Moelis & Company (NYSE:MC) Receives $78.83 Consensus PT from Brokerages

Moelis & Company (NYSE:MC) has been given an average rating of “Hold” by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $78.83.

A number of analysts have recently issued reports on MC shares. The Goldman Sachs Group lifted their price target on Moelis & Company from $79.00 to $87.00 and gave the company a “neutral” rating in a research report on Thursday, February 6th. JMP Securities reiterated a “market perform” rating on shares of Moelis & Company in a research report on Thursday, February 6th. StockNews.com raised Moelis & Company from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley raised their price objective on Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price objective (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th.

Moelis & Company Trading Down 0.3 %

Shares of MC opened at $75.77 on Friday. The company has a market cap of $5.68 billion, a PE ratio of 43.05 and a beta of 1.40. The stock has a 50-day moving average price of $75.65 and a 200-day moving average price of $71.13. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $82.89.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. As a group, analysts predict that Moelis & Company will post 2.57 earnings per share for the current year.

Moelis & Company Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, February 18th will be paid a $0.65 dividend. This is a boost from Moelis & Company’s previous quarterly dividend of $0.60. This represents a $2.60 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Tuesday, February 18th. Moelis & Company’s payout ratio is 136.36%.

Hedge Funds Weigh In On Moelis & Company

Large investors have recently bought and sold shares of the stock. Reston Wealth Management LLC purchased a new position in Moelis & Company in the 3rd quarter worth approximately $26,000. CIBC Private Wealth Group LLC grew its position in shares of 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 last quarter. Headlands Technologies LLC bought a new stake in shares of Moelis & Company in the 4th quarter worth approximately $31,000. R Squared Ltd bought a new stake in shares of Moelis & Company in the 4th quarter worth approximately $47,000. Finally, Jones Financial Companies Lllp grew its position in shares of Moelis & Company by 148.3% in the 4th quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager’s stock worth $61,000 after buying an additional 491 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.

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.