BidaskClub downgraded shares of Moelis & Company (NYSE:MC) from a strong-buy rating to a buy rating in a research note released on Tuesday, August 1st.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Moelis & from a hold rating to a strong-buy rating and set a $48.00 price objective for the company in a research report on Friday, July 28th. Morgan Stanley boosted their price objective on shares of Moelis & from $39.00 to $45.00 and gave the company an overweight rating in a research report on Tuesday, July 25th. JMP Securities boosted their price objective on shares of Moelis & from $42.00 to $44.00 and gave the company a market outperform rating in a research report on Tuesday, July 25th. Bank of America Corporation boosted their price objective on shares of Moelis & from $43.00 to $45.00 and gave the company a buy rating in a research report on Tuesday, July 25th. Finally, UBS AG reissued a neutral rating and issued a $42.00 price objective (up from $40.00) on shares of Moelis & in a research report on Tuesday, July 25th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Moelis & presently has a consensus rating of Buy and a consensus target price of $39.22.
Shares of Moelis & (MC) opened at 38.30 on Tuesday. Moelis & has a 52-week low of $23.60 and a 52-week high of $44.85. The firm’s 50-day moving average is $39.78 and its 200 day moving average is $37.20. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 17.72 and a beta of 1.87.
Moelis & (NYSE:MC) last released its quarterly earnings data on Monday, July 24th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.15. The company had revenue of $172.10 million during the quarter, compared to analysts’ expectations of $156.85 million. Moelis & had a net margin of 8.50% and a return on equity of 52.98%. The firm’s quarterly revenue was up 30.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.35 EPS. Equities analysts expect that Moelis & will post $2.25 EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Thursday, August 3rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $1.48 annualized dividend and a dividend yield of 3.86%. Moelis &’s dividend payout ratio is currently 74.00%.
Several large investors have recently bought and sold shares of MC. Ffcm LLC acquired a new stake in Moelis & during the second quarter valued at approximately $112,000. BNP Paribas Arbitrage SA raised its stake in Moelis & by 594.2% in the second quarter. BNP Paribas Arbitrage SA now owns 2,978 shares of the asset manager’s stock valued at $116,000 after buying an additional 2,549 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Moelis & by 11.6% in the first quarter. Envestnet Asset Management Inc. now owns 3,030 shares of the asset manager’s stock valued at $117,000 after buying an additional 315 shares during the period. Meeder Asset Management Inc. purchased a new position in Moelis & during the second quarter valued at approximately $130,000. Finally, Nisa Investment Advisors LLC purchased a new position in Moelis & during the second quarter valued at approximately $144,000. Institutional investors and hedge funds own 89.57% of the company’s stock.
About Moelis &
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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