Moelis & Company (NYSE:MC) Given Consensus Rating of “Hold” by Analysts

Shares of Moelis & Company (NYSE:MC) have earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $76.3333.

MC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods cut Moelis & Company from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Tuesday, December 16th. Morgan Stanley lifted their price target on Moelis & Company from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Bank of America started coverage on shares of Moelis & Company in a research report on Monday, January 26th. They set a “neutral” rating and a $81.00 price objective on the stock. UBS Group raised their price objective on shares of Moelis & Company from $70.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Moelis & Company in a research note on Monday, December 29th.

Moelis & Company Price Performance

NYSE:MC opened at $65.94 on Tuesday. The firm has a market capitalization of $5.16 billion, a P/E ratio of 22.43, a PEG ratio of 0.71 and a beta of 1.87. Moelis & Company has a one year low of $47.00 and a one year high of $78.57. The company’s 50-day simple moving average is $71.95 and its 200 day simple moving average is $69.90.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, February 4th. The asset manager reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.37. Moelis & Company had a net margin of 15.36% and a return on equity of 43.19%. The business had revenue of $487.94 million during the quarter, compared to the consensus estimate of $430.17 million. During the same quarter last year, the firm earned $1.18 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts expect that Moelis & Company will post 2.97 earnings per share for the current fiscal year.

Moelis & Company Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, February 17th will be given a $0.65 dividend. The ex-dividend date of this dividend is Tuesday, February 17th. This represents a $2.60 annualized dividend and a yield of 3.9%. Moelis & Company’s dividend payout ratio is 88.44%.

Institutional Investors Weigh In On Moelis & Company

Several large investors have recently bought and sold shares of MC. V Square Quantitative Management LLC purchased a new stake in Moelis & Company during the fourth quarter valued at $27,000. Bessemer Group Inc. grew its stake in shares of Moelis & Company by 89.8% during the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 184 shares during the period. Hantz Financial Services Inc. increased its position in shares of Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock valued at $29,000 after purchasing an additional 163 shares during the last quarter. Allworth Financial LP increased its position in shares of Moelis & Company by 153.9% during the 3rd quarter. Allworth Financial LP now owns 419 shares of the asset manager’s stock valued at $30,000 after purchasing an additional 254 shares during the last quarter. Finally, eCIO Inc. bought a new position in shares of Moelis & Company in the 4th quarter worth approximately $33,000. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Company Profile

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.