Zacks Investment Research upgraded shares of Moelis & Co (NYSE:MC) from a hold rating to a buy rating in a research report report published on Wednesday morning. They currently have $43.00 price target on the stock.
According to Zacks, “Moelis & Company is a global independent investment bank. The Company provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, and other corporate finance matters. Moelis & Company is based in New York. “
Several other research analysts have also commented on MC. Credit Suisse Group AG restated a neutral rating and set a $26.00 price target on shares of Moelis & Co in a research note on Sunday, November 20th. TheStreet upgraded shares of Moelis & Co from a hold rating to a buy rating in a research note on Friday, November 25th. Bank of America Corp initiated coverage on shares of Moelis & Co in a research note on Wednesday, December 14th. They set a buy rating and a $37.00 price target on the stock. Finally, Aurel – BGC initiated coverage on shares of Moelis & Co in a research note on Wednesday, December 14th. They set a buy rating and a $37.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $34.00.
Moelis & Co (NYSE:MC) traded up 0.26% during midday trading on Wednesday, hitting $38.10. 32,830 shares of the stock traded hands. Moelis & Co has a 1-year low of $21.91 and a 1-year high of $39.90. The stock has a market cap of $992.12 million, a PE ratio of 20.43 and a beta of 1.90. The company has a 50-day moving average of $36.96 and a 200-day moving average of $30.84.
Moelis & Co (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. Moelis & Co had a net margin of 6.26% and a return on equity of 45.11%. The company had revenue of $204.60 million for the quarter, compared to analyst estimates of $187.47 million. During the same quarter in the prior year, the business posted $0.55 EPS. Moelis & Co’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities analysts expect that Moelis & Co will post $1.85 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Friday, March 3rd were paid a dividend of $0.37 per share. This is a positive change from Moelis & Co’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, March 1st. This represents a $1.48 annualized dividend and a dividend yield of 3.89%. Moelis & Co’s dividend payout ratio is 81.53%.
Hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC increased its stake in Moelis & Co by 78.4% in the fourth quarter. Guggenheim Capital LLC now owns 27,287 shares of the company’s stock valued at $925,000 after buying an additional 11,993 shares in the last quarter. Tudor Investment Corp Et Al increased its stake in Moelis & Co by 96.1% in the fourth quarter. Tudor Investment Corp Et Al now owns 24,279 shares of the company’s stock valued at $823,000 after buying an additional 11,899 shares in the last quarter. Renaissance Technologies LLC increased its stake in Moelis & Co by 2.0% in the fourth quarter. Renaissance Technologies LLC now owns 224,000 shares of the company’s stock valued at $7,594,000 after buying an additional 4,447 shares in the last quarter. Raiff Partners Inc. purchased a new stake in Moelis & Co during the fourth quarter valued at about $2,543,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Moelis & Co during the fourth quarter valued at about $2,008,000. 68.96% of the stock is owned by institutional investors and hedge funds.
Moelis & Co Company Profile
Moelis & Company is an investment banking advisory firm. 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. The Company advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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