Moelis & Company (NYSE:MC) Receives $50.80 Average Target Price from Analysts

Moelis & Company (NYSE:MCGet Free Report) has been given an average rating of “Reduce” by the six brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $50.80.

MC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $54.00 price target (down from $58.00) on shares of Moelis & Company in a research note on Thursday, April 25th. UBS Group lifted their price target on shares of Moelis & Company from $45.00 to $47.00 and gave the stock a “sell” rating in a research note on Thursday, April 25th. The Goldman Sachs Group upgraded Moelis & Company from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $53.00 to $58.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. lifted their target price on Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, February 8th. Finally, JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th.

View Our Latest Stock Analysis on MC

Insider Buying and Selling at Moelis & Company

In other news, insider Navid Mahmoodzadegan sold 20,001 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $55.82, for a total transaction of $1,116,455.82. Following the sale, the insider now directly owns 79,859 shares of the company’s stock, valued at $4,457,729.38. The sale was disclosed in a 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 Moelis & Company stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total value of $6,747,370.20. Following the completion of 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 can be accessed through this link. Also, insider Navid Mahmoodzadegan sold 20,001 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $55.82, for a total transaction of $1,116,455.82. Following the completion of the transaction, the insider now owns 79,859 shares of the company’s stock, valued at approximately $4,457,729.38. The disclosure for this sale can be found here. Insiders sold a total of 403,425 shares of company stock worth $21,647,307 over the last three months. Corporate insiders own 6.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in Moelis & Company during the 4th quarter valued at about $41,720,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Moelis & Company in the third quarter valued at approximately $16,924,000. Goldman Sachs Group Inc. lifted its position in Moelis & Company by 11.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,374,385 shares of the asset manager’s stock worth $189,404,000 after buying an additional 334,620 shares in the last quarter. Northern Trust Corp boosted its stake in Moelis & Company by 32.7% during the third quarter. Northern Trust Corp now owns 927,705 shares of the asset manager’s stock worth $41,867,000 after buying an additional 228,840 shares during the last quarter. Finally, Azora Capital LP purchased a new stake in Moelis & Company in the 4th quarter valued at $10,601,000. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Stock Up 0.6 %

MC opened at $54.44 on Wednesday. The stock has a 50-day moving average price of $53.57 and a 200-day moving average price of $52.15. Moelis & Company has a 1 year low of $33.87 and a 1 year high of $58.67.

Moelis & Company (NYSE:MCGet Free Report) last issued its earnings results on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Moelis & Company had a negative return on equity of 0.12% and a negative net margin of 1.33%. The business had revenue of $217.49 million for the quarter, compared to the consensus estimate of $219.30 million. During the same period last year, the business posted $0.05 EPS. The company’s revenue was up 17.4% compared to the same quarter last year. As a group, equities research analysts expect that Moelis & Company will post 1.3 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 6th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $2.40 annualized dividend and a yield of 4.41%. Moelis & Company’s dividend payout ratio (DPR) is presently -1,263.16%.

About Moelis & Company

(Get Free Report

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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Analyst Recommendations for Moelis & Company (NYSE:MC)

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