ValuEngine upgraded shares of Moelis & Co (NYSE:MC) from a strong sell rating to a sell rating in a research report released on Thursday, ValuEngine reports.

Other analysts have also issued reports about the stock. Morgan Stanley set a $36.00 price objective on shares of ArcBest and gave the company a hold rating in a research note on Monday. Buckingham Research reduced their price objective on shares of PJT Partners from $49.00 to $42.00 and set a neutral rating for the company in a research note on Thursday. JMP Securities raised their price objective on shares of Stifel Financial from $61.00 to $65.00 and gave the company a market outperform rating in a research note on Monday, April 8th. Bank of America set a $7.00 price objective on shares of Deutsche Bank and gave the company a sell rating in a research note on Thursday, April 11th. Finally, Zacks Investment Research upgraded shares of Hope Bancorp from a sell rating to a hold rating in a research note on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Moelis & Co has a consensus rating of Hold and a consensus target price of $50.56.

NYSE:MC traded up $0.66 on Thursday, reaching $34.25. 127,788 shares of the stock traded hands, compared to its average volume of 497,448. The firm has a market capitalization of $2.04 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.97. The company has a quick ratio of 10.48, a current ratio of 10.48 and a debt-to-equity ratio of 0.21. Moelis & Co has a 12 month low of $31.64 and a 12 month high of $65.94. The stock’s fifty day moving average is $33.63.

Moelis & Co (NYSE:MC) last released its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.08. The business had revenue of $137.78 million during the quarter, compared to analyst estimates of $141.54 million. Moelis & Co had a net margin of 15.04% and a return on equity of 49.19%. Moelis & Co’s revenue was down 37.2% compared to the same quarter last year. During the same period last year, the business earned $0.84 EPS. As a group, research analysts predict that Moelis & Co will post 2.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Friday, May 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend was Thursday, May 9th. Moelis & Co’s payout ratio is presently 66.67%.

In other news, General Counsel Osamu R. Watanabe sold 16,972 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $37.50, for a total transaction of $636,450.00. Following the sale, the general counsel now owns 34,075 shares of the company’s stock, valued at approximately $1,277,812.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher Callesano sold 3,500 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $38.00, for a total transaction of $133,000.00. Following the sale, the insider now directly owns 7,269 shares in the company, valued at approximately $276,222. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 227,181 shares of company stock worth $8,350,975. Insiders own 19.67% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank purchased a new position in Moelis & Co during the fourth quarter valued at approximately $14,283,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Moelis & Co by 4.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,448,194 shares of the asset manager’s stock valued at $309,920,000 after purchasing an additional 331,793 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Moelis & Co by 33.1% during the first quarter. Wells Fargo & Company MN now owns 1,269,795 shares of the asset manager’s stock valued at $52,837,000 after purchasing an additional 316,116 shares in the last quarter. Marshall Wace LLP lifted its holdings in Moelis & Co by 289.4% during the first quarter. Marshall Wace LLP now owns 416,538 shares of the asset manager’s stock valued at $17,332,000 after purchasing an additional 309,566 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Moelis & Co by 258.4% during the fourth quarter. Millennium Management LLC now owns 417,751 shares of the asset manager’s stock valued at $14,362,000 after purchasing an additional 301,206 shares in the last quarter. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

About Moelis & Co

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

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Analyst Recommendations for Moelis & Co (NYSE:MC)

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