JMP Securities Reiterates “Market Perform” Rating for Moelis & Company (NYSE:MC)

Moelis & Company (NYSE:MC)‘s stock had its “market perform” rating reaffirmed by analysts at JMP Securities in a research note issued on Thursday,Benzinga reports.

Other research analysts also recently issued reports about the stock. Morgan Stanley boosted their target price on shares of Moelis & Company from $95.00 to $100.00 and gave the company an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and raised their target price for the company from $71.00 to $86.00 in a research report on Friday, December 20th. Finally, Wells Fargo & Company boosted their price target on Moelis & Company from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $73.00.

Moelis & Company Stock Up 3.0 %

Shares of Moelis & Company stock traded up $2.37 on Thursday, reaching $82.05. The stock had a trading volume of 551,547 shares, compared to its average volume of 704,148. The company has a 50 day moving average price of $75.40 and a 200 day moving average price of $70.67. The stock has a market capitalization of $6.15 billion, a P/E ratio of 154.96 and a beta of 1.40. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $82.89.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in Moelis & Company by 148.3% during the fourth quarter. Jones Financial Companies Lllp now owns 822 shares of the asset manager’s stock worth $61,000 after purchasing an additional 491 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Moelis & Company by 368.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,016 shares of the asset manager’s stock worth $75,000 after buying an additional 799 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Moelis & Company by 252.8% during the 4th quarter. Fisher Asset Management LLC now owns 220,770 shares of the asset manager’s stock valued at $16,310,000 after buying an additional 158,200 shares during the period. Proficio Capital Partners LLC acquired a new position in Moelis & Company in the fourth quarter valued at approximately $10,158,000. Finally, Los Angeles Capital Management LLC grew its position in Moelis & Company by 7.5% in the fourth quarter. Los Angeles Capital Management LLC now owns 13,167 shares of the asset manager’s stock worth $973,000 after acquiring an additional 919 shares during the period. Institutional investors and hedge funds own 91.53% of the company’s stock.

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.