The Goldman Sachs Group Boosts Moelis & Company (NYSE:MC) Price Target to $87.00

Moelis & Company (NYSE:MC) had its target price hoisted by stock analysts at The Goldman Sachs Group from $79.00 to $87.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the asset manager’s stock. The Goldman Sachs Group’s target price points to a potential upside of 10.45% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 target price (up from $86.00) on shares of Moelis & Company in a research note on Thursday. Wells Fargo & Company upped their target price on shares of Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Moelis & Company has a consensus rating of “Hold” and an average target price of $78.83.

Moelis & Company Stock Down 3.0 %

MC opened at $78.77 on Thursday. The company’s 50-day moving average price is $75.51 and its 200 day moving average price is $70.75. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $82.89. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 148.62 and a beta of 1.40.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. Research analysts anticipate that Moelis & Company will post 1.05 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Moelis & Company by 0.7% in the third quarter. Geode Capital Management LLC now owns 1,590,316 shares of the asset manager’s stock worth $108,973,000 after purchasing an additional 10,698 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Moelis & Company by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,552 shares of the asset manager’s stock worth $69,119,000 after buying an additional 12,632 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Moelis & Company by 13.7% in the third quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock valued at $55,141,000 after buying an additional 96,720 shares during the period. Assenagon Asset Management S.A. boosted its stake in Moelis & Company by 7.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 768,945 shares of the asset manager’s stock valued at $56,810,000 after buying an additional 53,473 shares in the last quarter. Finally, Emerald Advisers LLC grew its holdings in Moelis & Company by 1.3% during the third quarter. Emerald Advisers LLC now owns 440,330 shares of the asset manager’s stock worth $30,167,000 after acquiring an additional 5,844 shares during the period. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Company Profile

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.