BidaskClub upgraded shares of Moelis & Company (NYSE:MC) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday, July 12th.
A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Moelis & from a strong-buy rating to a hold rating in a research report on Wednesday, June 28th. ValuEngine upgraded shares of Moelis & from a hold rating to a buy rating in a research report on Thursday, June 1st. Finally, Keefe, Bruyette & Woods restated a market perform rating on shares of Moelis & in a research report on Monday, May 15th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $39.22.
Moelis & (NYSE MC) traded down 1.28% during midday trading on Wednesday, reaching $38.55. 465,145 shares of the company’s stock traded hands. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 17.83 and a beta of 1.87. The stock’s 50 day moving average price is $39.72 and its 200 day moving average price is $37.69. Moelis & has a 1-year low of $23.60 and a 1-year high of $44.85.
Moelis & (NYSE:MC) last issued its quarterly earnings results on Monday, July 24th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.15. The firm had revenue of $172.10 million for the quarter, compared to the consensus estimate of $156.85 million. Moelis & had a net margin of 8.50% and a return on equity of 52.98%. The company’s revenue for the quarter was up 30.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 EPS. Equities research analysts anticipate that Moelis & will post $2.25 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Moelis & Company (NYSE:MC) Upgraded by BidaskClub to Strong-Buy” was originally posted by Community Financial News and is the property of of Community Financial News. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/11/moelis-company-nysemc-raised-to-strong-buy-at-bidaskclub-updated-updated-updated.html.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, August 1st. This represents a $1.48 annualized dividend and a yield of 3.84%. Moelis &’s payout ratio is 74.00%.
In other Moelis & news, Chairman Kenneth Moelis sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $37.46, for a total transaction of $561,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 64.47% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. acquired a new position in Moelis & during the first quarter valued at $39,733,000. AGF Investments Inc. purchased a new stake in Moelis & during the second quarter valued at about $21,907,000. Russell Investments Group Ltd. raised its stake in Moelis & by 2,701.1% in the first quarter. Russell Investments Group Ltd. now owns 566,075 shares of the asset manager’s stock valued at $21,794,000 after buying an additional 545,866 shares during the last quarter. Vanguard Group Inc. raised its stake in Moelis & by 31.1% in the first quarter. Vanguard Group Inc. now owns 1,920,061 shares of the asset manager’s stock valued at $73,923,000 after buying an additional 455,098 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its stake in Moelis & by 1,398.3% in the first quarter. Emerald Mutual Fund Advisers Trust now owns 460,565 shares of the asset manager’s stock valued at $17,732,000 after buying an additional 429,825 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.
About Moelis &
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
What are top analysts saying about Moelis & Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Moelis & Company and related companies.