Moelis & Co (NYSE:MC) had its price target decreased by Buckingham Research from $44.00 to $39.00 in a report released on Wednesday, BenzingaRatingsTable reports. Buckingham Research currently has a buy rating on the asset manager’s stock.

MC has been the topic of several other reports. ValuEngine raised shares of Moelis & Co from a sell rating to a hold rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods reissued a market perform rating and set a $39.00 price objective (down from $42.00) on shares of Moelis & Co in a research report on Wednesday, July 31st. Zacks Investment Research downgraded shares of Moelis & Co from a hold rating to a sell rating and set a $38.00 price objective on the stock. in a research report on Monday, August 5th. Finally, Morgan Stanley lowered their price objective on shares of Moelis & Co from $41.00 to $39.00 and set an equal weight rating on the stock in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $44.63.

Moelis & Co stock traded up $1.45 during midday trading on Wednesday, hitting $31.65. 566,358 shares of the company’s stock were exchanged, compared to its average volume of 501,644. Moelis & Co has a 12-month low of $29.56 and a 12-month high of $52.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 7.18 and a current ratio of 7.18. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 10.55 and a beta of 1.98. The firm’s 50 day simple moving average is $32.91 and its 200 day simple moving average is $35.04.

Moelis & Co (NYSE:MC) last issued its quarterly earnings data on Tuesday, July 30th. The asset manager reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.22. Moelis & Co had a net margin of 15.56% and a return on equity of 46.30%. The company had revenue of $153.50 million for the quarter, compared to the consensus estimate of $153.84 million. During the same period last year, the firm posted $0.78 EPS. Moelis & Co’s revenue for the quarter was down 30.4% on a year-over-year basis. On average, equities research analysts forecast that Moelis & Co will post 2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, August 9th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend was Thursday, August 8th. Moelis & Co’s dividend payout ratio (DPR) is presently 66.67%.

In other news, CFO Joseph Simon sold 17,528 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $33.64, for a total value of $589,641.92. Following the completion of the sale, the chief financial officer now owns 43,374 shares in the company, valued at approximately $1,459,101.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.67% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Moelis & Co by 13.1% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 8,424,366 shares of the asset manager’s stock valued at $294,432,000 after purchasing an additional 976,172 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Moelis & Co by 36.9% in the second quarter. JPMorgan Chase & Co. now owns 2,203,516 shares of the asset manager’s stock valued at $76,065,000 after purchasing an additional 593,438 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of Moelis & Co in the second quarter valued at about $16,452,000. Wasatch Advisors Inc. acquired a new stake in shares of Moelis & Co in the second quarter valued at about $14,557,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Moelis & Co in the second quarter valued at about $12,098,000. Institutional investors own 74.84% of the company’s stock.

Moelis & Co Company Profile

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

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Analyst Recommendations for Moelis & Co (NYSE:MC)

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