Moelis & Company (NYSE:MC) Earns “Market Perform” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Moelis & Company (NYSE:MC) in a research note published on Thursday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $54.00 target price on the asset manager’s stock, down from their previous target price of $58.00.

Several other equities research analysts have also issued reports on the stock. StockNews.com raised shares of Moelis & Company from a sell rating to a hold rating in a report on Thursday, February 8th. UBS Group lowered their price objective on Moelis & Company from $46.00 to $45.00 and set a sell rating on the stock in a research note on Tuesday, March 26th. The Goldman Sachs Group upgraded Moelis & Company from a sell rating to a neutral rating and upped their price target for the company from $53.00 to $58.00 in a research report on Wednesday, March 13th. JMP Securities restated a market perform rating on shares of Moelis & Company in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Moelis & Company from $46.00 to $57.00 and gave the stock a neutral rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat.com, Moelis & Company has a consensus rating of Hold and an average target price of $50.80.

Moelis & Company Stock Down 0.2 %

Shares of MC traded down $0.10 during mid-day trading on Thursday, hitting $50.16. 299,939 shares of the company’s stock were exchanged, compared to its average volume of 639,318. Moelis & Company has a twelve month low of $33.87 and a twelve month high of $58.67. The firm has a fifty day moving average of $54.19 and a two-hundred day moving average of $51.50. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of -264.53 and a beta of 1.35.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.13%. The business had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. During the same quarter in the previous year, the firm posted $0.05 earnings per share. Moelis & Company’s revenue was up 17.4% compared to the same quarter last year. On average, equities analysts predict that Moelis & Company will post 1.47 earnings per share for the current year.

Moelis & Company Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 6th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Friday, May 3rd. Moelis & Company’s payout ratio is -1,263.16%.

Insider Buying and Selling at Moelis & Company

In other news, insider Navid Mahmoodzadegan sold 20,001 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $55.82, for a total value of $1,116,455.82. Following the completion of the transaction, the insider now owns 79,859 shares of the company’s stock, valued at approximately $4,457,729.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Navid Mahmoodzadegan sold 20,001 shares of Moelis & Company stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $55.82, for a total value of $1,116,455.82. Following the sale, the insider now owns 79,859 shares of the company’s stock, valued at $4,457,729.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kenneth Moelis sold 128,277 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the completion of the sale, the chief executive officer now directly owns 161,810 shares of the company’s stock, valued at approximately $8,511,206. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 375,185 shares of company stock valued at $20,130,225. 6.96% of the stock is currently owned by company insiders.

Institutional Trading of Moelis & Company

Several large investors have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Moelis & Company by 21.2% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 5,928 shares of the asset manager’s stock valued at $268,000 after purchasing an additional 1,035 shares during the period. New York State Teachers Retirement System grew its stake in Moelis & Company by 20.1% in the 3rd quarter. New York State Teachers Retirement System now owns 21,024 shares of the asset manager’s stock valued at $949,000 after buying an additional 3,524 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Moelis & Company by 14.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,799 shares of the asset manager’s stock worth $487,000 after acquiring an additional 1,394 shares in the last quarter. Strs Ohio grew its position in shares of Moelis & Company by 28.6% in the third quarter. Strs Ohio now owns 3,600 shares of the asset manager’s stock valued at $162,000 after purchasing an additional 800 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Moelis & Company by 6.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,484 shares of the asset manager’s stock worth $1,331,000 after buying an additional 1,741 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Company Profile

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.