Moelis & Company (NYSE:MC) Price Target Raised to $100.00

Moelis & Company (NYSE:MC) had its price target raised by Morgan Stanley from $95.00 to $100.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the asset manager’s stock.

Several other equities research analysts have also commented on the company. Wells Fargo & Company decreased their price target on Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $71.00 to $86.00 in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Moelis & Company currently has an average rating of “Hold” and an average price target of $78.83.

Moelis & Company Price Performance

MC opened at $81.24 on Thursday. Moelis & Company has a 12 month low of $46.24 and a 12 month high of $82.89. The stock has a market capitalization of $6.09 billion, a P/E ratio of 153.29 and a beta of 1.40. The business has a 50 day simple moving average of $75.40 and a 200-day simple moving average of $70.67.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, February 5th. The asset manager reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. Research analysts anticipate that Moelis & Company will post 1.05 EPS for the current year.

Moelis & Company Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, February 18th will be paid a $0.65 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $2.60 dividend on an annualized basis and a yield of 3.20%. This is a positive change from Moelis & Company’s previous quarterly dividend of $0.60. Moelis & Company’s dividend payout ratio is presently 452.83%.

Hedge Funds Weigh In On Moelis & Company

Several hedge funds have recently bought and sold shares of MC. Bank of Montreal Can boosted its stake in shares of Moelis & Company by 2.7% during the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock valued at $409,000 after acquiring an additional 192 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Moelis & Company in the second quarter valued at approximately $554,000. GAMMA Investing LLC lifted its stake in shares of Moelis & Company by 115.8% during the third quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock valued at $68,000 after buying an additional 534 shares during the period. Fulton Bank N.A. acquired a new stake in Moelis & Company during the third quarter worth approximately $207,000. Finally, nVerses Capital LLC boosted its position in Moelis & Company by 110.0% during the third quarter. nVerses Capital LLC now owns 6,300 shares of the asset manager’s stock worth $432,000 after acquiring an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

About Moelis & Company

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.