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Eric Cantor, Vice Chairman and Managing Director at Moelis & Co (NYSE:MC), recently sold 16,530 shares of the company’s Class A Common Stock. The shares were sold at a price of $74 each, totaling approximately $1.22 million. This sale was conducted on February 19, 2025, according to a Form 4 filing with the Securities and Exchange Commission.
In addition to the sale, Cantor also acquired 37,612.5 shares of Class A Common Stock through the settlement of Restricted Stock Units (RSUs). These transactions did not involve any cash exchange as the RSUs were settled without a purchase price.
Furthermore, Cantor disposed of a small portion of shares—1.5 shares—at $74 per share, amounting to $111, to cover tax obligations triggered by the delivery of stock upon the settlement of RSUs.
Following these transactions, Cantor’s direct ownership in Moelis & Co stands at 218,805 shares.
In other recent news, Moelis & Company reported a significant increase in its financial results for the fourth quarter and full year ending December 31, 2024. The firm announced fourth-quarter revenues of $438.7 million, marking a 104% rise from the same period the previous year, and full-year GAAP revenues of $1,194.5 million, with Adjusted revenues slightly higher at $1,201.5 million. These strong results led to an increase in the quarterly dividend by 8% to $0.65 per share. Keefe, Bruyette & Woods responded by raising Moelis & Company’s stock price target to $92 from $86, maintaining an Outperform rating, citing the firm’s substantial revenue beat and favorable compensation ratio. Additionally, Moelis & Company granted its CEO, Ken Moelis, a $25 million retention award to ensure leadership continuity, with units vesting in 2029. In governance news, board member John Allison retired after a decade of service, leaving the company without indicating a successor. The company also promoted 19 advisory professionals to Managing Director and hired a new Global Head of Private Funds Advisory. These developments reflect Moelis & Company’s strategic moves to maintain strong leadership and enhance shareholder value.
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