Moelis & Company (NYSE:MC) Rating Reiterated by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Moelis & Company (NYSE:MC) in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a $54.00 target price on the asset manager’s stock, down from their prior target price of $58.00.

Other analysts also recently issued reports about the company. JMP Securities reaffirmed a market perform rating on shares of Moelis & Company in a report on Tuesday, April 9th. UBS Group cut their target price on Moelis & Company from $46.00 to $45.00 and set a sell rating on the stock in a research report on Tuesday, March 26th. JPMorgan Chase & Co. raised their target price on Moelis & Company from $46.00 to $57.00 and gave the stock a neutral rating in a research report on Thursday, February 8th. StockNews.com raised Moelis & Company from a sell rating to a hold rating in a research report on Thursday, February 8th. Finally, The Goldman Sachs Group raised Moelis & Company from a sell rating to a neutral rating and raised their target price for the stock from $53.00 to $58.00 in a research report on Wednesday, March 13th. Two 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 a consensus target price of $50.80.

Moelis & Company Trading Down 1.0 %

Shares of Moelis & Company stock opened at $49.75 on Thursday. Moelis & Company has a 52-week low of $33.87 and a 52-week high of $58.67. The company has a 50 day moving average of $54.07 and a 200 day moving average of $51.59.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The business had revenue of $217.49 million for the quarter, compared to analyst estimates of $219.30 million. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.13%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the business earned $0.05 EPS. On average, research analysts predict that Moelis & Company will post 1.29 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders 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 4.82%. The ex-dividend date is Friday, May 3rd. Moelis & Company’s dividend payout ratio (DPR) is presently -1,263.16%.

Insiders Place Their Bets

In other Moelis & Company news, CEO Kenneth Moelis sold 75,000 shares of Moelis & Company stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $54.11, for a total transaction of $4,058,250.00. Following the transaction, the chief executive officer now owns 86,441 shares of the company’s stock, valued at $4,677,322.51. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Moelis & Company news, CEO Kenneth Moelis sold 75,000 shares of Moelis & Company stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $54.11, for a total transaction of $4,058,250.00. Following the transaction, the chief executive officer now owns 86,441 shares of the company’s stock, valued at $4,677,322.51. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Joseph Simon sold 8,149 shares of Moelis & Company stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $428,637.40. Following the transaction, the chief financial officer now directly owns 8,573 shares in the company, valued at approximately $450,939.80. The disclosure for this sale can be found here. Insiders have sold a total of 375,185 shares of company stock valued at $20,130,225 over the last quarter. Company insiders own 6.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MC. Mendota Financial Group LLC acquired a new position in shares of Moelis & Company in the fourth quarter valued at approximately $34,000. GAMMA Investing LLC acquired a new position in shares of Moelis & Company in the fourth quarter valued at approximately $34,000. Hexagon Capital Partners LLC increased its holdings in shares of Moelis & Company by 147.9% in the first quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after purchasing an additional 392 shares during the period. Assetmark Inc. increased its holdings in shares of Moelis & Company by 22.5% in the fourth quarter. Assetmark Inc. now owns 1,505 shares of the asset manager’s stock valued at $84,000 after purchasing an additional 276 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of Moelis & Company in the third quarter valued at approximately $99,000. Institutional investors and hedge funds 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.