Moelis & Company (NYSE:MC) Earns Outperform Rating from Keefe, Bruyette & Woods

Moelis & Company (NYSE:MC)‘s stock had its “outperform” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a report issued on Thursday,Benzinga reports. They presently have a $92.00 target price on the asset manager’s stock, up from their previous target price of $86.00. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 16.80% from the company’s current price.

Other analysts have also issued reports about the stock. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research report on Thursday. Morgan Stanley increased their target price on shares of Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Wells Fargo & Company lifted their target price on shares of Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $78.83.

Moelis & Company Stock Performance

NYSE MC opened at $78.77 on Thursday. The firm’s 50 day moving average price is $75.51 and its two-hundred day moving average price is $70.75. Moelis & Company has a twelve month low of $46.24 and a twelve month high of $82.89. The stock 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 posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.79. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. On average, research analysts forecast that Moelis & Company will post 1.05 EPS for the current fiscal year.

Institutional Trading of Moelis & Company

Large investors have recently added to or reduced their stakes in the business. Trust Point Inc. raised its holdings in shares of Moelis & Company by 0.8% during the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock valued at $1,300,000 after purchasing an additional 147 shares in the last quarter. Arizona State Retirement System increased its position in Moelis & Company by 0.8% during the fourth quarter. Arizona State Retirement System now owns 20,420 shares of the asset manager’s stock worth $1,509,000 after buying an additional 163 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in Moelis & Company by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock valued at $946,000 after buying an additional 172 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Moelis & Company by 18.1% in the fourth quarter. GAMMA Investing LLC now owns 1,175 shares of the asset manager’s stock worth $87,000 after buying an additional 180 shares during the last quarter. Finally, Choreo LLC boosted its stake in shares of Moelis & Company by 4.0% during the 4th quarter. Choreo LLC now owns 4,831 shares of the asset manager’s stock worth $358,000 after acquiring an additional 187 shares in the last quarter. 91.53% of the stock is owned by institutional investors.

About Moelis & Company

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.