Moelis & Company (NYSE:MC) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Moelis & Company (NYSE:MCFree Report) from a sell rating to a hold rating in a research note released on Thursday.

A number of other research firms also recently commented on MC. Morgan Stanley dropped their price objective on Moelis & Company from $39.00 to $38.00 and set an underweight rating on the stock in a report on Friday, November 3rd. JPMorgan Chase & Co. increased their price objective on Moelis & Company from $46.00 to $57.00 and gave the company a neutral rating in a report on Thursday. The Goldman Sachs Group increased their price objective on Moelis & Company from $41.00 to $47.00 and gave the stock a sell rating in a research report on Tuesday, December 19th. Finally, Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $56.00 price objective on shares of Moelis & Company in a research report on Monday, January 29th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $45.60.

Read Our Latest Stock Analysis on MC

Moelis & Company Price Performance

MC stock opened at $54.17 on Thursday. The firm has a market capitalization of $3.85 billion, a P/E ratio of -150.47 and a beta of 1.37. The business’s 50-day moving average is $54.99 and its two-hundred day moving average is $48.58. 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 posted its quarterly earnings results on Tuesday, February 6th. The asset manager reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The company had revenue of $214.90 million for the quarter, compared to analyst estimates of $197.98 million. Moelis & Company had a negative return on equity of 3.72% and a negative net margin of 2.89%. Moelis & Company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. On average, analysts expect that Moelis & Company will post 1.59 EPS for the current year.

Moelis & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Tuesday, February 20th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Friday, February 16th. This represents a $2.40 annualized dividend and a yield of 4.43%. Moelis & Company’s dividend payout ratio is presently -666.67%.

Insider Buying and Selling

In related news, CEO Kenneth Moelis sold 19,675 shares of Moelis & Company stock in a transaction on Monday, November 13th. The stock was sold at an average price of $41.66, for a total transaction of $819,660.50. Following the completion of the transaction, the chief executive officer now directly owns 5,308 shares of the company’s stock, valued at $221,131.28. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Moelis & Company

Several hedge funds and other institutional investors have recently bought and sold shares of the company. O ROURKE & COMPANY Inc raised its holdings in Moelis & Company by 4.1% during the fourth quarter. O ROURKE & COMPANY Inc now owns 5,644 shares of the asset manager’s stock worth $317,000 after purchasing an additional 221 shares during the last quarter. Captrust Financial Advisors increased its position in Moelis & Company by 3.0% during the first quarter. Captrust Financial Advisors now owns 8,723 shares of the asset manager’s stock worth $410,000 after buying an additional 254 shares in the last quarter. Capital Investment Advisory Services LLC increased its position in Moelis & Company by 4.4% during the third quarter. Capital Investment Advisory Services LLC now owns 6,023 shares of the asset manager’s stock worth $272,000 after buying an additional 256 shares in the last quarter. Mutual of America Capital Management LLC increased its position in Moelis & Company by 0.4% during the third quarter. Mutual of America Capital Management LLC now owns 76,155 shares of the asset manager’s stock worth $3,437,000 after buying an additional 268 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in Moelis & Company by 8.1% during the second quarter. Metropolitan Life Insurance Co NY now owns 3,655 shares of the asset manager’s stock worth $166,000 after buying an additional 273 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Company Profile

(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. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.

Featured Stories

Analyst Recommendations for Moelis & Company (NYSE:MC)

Receive News & Ratings for Moelis & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moelis & Company and related companies with MarketBeat.com's FREE daily email newsletter.