UBS Group Boosts Moelis & Company (NYSE:MC) Price Target to $47.00

Moelis & Company (NYSE:MC) had its price target raised by UBS Group from $45.00 to $47.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has a sell rating on the asset manager’s stock.

MC has been the subject of several other research reports. Keefe, Bruyette & Woods reissued a market perform rating and issued a $54.00 price objective (down previously from $58.00) on shares of Moelis & Company in a research note on Thursday. The Goldman Sachs Group raised shares of Moelis & Company from a sell rating to a neutral rating and increased their price objective for the company from $53.00 to $58.00 in a research note on Wednesday, March 13th. JPMorgan Chase & Co. increased their price objective on shares of Moelis & Company from $46.00 to $57.00 and gave the company a neutral rating in a research note on Thursday, February 8th. StockNews.com raised shares of Moelis & Company from a sell rating to a hold rating in a research note on Thursday, February 8th. Finally, JMP Securities reissued a market perform rating on shares of Moelis & Company in a research note on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $50.80.

Moelis & Company Stock Down 1.0 %

Shares of Moelis & Company stock opened at $49.75 on Thursday. The company has a 50 day moving average of $54.07 and a 200-day moving average of $51.59. Moelis & Company has a 1-year low of $33.87 and a 1-year high of $58.67.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.13%. The company had revenue of $217.49 million during the quarter, compared to the consensus estimate of $219.30 million. During the same quarter in the prior year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. As a group, equities analysts forecast that Moelis & Company will post 1.29 earnings per share for the current year.

Moelis & Company Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 6th will be issued a dividend of $0.60 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.82%. Moelis & Company’s dividend payout ratio (DPR) is presently -1,263.16%.

Insider Transactions at Moelis & Company

In other news, insider Christopher Callesano sold 1,040 shares of Moelis & Company stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.59, for a total transaction of $55,733.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Christopher Callesano sold 1,040 shares of Moelis & Company stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $53.59, for a total transaction of $55,733.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Joseph Simon sold 8,573 shares of Moelis & Company stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $54.13, for a total transaction of $464,056.49. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 375,185 shares of company stock worth $20,130,225. Company insiders own 6.96% of the company’s stock.

Hedge Funds Weigh In On Moelis & Company

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Moelis & Company by 0.4% in the third quarter. Vanguard Group Inc. now owns 7,787,483 shares of the asset manager’s stock valued at $351,449,000 after purchasing an additional 28,446 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Moelis & Company by 0.7% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,279,209 shares of the asset manager’s stock valued at $328,511,000 after purchasing an additional 49,291 shares in the last quarter. Wasatch Advisors LP increased its stake in Moelis & Company by 4.9% in the first quarter. Wasatch Advisors LP now owns 3,417,643 shares of the asset manager’s stock valued at $194,020,000 after purchasing an additional 159,797 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Moelis & Company by 11.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,374,385 shares of the asset manager’s stock valued at $189,404,000 after purchasing an additional 334,620 shares in the last quarter. Finally, Madison Asset Management LLC increased its stake in Moelis & Company by 4.5% in the fourth quarter. Madison Asset Management LLC now owns 1,399,649 shares of the asset manager’s stock valued at $78,562,000 after purchasing an additional 60,455 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.