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Katherine Pilcher Ciafone, the Chief Operating Officer of Moelis & Co (NYSE:MC), executed a significant transaction on February 19, 2025, as per a recent SEC filing. Ciafone sold 3,515 shares of the company’s Class A Common Stock at an average price of $74 per share, amounting to a total of $260,110. According to InvestingPro data, the stock currently trades at $71.27, suggesting timing may have played a role in the transaction. For deeper insights into insider trading patterns and comprehensive analysis, InvestingPro offers detailed research reports covering 1,400+ US stocks, including Moelis & Co.
In addition to the sale, Ciafone also acquired 7,450.63 shares through the settlement of Restricted Stock Units (RSUs), although these acquisitions did not involve any cash transactions. Furthermore, a small portion of shares, precisely 1.63, was disposed of to cover tax obligations, valued at $120.
After these transactions, Ciafone holds 3,934 shares directly. The sale was primarily conducted to satisfy tax obligations triggered by the delivery of Class A Common Stock upon the settlement of RSUs.
In other recent news, Moelis & Company has reported a significant increase in its financial performance for the fourth quarter and full year ending December 31, 2024. The firm announced fourth-quarter revenues of $438.7 million, which is a 104% rise from the previous year, and full-year GAAP revenues reaching $1,194.5 million, marking a 40% increase. Additionally, Moelis & Company has increased its quarterly dividend by 8% to $0.65 per share. Keefe, Bruyette & Woods raised its price target for Moelis to $92, citing the company’s revenue exceeding expectations by over $100 million. The firm maintained an Outperform rating, reflecting confidence in Moelis’ financial performance and strategic investments.
In another development, Moelis & Company granted a $25 million retention award to its CEO, Ken Moelis, as part of efforts to ensure stable leadership. The award will vest in 2029, aligning with the company’s long-term performance goals. Furthermore, the company announced the retirement of board member John Allison after a decade of service, with no immediate successor named. These recent developments highlight Moelis & Company’s focus on leadership continuity and strategic growth.
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