Company from $95.00 to $100.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. The Goldman Sachs Group boosted their price target on Moelis & Company from $79.00 to $87.00 and gave the company a "neutral" rating in a research note on Thursday, February 6th. JMP Securities restated a "market perform" rating on shares of Moelis & Company in a research note on Thursday, February 6th. Finally, Wells Fargo & Company raised their target price on Moelis & Company from $77.00 to $83.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $78.83.
Read Our Latest Report on MC
Moelis & Company Stock Performance
Shares of NYSE MC traded up $0.16 during mid-day trading on Thursday, hitting $75.92. 490,206 shares of the stock traded hands, compared to its average volume of 671,840. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 43.14 and a beta of 1.40. The stock has a fifty day moving average price of $75.66 and a 200-day moving average price of $71.25. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $82.89.
Moelis & Company (NYSE:MC - Get Free Report) last released its earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. As a group, sell-side analysts predict that Moelis & Company will post 2.57 EPS for the current fiscal year.
Moelis & Company Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $2.60 annualized dividend and a yield of 3.42%. This is an increase from Moelis & Company's previous quarterly dividend of $0.60. Moelis & Company's dividend payout ratio is currently 136.36%.
Institutional Trading of Moelis & Company
Several institutional investors have recently made changes to their positions in MC. Reston Wealth Management LLC bought a new stake in Moelis & Company in the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC increased its stake in Moelis & Company by 52.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 398 shares of the asset manager's stock worth $30,000 after buying an additional 137 shares during the period. Headlands Technologies LLC bought a new stake in shares of Moelis & Company during the fourth quarter valued at approximately $31,000. R Squared Ltd bought a new stake in shares of Moelis & Company during the fourth quarter valued at approximately $47,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Moelis & Company by 148.3% in the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager's stock valued at $61,000 after purchasing an additional 491 shares during the period. Hedge funds and other institutional investors own 91.53% of the company's stock.
About Moelis & Company
(
Get Free Report)
Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.
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