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NEW YORK—Simon Joseph, the Chief Financial Officer of Moelis & Co (NYSE:MC), recently sold a significant amount of the firm’s Class A common stock. According to a recent SEC filing, Mr. Joseph sold 5,758 shares on February 19, 2025, at a price of $74 per share, totaling approximately $426,092.
In addition to the sale, Mr. Joseph engaged in other transactions on the same day. He acquired 11,824.35 shares of Class A common stock upon settlement of Restricted Stock Units (RSUs) and disposed of 1.35 shares to cover tax obligations at $74 per share, amounting to $99. The transactions occurred as Moelis & Co, currently valued at $5.48 billion, maintains a healthy 3.65% dividend yield.
The transactions reflect Mr. Joseph’s strategic management of his holdings in Moelis & Co, where he continues to maintain a substantial position. After these activities, Mr. Joseph holds a total of 22,832 shares directly.
In other recent news, Moelis & Company reported a significant increase in its financial performance for the fourth quarter and the full year ending December 31, 2024. The firm announced fourth-quarter revenues of $438.7 million, a 104% rise from the same period the previous year, and full-year GAAP revenues of $1,194.5 million. The company also raised its quarterly dividend by 8% to $0.65 per share, reflecting its strong financial standing. Additionally, Keefe, Bruyette & Woods raised its price target for Moelis & Company to $92, citing the firm’s impressive revenue figures that exceeded expectations by over $100 million. The investment firm maintained an Outperform rating on the stock, noting Moelis’ robust financial results and strategic moves. Moelis & Company also announced a $25 million retention award for its CEO, Ken Moelis, to ensure leadership continuity. Furthermore, the company disclosed the retirement of board member John Allison, who served for a decade. These developments highlight Moelis & Company’s strategic focus on leadership stability and shareholder value enhancement.
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