Moelis & Company (NYSE:MC) Receives $50.80 Consensus Target Price from Brokerages

Shares of Moelis & Company (NYSE:MC) have been assigned an average rating of “Reduce” from the six analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $50.80.

Several brokerages have recently issued reports on MC. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $56.00 target price on shares of Moelis & Company in a research report on Monday, January 29th. UBS Group dropped their price target on Moelis & Company from $46.00 to $45.00 and set a “sell” rating on the stock in a research note on Tuesday, March 26th. StockNews.com upgraded Moelis & Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th. Finally, The Goldman Sachs Group upgraded Moelis & Company from a “sell” rating to a “neutral” rating and raised their price target for the stock from $53.00 to $58.00 in a research note on Wednesday, March 13th.

Moelis & Company Stock Up 0.3 %

Moelis & Company stock opened at $51.27 on Friday. Moelis & Company has a 52 week low of $33.87 and a 52 week high of $58.67. The business has a 50-day simple moving average of $54.49 and a 200 day simple moving average of $51.20. The stock has a market cap of $3.65 billion, a price-to-earnings ratio of -142.42 and a beta of 1.35.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, February 7th. The asset manager reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.05. Moelis & Company had a negative return on equity of 3.82% and a negative net margin of 2.89%. The business had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $197.98 million. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, research analysts anticipate that Moelis & Company will post 1.5 earnings per share for the current year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, February 16th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.68%. Moelis & Company’s dividend payout ratio is currently -666.67%.

Insiders Place Their Bets

In other news, CEO Kenneth Moelis sold 128,277 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the completion of the sale, the chief executive officer now owns 161,810 shares of the company’s stock, valued at $8,511,206. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Moelis & Company news, CEO Kenneth Moelis sold 128,277 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the transaction, the chief executive officer now owns 161,810 shares of the company’s stock, valued at $8,511,206. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Joseph Simon sold 8,149 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total value of $428,637.40. Following the completion of the sale, the chief financial officer now owns 8,573 shares of the company’s stock, valued at $450,939.80. The disclosure for this sale can be found here. In the last three months, insiders sold 375,185 shares of company stock worth $20,130,225. Corporate insiders own 6.96% of the company’s stock.

Institutional Trading of Moelis & Company

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC purchased a new position in Moelis & Company in the 1st quarter valued at approximately $5,062,000. Peak Financial Advisors LLC raised its position in Moelis & Company by 2.9% in the 1st quarter. Peak Financial Advisors LLC now owns 8,715 shares of the asset manager’s stock valued at $495,000 after purchasing an additional 245 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Moelis & Company by 11.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,374,385 shares of the asset manager’s stock valued at $189,404,000 after purchasing an additional 334,620 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Moelis & Company by 9.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,338 shares of the asset manager’s stock valued at $1,872,000 after buying an additional 2,763 shares during the period. Finally, Winslow Asset Management Inc. grew its holdings in Moelis & Company by 1.5% during the 4th quarter. Winslow Asset Management Inc. now owns 174,963 shares of the asset manager’s stock worth $9,821,000 after acquiring an additional 2,593 shares in the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Moelis & Company Company Profile

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.