Todays Report: Today, Moelis & Co. (MC) Receives Consensus Rating of “Hold” from Analysts

Today, Moelis & Co. (MC) Receives Consensus Rating of “Hold” from Analysts

Moelis & Co. (NYSE:MC) has received an average rating of “Hold” from the eight analysts that are covering the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $28.60.

Several analysts have recently weighed in on MC shares. Zacks Investment Research downgraded Moelis & Co. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 11th. Credit Suisse Group AG reiterated a “neutral” rating and issued a $26.00 price target on shares of Moelis & Co. in a research note on Sunday, November 20th. Finally, Sandler O’Neill downgraded Moelis & Co. from a “buy” rating to a “hold” rating and decreased their price target for the stock from $30.00 to $27.00 in a research note on Thursday, October 13th.

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in Moelis & Co. by 3.1% in the second quarter. Dimensional Fund Advisors LP now owns 288,192 shares of the company’s stock worth $6,484,000 after buying an additional 8,644 shares during the period. Victory Capital Management Inc. increased its position in shares of Moelis & Co. by 17.6% in the second quarter. Victory Capital Management Inc. now owns 15,222 shares of the company’s stock worth $342,000 after buying an additional 2,277 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Moelis & Co. by 9.3% in the second quarter. JPMorgan Chase & Co. now owns 1,175,914 shares of the company’s stock worth $26,458,000 after buying an additional 99,629 shares during the last quarter. Royce & Associates LP increased its position in shares of Moelis & Co. by 9.8% in the second quarter. Royce & Associates LP now owns 2,015,571 shares of the company’s stock worth $45,350,000 after buying an additional 179,115 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Moelis & Co. by 126.0% in the second quarter. GSA Capital Partners LLP now owns 41,484 shares of the company’s stock worth $933,000 after buying an additional 23,125 shares during the last quarter. Institutional investors and hedge funds own 84.77% of the company’s stock.

Moelis & Co. (NYSE:MC) traded up 2.23% during mid-day trading on Friday, reaching $29.75. The company’s stock had a trading volume of 36,376 shares. The stock’s 50-day moving average is $26.15 and its 200-day moving average is $25.89. Moelis & Co. has a 12 month low of $21.91 and a 12 month high of $30.16. The firm has a market capitalization of $613.00 million, a PE ratio of 18.03 and a beta of 1.75.

Moelis & Co. (NYSE:MC) last announced its earnings results on Wednesday, October 26th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.10. The company earned $150.70 million during the quarter, compared to the consensus estimate of $131.69 million. Moelis & Co. had a return on equity of 40.28% and a net margin of 5.92%. The company’s revenue was down .7% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. On average, equities analysts anticipate that Moelis & Co. will post $1.63 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 7th. Investors of record on Tuesday, November 22nd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.40%. This is an increase from Moelis & Co.’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, November 18th. Moelis & Co.’s dividend payout ratio (DPR) is 85.91%.

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