Moelis & Company (NYSE:MC) Upgraded to Outperform at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Moelis & Company (NYSE:MC) from a market perform rating to an outperform rating in a research report report published on Friday, Marketbeat reports. The firm currently has $86.00 price target on the asset manager’s stock, up from their prior price target of $71.00.

Several other equities research analysts have also weighed in on the stock. Wells Fargo & Company increased their target price on shares of Moelis & Company from $70.00 to $78.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Morgan Stanley raised shares of Moelis & Company from an “underweight” rating to an “overweight” rating and increased their price objective for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. Finally, UBS Group increased their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned 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 $70.83.

Moelis & Company Trading Up 2.9 %

Shares of MC stock opened at $73.81 on Friday. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $81.60. The firm’s 50 day moving average is $73.07 and its 200-day moving average is $66.21. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 139.26 and a beta of 1.37.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. The company had revenue of $273.76 million for the quarter, compared to analyst estimates of $273.58 million. During the same period in the prior year, the business earned ($0.15) earnings per share. Moelis & Company’s quarterly revenue was up .6% on a year-over-year basis. On average, equities research analysts forecast that Moelis & Company will post 0.96 earnings per share for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 4th were paid a dividend of $0.60 per share. The ex-dividend date was Monday, November 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.25%. Moelis & Company’s dividend payout ratio is presently 452.83%.

Institutional Trading of Moelis & Company

Several institutional investors and hedge funds have recently bought and sold shares of the business. Trust Point Inc. lifted its stake in shares of Moelis & Company by 0.8% during the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock worth $1,300,000 after buying an additional 147 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of Moelis & Company by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock worth $946,000 after acquiring an additional 172 shares during the period. SkyView Investment Advisors LLC grew its position in shares of Moelis & Company by 1.4% in the second quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock valued at $788,000 after purchasing an additional 188 shares during the last quarter. Bank of Montreal Can lifted its holdings in Moelis & Company by 2.7% during the 2nd quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock worth $409,000 after purchasing an additional 192 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Moelis & Company by 63.5% during the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after buying an additional 193 shares in the last quarter. 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.