Moelis & Company (NYSE:MC – Free Report) had its price tarobtain boosted by Morgan Stanley from $89.00 to $90.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the asset manager’s stock.
Several other brokerages also recently weighed in on MC. Bank of America started coverage on shares of Moelis & Company in a research note on Monday, January 26th. They set a “neutral” rating and a $81.00 tarobtain price for the company. Deutsche Bank Aktiengesellschaft launched coverage on Moelis & Company in a research note on Thursday, October 9th. They set a “acquire” rating and a $80.00 price objective for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Moelis & Company in a research note on Monday, December 29th. Keefe, Bruyette & Woods lowered Moelis & Company from an “outperform” rating to a “market perform” rating and boosted their tarobtain price for the company from $78.00 to $80.00 in a report on Tuesday, December 16th. Finally, UBS Group increased their price tarobtain on Moelis & Company from $70.00 to $74.00 and gave the stock a “neutral” rating in a report on Wednesday, January 7th. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price tarobtain of $76.33.
Read Our Latest Stock Analysis on MC
Moelis & Company Trading Up 2.1%
MC stock opened at $73.15 on Thursday. The company has a market capitalization of $5.73 billion, a P/E ratio of 24.88, a PEG ratio of 0.61 and a beta of 1.87. The business has a 50 day simple relocating average of $71.62 and a 200-day simple relocating average of $70.00. Moelis & Company has a twelve month low of $47.00 and a twelve month high of $81.38.
Moelis & Company (NYSE:MC – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The asset manager reported $1.13 EPS for the quarter, beating the consensus estimate of $0.76 by $0.37. The firm had revenue of $487.94 million during the quarter, compared to the consensus estimate of $430.17 million. Moelis & Company had a net margin of 15.36% and a return on equity of 43.19%. Moelis & Company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.18 EPS. Research analysts predict that Moelis & Company will post 2.97 EPS for the current fiscal year.
Moelis & Company Announces Dividfinish
The firm also recently disclosed a quarterly dividfinish, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, February 17th will be given a $0.65 dividfinish. The ex-dividfinish date is Tuesday, February 17th. This represents a $2.60 annualized dividfinish and a yield of 3.6%. Moelis & Company’s dividfinish payout ratio is presently 88.44%.
Institutional Investors Weigh In On Moelis & Company
Several institutional investors have recently created alters to their positions in MC. AE Wealth Management LLC acquired a new position in shares of Moelis & Company during the 2nd quarter worth approximately $207,000. Wealth Enhancement Advisory Services LLC increased its position in Moelis & Company by 5.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 354,658 shares of the asset manager’s stock worth $23,691,000 after acquireing an additional 17,740 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of Moelis & Company by 354.1% in the third quarter. AlphaQuest LLC now owns 42,789 shares of the asset manager’s stock worth $3,052,000 after acquiring an additional 33,367 shares during the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Moelis & Company by 21.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 33,294 shares of the asset manager’s stock worth $2,075,000 after acquiring an additional 5,819 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Moelis & Company by 22.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 26,619 shares of the asset manager’s stock valued at $1,659,000 after purchasing an additional 4,828 shares during the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.
Moelis & Company News Summary
Here are the key news stories impacting Moelis & Company this week:
- Positive Sentiment: Q4 results beat expectations — Revenue rose ~11% to ~$488M and EPS topped consensus, reflecting continued M&A and capital-markets momentum; management stated it will expand capital returns, supporting near-term upside for the stock. Read More.
- Positive Sentiment: $300M acquireback announced and quarterly dividfinish declared ($0.65/share, ~3.6% yield) — acquirebacks and a meaningful dividfinish increase capital return to shareholders and improve EPS leverage. Read More.
- Positive Sentiment: Analyst price-tarobtain increases — Morgan Stanley raised its tarobtain to $90 (Overweight) and JPMorgan nudged its tarobtain to $81 (Neutral), bringing fresh analyst support and raising the consensus upside. Read More. · Read More.
- Neutral Sentiment: Positive analyst commentary and stock-screen features — coverage pieces (Zacks et al.) highlight Moelis’ growth profile and attractive style scores, which can attract momentum and growth-focutilized investors but are informational rather than catalytic. Read More.
- Neutral Sentiment: Earnings call / deep dives available — Transcripts and slide decks provide detail on deal pipeline, strategic hires and capital-markets expansion; utilizeful for modeling but no new surprises disclosed in headlines. Read More.
- Negative Sentiment: Operational and cash-flow pressure beneath the headline beat — some metrics revealed strains: operating profit and diluted EPS were modestly lower year-over-year in certain reports, and cash from operations and cash balances declined materially, which could limit flexibility if deal activity softens. Read More.
About Moelis & Company
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 focutilizes 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.
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