<div id="readability-page-1"><p>UBS Group assumed coverage on shares of <span>Moelis &amp; Company (NYSE:MC - Get Free Report)</span> in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage set a &#34;neutral&#34; rating and a $70.00 price target on the asset manager's stock. UBS Group's price objective points to a potential downside of 1.72% from the company's previous close.</p><div><p><span></span><span>Get <strong>Moelis &amp; Company</strong> alerts:</span></p></div><ul><li>Dividend Powerhouses: 3 Blue-Chip Stocks Built for the Long Haul</li></ul><p>MC has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft started coverage on Moelis &amp; Company in a research note on Thursday, October 9th. They issued a &#34;buy&#34; rating and a $80.00 price target on the stock. Seaport Res Ptn upgraded Moelis &amp; Company from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Thursday, October 30th. Keefe, Bruyette &amp; Woods decreased their price objective on shares of Moelis &amp; Company from $80.00 to $78.00 and set an &#34;outperform&#34; rating for the company in a report on Thursday, October 30th. BMO Capital Markets initiated coverage on Moelis &amp; Company in a report on Friday, October 3rd. They issued a &#34;market perform&#34; rating and a $74.00 price target on the stock. Finally, Zacks Research lowered shares of Moelis &amp; Company from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research report on Wednesday, October 8th. One investment analyst  has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of &#34;Hold&#34; and a consensus price target of $71.38.</p><p><b>Read Our Latest Stock Analysis on MC</b></p><h2>Moelis &amp; Company Price Performance</h2><ul><li>As Warren Buffett Nears His Exit, Berkshire's Amassed Record Cash</li></ul><p>Shares of NYSE MC traded up $0.67 during mid-day trading on Thursday, hitting $71.22. The company had a trading volume of 141,254 shares, compared to its average volume of 876,435. The company has a market capitalization of $5.58 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 0.74 and a beta of 1.90. The business's 50-day simple moving average is $65.67 and its 200 day simple moving average is $66.97. Moelis &amp; Company has a 1-year low of $47.00 and a 1-year high of $82.89. </p><p>Moelis &amp; Company (NYSE:MC - Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The asset manager reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.57 by $0.11. Moelis &amp; Company had a return on equity of 45.62% and a net margin of 15.98%.The business had revenue of $356.89 million for the quarter, compared to the consensus estimate of $336.14 million. During the same quarter in the prior year, the business posted $0.22 EPS. The business's revenue for the quarter was up 30.4% on a year-over-year basis.  On average, analysts expect that  Moelis &amp; Company will post 2.97 EPS for the current year. </p><h2>Institutional Investors Weigh In On Moelis &amp; Company</h2><ul><li>CAVA Stock Looking for Direction After Earnings Miss</li></ul><p>A number of institutional investors and hedge funds have recently modified their holdings of MC. Bessemer Group Inc. lifted its stake in shares of  Moelis &amp; Company by 89.8% during the 3rd quarter. Bessemer Group Inc. now owns 389 shares of the asset manager's stock worth $28,000 after buying an additional 184 shares during the last quarter.  Allworth Financial LP lifted its position in  Moelis &amp; Company by 153.9% during the third quarter. Allworth Financial LP now owns 419 shares of the asset manager's stock worth $30,000 after purchasing an additional 254 shares during the period.  EverSource Wealth Advisors LLC increased its stake in  Moelis &amp; Company by 89.5% in the second quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager's stock valued at $37,000 after acquiring an additional 282 shares during the last quarter.  Quarry LP raised its stake in  Moelis &amp; Company by 1,811.1% during the third quarter. Quarry LP now owns 516 shares of the asset manager's stock worth $37,000 after acquiring an additional 489 shares in the last quarter.  Finally, Global Retirement Partners LLC lifted its stake in  Moelis &amp; Company by 103.0% in the 3rd quarter. Global Retirement Partners LLC now owns 544 shares of the asset manager's stock valued at $39,000 after purchasing an additional 276 shares during the last quarter. 91.53% of the stock is owned by institutional investors. </p><h2>Moelis &amp; Company Company Profile</h2> (Get Free Report)<p>Moelis &amp; 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.</p><h2>Read More</h2><ul><li>Five stocks we like better than Moelis &amp; Company</li><li>How is Compound Interest Calculated?</li><li>Tesla Bulls See $500 Ahead—But Bears Warn of a Painful Reversal</li><li>What is the S&amp;P 500 and How It is Distinct from Other Indexes</li><li>Missed NVIDIA? Braze Might Be the Next AI Stock Breakout</li><li>How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?</li><li>Walmart’s NASDAQ Switch Could Change Everything for WMT Stock</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1D?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU1D"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Moelis &amp; Company Right Now?</h2><p>Before you consider Moelis &amp; Company, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Moelis &amp; Company wasn't on the list.</p><p>While Moelis &amp; Company currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>UBS Group initiated coverage on Moelis & Company with a 'neutral' rating and a $70.00 target price, indicating a potential downside of 1.72%. Other analysts have mixed ratings, with some giving 'buy' and 'strong-buy' ratings, while others have 'hold' ratings. Moelis & Company recently reported strong quarterly earnings, beating estimates with a 30.4% revenue increase year-over-year. Institutional investors have shown increased interest in the stock.</p>

UBS Group Initiates Coverage on Moelis & Company (NYSE:MC)