JMP Securities Reaffirms Market Perform Rating for Moelis & Company (NYSE:MC)

JMP Securities reaffirmed their market perform rating on shares of Moelis & Company (NYSE:MC) in a report released on Thursday morning,Benzinga reports.

MC has been the topic of several other research reports. Wells Fargo & Company boosted their target price on shares of Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday. Keefe, Bruyette & Woods raised Moelis & Company from a “market perform” rating to an “outperform” rating and upped their target price for the company from $71.00 to $86.00 in a research report on Friday, December 20th. Finally, Morgan Stanley lifted their price target on Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. One 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 data from MarketBeat, Moelis & Company has a consensus rating of “Hold” and a consensus price target of $78.83.

Moelis & Company Trading Up 2.0 %

Shares of MC stock opened at $81.24 on Thursday. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $82.89. The business’s fifty day simple moving average is $75.40 and its 200-day simple moving average is $70.67. The company has a market cap of $6.09 billion, a PE ratio of 153.29 and a beta of 1.40.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.79. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. On average, equities analysts forecast that Moelis & Company will post 1.05 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 given a dividend of $0.65 per share. This is an increase from Moelis & Company’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend is Tuesday, February 18th. Moelis & Company’s dividend payout ratio (DPR) is currently 452.83%.

Hedge Funds Weigh In On Moelis & Company

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of Montreal Can raised its position in Moelis & Company by 2.7% during the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock valued at $409,000 after acquiring an additional 192 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Moelis & Company in the 2nd quarter worth approximately $554,000. GAMMA Investing LLC grew its stake in shares of Moelis & Company by 115.8% during the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after purchasing an additional 534 shares during the period. Fulton Bank N.A. purchased a new position in shares of Moelis & Company during the 3rd quarter valued at approximately $207,000. Finally, nVerses Capital LLC lifted its stake in shares of Moelis & Company by 110.0% in the 3rd quarter. nVerses Capital LLC now owns 6,300 shares of the asset manager’s stock valued at $432,000 after purchasing an additional 3,300 shares during the period. Institutional investors and hedge funds 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.