Moelis & Company (NYSE:MC) Now Covered by Analysts at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has initiated coverage on Moelis & Company, assigning a "buy" rating and a price target of $80.00, indicating a potential upside of 20.93% from its previous close.
• Moelis & Company reported a significant earnings beat with $0.53 EPS for the last quarter, surpassing analysts' expectations of $0.32, alongside a 38.1% year-over-year revenue increase.
• Ownership changes include significant stock sales by company insiders, with one director reducing their stake by 26.89% after selling shares at an average price of $72.52.

Equities researchers at Deutsche Bank Aktiengesellschaft initiated coverage on shares of Moelis & Company (NYSE:MC - Get Free Report) in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. The brokerage set a "buy" rating and a $80.00 price target on the asset manager's stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 20.93% from the stock's previous close.

Other research analysts also recently issued reports about the company. Morgan Stanley increased their price objective on Moelis & Company from $74.00 to $90.00 and gave the company an "overweight" rating in a research note on Monday, September 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Moelis & Company in a research note on Wednesday. Keefe, Bruyette & Woods boosted their target price on Moelis & Company from $69.00 to $89.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Wells Fargo & Company upped their price target on Moelis & Company from $50.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Finally, BMO Capital Markets started coverage on Moelis & Company in a research report on Friday, October 3rd. They set a "market perform" rating and a $74.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $73.14.

Moelis & Company Stock Performance

NYSE:MC opened at $66.16 on Thursday. The stock has a market capitalization of $5.19 billion, a PE ratio of 26.05 and a beta of 1.77. Moelis & Company has a fifty-two week low of $47.00 and a fifty-two week high of $82.89. The company has a fifty day moving average of $71.85 and a two-hundred day moving average of $63.61.

Moelis & Company (NYSE:MC - Get Free Report) last released its earnings results on Thursday, July 24th. The asset manager reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.21. Moelis & Company had a net margin of 14.31% and a return on equity of 42.72%. The business had revenue of $365.38 million during the quarter, compared to analysts' expectations of $269.57 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The company's quarterly revenue was up 38.1% on a year-over-year basis. Research analysts forecast that Moelis & Company will post 2.97 earnings per share for the current year.

Insider Activity

In other Moelis & Company news, Director Kenneth Shropshire sold 2,615 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $72.52, for a total transaction of $189,639.80. Following the completion of the transaction, the director owned 7,109 shares of the company's stock, valued at $515,544.68. This trade represents a 26.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Osamu R. Watanabe sold 6,340 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $72.64, for a total transaction of $460,537.60. Following the completion of the sale, the general counsel directly owned 131 shares in the company, valued at $9,515.84. This trade represents a 97.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Moelis & Company by 89.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager's stock valued at $37,000 after buying an additional 282 shares during the period. eCIO Inc. purchased a new position in Moelis & Company during the 1st quarter valued at about $50,000. Canton Hathaway LLC acquired a new position in Moelis & Company in the 2nd quarter valued at about $51,000. NBC Securities Inc. purchased a new stake in Moelis & Company during the first quarter worth about $59,000. Finally, Neo Ivy Capital Management purchased a new stake in Moelis & Company during the second quarter worth about $75,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

Moelis & Company Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.

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