Moelis & Company (NYSE:MC) Shares Set to Pay Quarterly Dividend of $0.65

Moelis & Company (NYSE:MC) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Monday, November 16th will be given a dividend of $0.65 per share by the asset manager on Thursday, December 17th. This represents a $2.60 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, November 16th.

Moelis & Company has decreased its dividend by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 1 years. Moelis & Company has a payout ratio of 92.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Moelis & Company to earn $4.06 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 64.0%.

Moelis & Company Price Performance

Shares of Moelis & Company stock opened at $58.43 on Friday. Moelis & Company has a 1 year low of $51.06 and a 1 year high of $78.22. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 2.58 and a beta of 1.87. The company has a 50-day moving average of $59.59 and a 200 day moving average of $63.77.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Thursday, November 5th. The asset manager reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $425.58 million during the quarter, compared to analysts’ expectations of $434.17 million. Moelis & Company had a return on equity of 39.59% and a net margin of 14.50%. The firm’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, equities analysts anticipate that Moelis & Company will post 3.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MC shares. Keefe, Bruyette & Woods upgraded shares of Moelis & Company from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, October 7th. Morgan Stanley cut their target price on shares of Moelis & Company from $85.00 to $77.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. The Goldman Sachs Group lowered their price target on Moelis & Company from $71.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Finally, JPMorgan Chase & Co. lowered their price target on Moelis & Company from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Tuesday, October 27th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Moelis & Company has an average rating of “Hold” and a consensus target price of $68.83.

Moelis & Company Company Profile

Moelis & Company (NYSE: MC) is an independent global investment bank that provides strategic and financial advisory services to corporations, financial sponsors, governments and other institutions. Its advisory platform focuses on mergers and acquisitions, recapitalizations, restructurings, capital raising and other complex corporate finance matters.

The firm advises clients across a range of industries, including technology, media and telecommunications; financial services; consumer and retail; energy and infrastructure; healthcare; and industrials.