Moelis & Co (NYSE:MC) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $41.83.

Several research analysts have recently commented on MC shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $39.00 price target (down from $42.00) on shares of Moelis & Co in a research report on Wednesday, July 31st. Buckingham Research lowered their price target on Moelis & Co from $44.00 to $39.00 and set a “buy” rating for the company in a research report on Wednesday, October 9th. ValuEngine upgraded Moelis & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research upgraded Moelis & Co from a “sell” rating to a “hold” rating and set a $39.00 price target for the company in a research report on Friday, November 1st. Finally, Morgan Stanley lowered their price target on Moelis & Co from $41.00 to $39.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 8th.

In related news, insider Christopher Callesano sold 4,797 shares of Moelis & Co stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $36.10, for a total value of $173,171.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Osamu R. Watanabe sold 15,776 shares of Moelis & Co stock in a transaction on Monday, November 4th. The shares were sold at an average price of $35.33, for a total value of $557,366.08. Following the completion of the transaction, the general counsel now owns 32,876 shares of the company’s stock, valued at $1,161,509.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,394 shares of company stock valued at $4,317,821. 19.67% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC purchased a new position in Moelis & Co in the third quarter valued at $41,000. Shine Investment Advisory Services Inc. acquired a new stake in Moelis & Co in the second quarter valued at $66,000. Macquarie Group Ltd. acquired a new stake in Moelis & Co in the second quarter valued at $136,000. Bank of Montreal Can acquired a new stake in Moelis & Co in the second quarter valued at $138,000. Finally, HM Payson & Co. acquired a new stake in Moelis & Co in the second quarter valued at $180,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Shares of MC traded up $0.20 during midday trading on Monday, hitting $33.72. 208,082 shares of the stock were exchanged, compared to its average volume of 506,734. Moelis & Co has a 52-week low of $29.56 and a 52-week high of $48.69. The stock has a fifty day simple moving average of $32.66 and a 200 day simple moving average of $33.81. The firm has a market cap of $2.03 billion, a P/E ratio of 11.24 and a beta of 2.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.53 and a current ratio of 2.53.

Moelis & Co (NYSE:MC) last released its quarterly earnings results on Wednesday, October 30th. The asset manager reported $0.76 EPS for the quarter, topping the consensus estimate of $0.57 by $0.19. Moelis & Co had a return on equity of 47.82% and a net margin of 16.14%. The business had revenue of $231.70 million during the quarter, compared to analyst estimates of $198.15 million. During the same period last year, the business posted $0.62 earnings per share. The company’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities research analysts forecast that Moelis & Co will post 2.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.50 dividend. The ex-dividend date is Thursday, November 7th. This represents a $2.00 dividend on an annualized basis and a yield of 5.93%. Moelis & Co’s dividend payout ratio (DPR) is presently 66.67%.

Moelis & Co Company Profile

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

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Analyst Recommendations for Moelis & Co (NYSE:MC)

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