Moelis & Company (NYSE:MC) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Moelis & Company (NYSE:MC) from a strong sell rating to a hold rating in a report published on Tuesday,Zacks.com reports. Zacks Research also issued estimates for Moelis & Company’s Q4 2027 earnings at $1.66 EPS, Q1 2028 earnings at $1.24 EPS and FY2028 earnings at $5.27 EPS.

Several other research firms also recently issued reports on MC. Weiss Ratings downgraded Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Wall Street Zen downgraded shares of Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group dropped their price target on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Morgan Stanley cut their price target on shares of Moelis & Company from $90.00 to $83.00 and set an “overweight” rating on the stock in a report on Thursday, April 9th. Finally, UBS Group reissued a “sell” rating and set a $60.00 price objective (up from $58.00) on shares of Moelis & Company in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $73.38.

Moelis & Company Price Performance

NYSE MC opened at $70.06 on Tuesday. The business’s 50-day simple moving average is $66.53 and its 200-day simple moving average is $65.70. The firm has a market capitalization of $5.50 billion, a P/E ratio of 25.20, a P/E/G ratio of 0.86 and a beta of 1.85. Moelis & Company has a 1-year low of $51.06 and a 1-year high of $78.22.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, April 29th. The asset manager reported $0.50 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.09). The business had revenue of $319.78 million during the quarter, compared to analyst estimates of $321.51 million. Moelis & Company had a return on equity of 38.94% and a net margin of 14.46%.The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. On average, equities research analysts expect that Moelis & Company will post 3.14 EPS for the current fiscal year.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, May 11th were given a $0.65 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.60 annualized dividend and a dividend yield of 3.7%. Moelis & Company’s dividend payout ratio (DPR) is presently 93.53%.

Institutional Investors Weigh In On Moelis & Company

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

About Moelis & Company

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.