UBS Group Increases Moelis & Company (NYSE:MC) Price Target to $74.00

Moelis & Company (NYSE:MC) had its price target boosted by research analysts at UBS Group from $70.00 to $74.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the asset manager’s stock. UBS Group’s price objective would indicate a potential downside of 0.86% from the company’s previous close.

A number of other brokerages also recently issued reports on MC. Morgan Stanley upped their target price on Moelis & Company from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Tuesday. Zacks Research downgraded Moelis & Company from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Seaport Res Ptn raised Moelis & Company from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 30th. Keefe, Bruyette & Woods cut Moelis & Company from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $78.00 to $80.00 in a research report on Tuesday, December 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Moelis & Company in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Moelis & Company presently has a consensus rating of “Hold” and an average target price of $72.00.

Moelis & Company Trading Down 2.5%

Shares of Moelis & Company stock traded down $1.95 on Wednesday, reaching $74.64. 700,420 shares of the company were exchanged, compared to its average volume of 754,857. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 0.61 and a beta of 1.85. Moelis & Company has a one year low of $47.00 and a one year high of $82.89. The company has a 50-day moving average of $66.70 and a 200 day moving average of $68.84.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, October 29th. The asset manager reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.11. Moelis & Company had a net margin of 15.98% and a return on equity of 45.62%. The company had revenue of $356.89 million for the quarter, compared to analysts’ expectations of $336.14 million. During the same period in the prior year, the firm earned $0.22 EPS. Moelis & Company’s quarterly revenue was up 30.4% compared to the same quarter last year. Analysts predict that Moelis & Company will post 2.97 earnings per share for the current year.

Institutional Trading of Moelis & Company

Several hedge funds have recently bought and sold shares of MC. Vident Advisory LLC boosted its position in Moelis & Company by 23.4% in the first quarter. Vident Advisory LLC now owns 3,823 shares of the asset manager’s stock worth $223,000 after purchasing an additional 724 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Moelis & Company by 405.1% in the 1st quarter. AQR Capital Management LLC now owns 193,466 shares of the asset manager’s stock worth $11,291,000 after buying an additional 155,162 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Moelis & Company by 9.9% during the first quarter. Integrated Wealth Concepts LLC now owns 4,799 shares of the asset manager’s stock valued at $280,000 after buying an additional 432 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Moelis & Company by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,080 shares of the asset manager’s stock worth $2,456,000 after buying an additional 1,839 shares during the last quarter. Finally, Millennium Management LLC raised its position in Moelis & Company by 311.4% in the first quarter. Millennium Management LLC now owns 465,677 shares of the asset manager’s stock worth $27,177,000 after acquiring an additional 352,490 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

Moelis & Company Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.