Moelis & Company Declares Quarterly Dividend of $0.37 (MC)

Moelis & Company (NYSE:MC) declared a quarterly dividend on Monday, July 24th, NASDAQ reports. Stockholders of record on Thursday, August 3rd will be paid a dividend of 0.37 per share by the asset manager on Thursday, August 17th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.86%. The ex-dividend date is Tuesday, August 1st.

Moelis & has a payout ratio of 68.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Moelis & to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 64.9%.

Shares of Moelis & (NYSE MC) traded down 0.39% on Friday, hitting $38.30. The stock had a trading volume of 238,240 shares. The stock has a 50 day moving average price of $39.78 and a 200-day moving average price of $37.85. Moelis & has a 12-month low of $23.60 and a 12-month high of $44.85. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 17.72 and a beta of 1.87.

Moelis & (NYSE:MC) last posted its earnings results on Monday, July 24th. The asset manager reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.15. The business had revenue of $172.10 million for the quarter, compared to analysts’ expectations of $156.85 million. Moelis & had a return on equity of 52.98% and a net margin of 8.50%. The business’s revenue was up 30.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.35 earnings per share. On average, equities analysts expect that Moelis & will post $2.25 earnings per share for the current year.

MC has been the topic of several recent research reports. Zacks Investment Research cut Moelis & from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. JMP Securities boosted their price target on Moelis & from $42.00 to $44.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 25th. Morgan Stanley boosted their price target on Moelis & from $39.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, July 25th. BidaskClub cut Moelis & from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods initiated coverage on Moelis & in a research report on Friday, May 5th. They issued a “mkt perform” rating on the stock. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Moelis & presently has a consensus rating of “Buy” and a consensus target price of $39.22.

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Moelis & Company Profile

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.

Dividend History for Moelis & (NYSE:MC)

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