Sandler O’Neill upgraded shares of Moelis & Co (NYSE:MC) from a hold rating to a buy rating in a research note released on Friday morning, MarketBeat Ratings reports. They currently have $45.00 price target on the asset manager’s stock.
A number of other analysts also recently issued reports on MC. ValuEngine downgraded Moelis & Co from a buy rating to a hold rating in a research report on Tuesday, September 4th. Zacks Investment Research downgraded Moelis & Co from a buy rating to a hold rating in a research report on Wednesday, September 26th. UBS Group lowered their target price on Moelis & Co from $62.00 to $59.00 and set a neutral rating on the stock in a research report on Monday, October 8th. Finally, Goldman Sachs Group started coverage on Moelis & Co in a research report on Tuesday, November 6th. They issued a buy rating and a $53.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $58.25.
Shares of Moelis & Co stock traded down $0.31 during trading on Friday, reaching $38.68. The stock had a trading volume of 552,827 shares, compared to its average volume of 362,535. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 16.89, a price-to-earnings-growth ratio of 1.00 and a beta of 1.91. Moelis & Co has a 52 week low of $37.62 and a 52 week high of $67.65.
Moelis & Co (NYSE:MC) last released its earnings results on Monday, October 22nd. The asset manager reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.01). The company had revenue of $207.70 million during the quarter, compared to analyst estimates of $215.19 million. Moelis & Co had a net margin of 9.39% and a return on equity of 53.14%. Moelis & Co’s revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. On average, analysts expect that Moelis & Co will post 2.83 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Investors of record on Thursday, November 1st were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date was Wednesday, October 31st. Moelis & Co’s dividend payout ratio is currently 82.10%.
Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC increased its position in Moelis & Co by 429.3% during the second quarter. Advisory Services Network LLC now owns 1,588 shares of the asset manager’s stock worth $101,000 after buying an additional 1,288 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in Moelis & Co during the second quarter worth approximately $109,000. Palo Capital Inc. acquired a new position in Moelis & Co during the third quarter worth approximately $123,000. Northwest Bancshares Inc. acquired a new position in Moelis & Co during the second quarter worth approximately $212,000. Finally, ARP Americas LP acquired a new position in Moelis & Co during the third quarter worth approximately $203,000. 75.60% of the stock is currently owned by institutional investors and hedge funds.
Moelis & Co Company Profile
Moelis & Company is a global investment bank. The firm provides services relating to mergers & acquisitions, recapitalization & restructuring, capital markets and financial institution advisory; private funds; shareholder defense and strategic alliances. The firm's expertise is into global energy; IPO advisory; technology, media, telecommunication sectors.
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