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. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds. The company serves its clients in North and South America, Europe, the Middle East, Asia, and Australia. It has strategic alliances in Mexico with Alfaro, Dávila y Scherer, S.C.; and in Australia with MA Moelis Australia. The company was founded in 2007 and is headquartered in New York, New York.
Moelis & Company Stock Up 0.4 %
Moelis & Company stock traded up $0.17 during mid-day trading on Friday, hitting $44.76. 296,886 shares of the company's stock were exchanged, compared to its average volume of 588,871. The firm has a market capitalization of $3.08 billion, a P/E ratio of 9.58 and a beta of 1.28. Moelis & Company has a fifty-two week low of $37.16 and a fifty-two week high of $77.49. The company's 50 day simple moving average is $41.95 and its 200-day simple moving average is $45.56.
Moelis & Company (NYSE:MC - Get Rating) last issued its quarterly earnings data on Wednesday, July 27th. The asset manager reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). The business had revenue of $242.52 million for the quarter, compared to analyst estimates of $199.79 million. Moelis & Company had a return on equity of 76.91% and a net margin of 22.19%. The business's quarterly revenue was down 32.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. Research analysts expect that Moelis & Company will post 2.85 EPS for the current year.
Moelis & Company Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Monday, August 8th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 5.36%. The ex-dividend date is Friday, August 5th. Moelis & Company's payout ratio is presently 51.39%.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Morgan Stanley downgraded Moelis & Company from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $53.00 to $36.00 in a research note on Monday, July 18th. The Goldman Sachs Group cut their price target on Moelis & Company from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 12th. UBS Group increased their price target on Moelis & Company from $40.00 to $43.00 and gave the company a "neutral" rating in a research note on Thursday, July 28th. Wolfe Research downgraded Moelis & Company from a "peer perform" rating to an "underperform" rating and set a $42.00 price target on the stock. in a research note on Monday, July 11th. Finally, Piper Sandler cut their price target on Moelis & Company from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Friday, July 8th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $44.67.
Insider Buying and Selling
In other Moelis & Company news, COO Elizabeth Crain sold 7,000 shares of the stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $47.08, for a total transaction of $329,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.97% of the stock is currently owned by company insiders.