Moelis & Company (NYSE:MC) Price Target Lowered to $66.00 at Keefe, Bruyette & Woods

Moelis & Company (NYSE:MC) had its price objective decreased by Keefe, Bruyette & Woods from $69.00 to $66.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the asset manager’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 0.76% from the stock’s previous close.

Other research analysts have also issued reports about the company. Weiss Ratings cut Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 26th. Morgan Stanley cut their price objective on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. The Goldman Sachs Group decreased their target price on Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. UBS Group restated a “sell” rating and set a $60.00 target price (up from $58.00) on shares of Moelis & Company in a report on Wednesday. Finally, Zacks Research downgraded Moelis & Company from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Moelis & Company currently has an average rating of “Hold” and an average target price of $72.33.

Moelis & Company Stock Performance

Shares of MC stock opened at $65.50 on Friday. The firm has a market cap of $5.15 billion, a P/E ratio of 23.56, a P/E/G ratio of 0.77 and a beta of 1.85. The firm’s 50 day moving average price is $66.44 and its 200-day moving average price is $65.82. Moelis & Company has a one year low of $51.06 and a one year high of $78.22.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, April 29th. The asset manager reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.09). The company had revenue of $319.78 million during the quarter, compared to analyst estimates of $321.51 million. Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.64 EPS. As a group, research analysts predict that Moelis & Company will post 3.17 EPS for the current fiscal year.

Institutional Trading of Moelis & Company

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in shares of Moelis & Company by 11.5% in the second quarter. GAMMA Investing LLC now owns 1,489 shares of the asset manager’s stock valued at $97,000 after acquiring an additional 153 shares in the last quarter. Hantz Financial Services Inc. grew its stake in Moelis & Company by 64.4% during the 4th quarter. Hantz Financial Services Inc. now owns 416 shares of the asset manager’s stock worth $29,000 after purchasing an additional 163 shares in the last quarter. Wesbanco Bank Inc. grew its stake in Moelis & Company by 2.1% during the 4th quarter. Wesbanco Bank Inc. now owns 8,889 shares of the asset manager’s stock worth $611,000 after purchasing an additional 180 shares in the last quarter. GW Henssler & Associates Ltd. increased its holdings in Moelis & Company by 5.6% during the 4th quarter. GW Henssler & Associates Ltd. now owns 3,433 shares of the asset manager’s stock worth $236,000 after purchasing an additional 181 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its holdings in Moelis & Company by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 16,955 shares of the asset manager’s stock worth $1,165,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 91.53% of the company’s stock.

Moelis & Company Company Profile

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 focuses 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.