• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    Moelis & Company Reports First Quarter 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share

    4/24/24 4:15:00 PM ET
    $MC
    Investment Managers
    Finance
    Get the next $MC alert in real time by email
    • First quarter GAAP revenues of $217.5 million; first quarter Adjusted revenues of $217.5 million, up 17% from the prior year period
    • GAAP and Adjusted net income of $0.22 per share for the first quarter of 2024; GAAP and Adjusted net income includes a $0.14 per share (diluted) tax benefit
    • Continued to execute on our growth strategy:
      • Promoted seven advisory professionals to Managing Director
      • Hired four Managing Directors - three in the Energy sector and one to cover credit funds
    • Strong balance sheet with cash and short-term investments of $124.9 million and no debt or goodwill
      • Declared quarterly dividend of $0.60 per share

    Moelis & Company (NYSE:MC) today reported financial results for the quarter ended March 31, 2024. The Firm's first quarter GAAP revenues were $217.5 million as compared with $187.8 million in the prior year period. On an Adjusted basis, the Firm's first quarter revenues of $217.5 million increased 17% from the prior year period. The Firm reported GAAP net income of $17.5 million and $0.22 per share (diluted) for the first quarter of 2024. On an Adjusted basis, the Firm reported net income of $18.3 million and $0.22 per share (diluted) for the first quarter of 2024, which compares with net income of $3.8 million and $0.05 per share (diluted) in the prior year period. GAAP and Adjusted net income for the first quarter of 2024 include net tax benefits of approximately $0.14 per share (diluted) related to the settlement of share-based awards.

    "Following our strategic investments in core areas of growth, our pipeline continues to strengthen and we are better positioned than ever to service our clients as the M&A market recovers," said Ken Moelis, Chairman and Chief Executive Officer.

    The Firm's revenues and net income can fluctuate materially depending on the number, size and timing of completed transactions as well as other factors. Accordingly, financial results in any particular quarter may not be representative of future results over a longer period of time.

    Currently 92% of the operating partnership (Moelis & Company Group LP) is owned by the corporate partner (Moelis & Company) and is subject to corporate U.S. federal and state income tax. The remaining 8% is owned by other partners of Moelis & Company Group LP and is primarily subject to U.S. federal tax at the partner level (certain state, local and foreign income taxes are incurred at the company level). The Adjusted results included herein apply certain adjustments from our GAAP results, including the assumption that 100% of the Firm's first quarter operating result was taxed at our corporate effective tax rate. We believe the Adjusted results, when presented together with comparable GAAP results, are useful to investors to compare our performance across periods and to better understand our operating results. A reconciliation between our GAAP results and our Adjusted results is presented in the Appendix to this press release.

    GAAP and Adjusted (non-GAAP) Selected Financial Data (Unaudited)

     

     

    GAAP

     

    Adjusted (non-GAAP)*

     

     

    Three Months Ended March 31,

    ($ in thousands except per share data)

     

    2024

     

    2023

     

    Variance

     

    2024

     

    2023

     

    Variance

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Revenues

     

    $

    217,485

     

    $

    187,820

     

    16

    %

     

    $

    217,485

     

    $

    185,299

     

    17

    %

    Income (loss) before income taxes

     

     

    10,031

     

     

    355

     

    N/M

     

     

     

    10,252

     

     

    355

     

    N/M

     

    Provision (benefit) for income taxes

     

     

    (7,454)

     

     

    (3,208)

     

    132

    %

     

     

    (8,046)

     

     

    (3,472)

     

    132

    %

    Net income (loss)

     

     

    17,485

     

     

    3,563

     

    391

    %

     

     

    18,298

     

     

    3,827

     

    378

    %

    Net income (loss) attributable to noncontrolling interests

     

     

    919

     

     

    (103)

     

    N/M

     

     

     

    —

     

     

    —

     

    N/M

     

    Net income (loss) attributable to Moelis & Company

     

    $

    16,566

     

    $

    3,666

     

    352

    %

     

    $

    18,298

     

    $

    3,827

     

    378

    %

    Diluted earnings (loss) per share

     

    $

    0.22

     

    $

    0.05

     

    340

    %

     

    $

    0.22

     

    $

    0.05

     

    340

    %

    N/M = not meaningful

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    * See Appendix for a reconciliation of GAAP to Adjusted (non-GAAP)

    Revenues

    We earned GAAP revenues of $217.5 million in the first quarter of 2024, as compared with $187.8 million in the prior year period. On an Adjusted basis, we earned revenues of $217.5 million, as compared with $185.3 million in the prior year period, representing an increase of 17%. The increase in first quarter revenues was driven by an increase in fees earned from our non-M&A businesses, as compared with the prior year period.

    We continued to execute on our strategy of organic growth. During the first quarter, we hired three Managing Directors in the Energy sector and one Managing Director to cover credit funds.

    Expenses

    The following tables set forth information relating to the Firm's operating expenses.

     

     

    GAAP

     

    Adjusted (non-GAAP)*

     

     

    Three Months Ended March 31,

    ($ in thousands)

     

    2024

     

    2023

     

    Variance

     

    2024

     

    2023

     

    Variance

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Expenses:

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Compensation and benefits

     

    $

    164,475

     

     

    $

    148,239

     

     

    11

    %

     

    $

    163,331

     

     

    $

    148,239

     

     

    10

    %

    % of revenues

     

     

    75.6

    %

     

     

    78.9

    %

     

     

     

     

     

    75.1

    %

     

     

    80.0

    %

     

     

     

    Non-compensation expenses

     

    $

    47,208

     

     

    $

    40,972

     

     

    15

    %

     

    $

    47,208

     

     

    $

    40,972

     

     

    15

    %

    % of revenues

     

     

    21.7

    %

     

     

    21.8

    %

     

     

     

     

     

    21.7

    %

     

     

    22.1

    %

     

     

     

    Total operating expenses

     

    $

    211,683

     

     

    $

    189,211

     

     

    12

    %

     

    $

    210,539

     

     

    $

    189,211

     

     

    11

    %

    % of revenues

     

     

    97.3

    %

     

     

    100.7

    %

     

     

     

     

     

    96.8

    %

     

     

    102.1

    %

     

     

     

    * See Appendix for a reconciliation of GAAP to Adjusted (non-GAAP)

     

    Total operating expenses on a GAAP basis were $211.7 million for the first quarter of 2024. On an Adjusted basis, operating expenses were $210.5 million for the first quarter of 2024, as compared with $189.2 million in the prior year period. The increase in Adjusted operating expenses is attributable to increased compensation and benefits and non-compensation expenses as compared with the prior year period.

    Compensation and benefits expenses on a GAAP basis were $164.5 million for the first quarter of 2024. Adjusted compensation and benefits expenses were $163.3 million for the first quarter of 2024, as compared with $148.2 million in the prior year period. The increase in Adjusted compensation and benefits expenses in the current year period is attributable to increased headcount.

    Non-compensation expenses on both a GAAP and Adjusted basis were $47.2 million for the first quarter of 2024, as compared with $41.0 million in the prior year period. The increase in Adjusted non-compensation expenses in the current year period is broad based and is primarily due to increased headcount.

    Other Income (Expenses)

     

     

    GAAP

     

    Adjusted (non-GAAP)*

     

     

    Three Months Ended March 31,

    ($ in thousands)

     

    2024

     

    2023

     

    Variance

     

    2024

     

    2023

     

    Variance

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Other income (expenses)

     

    $

    4,229

     

    $

    1,746

     

    142

    %

     

    $

    3,306

     

    $

    4,267

     

    -23

    %

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    * See Appendix for a reconciliation of GAAP to Adjusted (non-GAAP)

     

     

     

     

     

     

     

     

     

     

    Other income (expenses) on a GAAP basis was $4.2 million for the first quarter of 2024, as compared with $1.7 million in the prior year period. On an Adjusted basis, other income for the first quarter of 2024 was $3.3 million, as compared with $4.3 million in the prior year period.

    Provision for Income Taxes

    The corporate partner (Moelis & Company) currently owns 92% of the operating partnership (Moelis & Company Group LP) and is subject to corporate U.S. federal and state income tax on its allocable share of earnings. The remaining 8% of activity is subject to certain state, local and foreign income taxes (including New York City Unincorporated Business Tax), which is accounted for at the partner level through the noncontrolling interests. For Adjusted purposes, we have assumed that 100% of the Firm's first quarter 2024 operating results were taxed at our corporate effective tax rate and together with the excess tax benefit of approximately $11.5 million related to the delivery of equity-based compensation, we have a net tax benefit of approximately $8.0 million.

    Capital Management and Balance Sheet

    Moelis & Company continues to maintain a strong financial position, and as of March 31, 2024, we held cash and liquid investments of $124.9 million and had no debt or goodwill on our balance sheet.

    The Board of Directors of Moelis & Company declared a regular quarterly dividend of $0.60 per share. The $0.60 per share will be paid on June 20, 2024, to common stockholders of record on May 6, 2024.

    Earnings Call

    We will host a conference call beginning at 5:00pm ET on Wednesday, April 24, 2024, accessible via telephone and the internet. Ken Moelis, Chairman and Chief Executive Officer, and Joe Simon, Chief Financial Officer, will review our first quarter 2024 financial results. Following the review, there will be a question and answer session.

    Investors and analysts may participate in the live conference call by dialing 1-888-300-4150 (domestic) or 1-646-970-1530 (international) and using access code 8014191. Please dial in 15 minutes before the conference call begins. The conference call will also be accessible as a listen-only audio webcast through the Investor Relations section of the Moelis & Company website at www.moelis.com.

    For those unable to listen to the live broadcast, a replay of the call will be available for one month via telephone starting approximately one hour after the live call ends. The replay can be accessed at 1-800-770-2030 (domestic) or 1-609-800-9909 (international); the conference number is 8014191.

    About Moelis & Company

    Moelis & Company is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Company's experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, private fund raisings and secondary transactions and other corporate finance matters. The Firm serves its clients from 23 locations in North and South America, Europe, the Middle East, Asia and Australia. For further information, please visit: www.moelis.com.

    Forward-Looking Statements

    This press release contains forward-looking statements, which reflect the Firm's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "target," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative version of these words or other comparable words. Such forward-looking statements are based on certain assumptions and estimates and subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include, but are not limited to, those described under "Risk Factors" discussed in our Annual Report on Form 10-K for the year ended December 31, 2023, subsequent reports filed on Form 10-Q and our other filings with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release. In addition, new risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results. The Firm undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

    Non-GAAP Financial Measures

    The Company prepares its consolidated financial statements using accounting principles generally accepted in the United States (GAAP). From time to time, the Company may disclose certain "non-GAAP financial measures" in the course of its earnings releases, earnings conference calls, financial presentations and otherwise. The Securities and Exchange Commission defines a "non-GAAP financial measure" as a numerical measure of historical or future financial performance, financial position, or cash flows that is subject to adjustments that effectively exclude, or include amounts from the most directly comparable measure calculated and presented in accordance with GAAP. Non-GAAP financial measures disclosed by the Company are provided as additional information to analysts, investors and other stakeholders in order to provide them with greater transparency about, or an alternative method for assessing our financial condition, operating results, or capital adequacy. Adjusted results are a non-GAAP financial measure which provide additional information on management's view of operating results. These measures are not in accordance with, or a substitute for GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies. Whenever we refer to a non-GAAP financial measure, we will also generally define it or present the most directly comparable financial measure calculated and presented in accordance with GAAP, along with a reconciliation of the differences between the non-GAAP financial measure we reference and such comparable GAAP financial measure.

    The Company's Adjusted revenues includes amounts reflected within other income (expenses) which are considered the equivalent of revenues for compensation. Such adjustments may include gains on founder investments where our employees and the Moelis advisory platform contributed meaningfully to the value creation; or the mark-to-market impact of equity instruments held by the Company that were originally received as payment for our banking services and included in revenues. We believe these adjustments are useful to allow comparability of period-to-period operating performance and compensation levels.

    The Company's Adjusted compensation and benefits expenses may include adjustments reflected within other income (expenses) associated with compensation awards forfeited due to the enforcement of non-compete provisions. Management views the credits associated with such forfeitures as an offset to compensation and benefits expenses since the Firm will utilize the forfeited economics to recruit and or retain talent. We believe the netted presentation of forfeiture credits and compensation expenses is useful to allow comparability of period-to-period operating performance.

    The Company's Adjusted non-compensation expenses and other income (expenses) may exclude certain one-time items that reduce the comparability of our operating performance as well as the amounts related to revenues and compensation and benefits expenses discussed above and adjustments to our provision for income taxes discussed below. Such adjustments increase the comparability of our financial performance across reporting periods and versus our peers.

    The Company's Adjusted provision (benefit) for income taxes is adjusted to illustrate the result as if 100% of the Firm's income is being taxed at our corporate effective tax rates for the periods presented. Adjusted provision (benefit) for income taxes periodically includes the tax impact related to the settlement of share-based awards, the reclassification of TRA liability adjustments, or adjustments to our deferred tax assets and liabilities that occur in connection with new tax legislation. Such adjustments increase the comparability of our financial performance across reporting periods and versus our peers.

    The Company's Adjusted basic and diluted shares of Class A common stock outstanding is presented for each period as if all outstanding Class A partnership units have been exchanged into Class A common stock. The Adjusted presentation helps analysts, investors, and other stakeholders understand the effect of the Firm's ownership structure on its results, including the impact of all the Firm's income becoming subject to corporate-level tax.

    Appendix

    GAAP Consolidated Statement of Operations (Unaudited)

    Reconciliation of GAAP to Adjusted (non-GAAP) Financial Information (Unaudited)

    Moelis & Company

    GAAP Consolidated Statement of Operations

    Unaudited

    (dollars in thousands, except for share and per share data)

     

     

     

     

    Three Months Ended March 31,

     

     

     

    2024

     

    2023

     

     

     

     

     

     

     

     

    Revenues

     

    $

    217,485

     

    $

    187,820

     

     

     

     

     

     

     

     

    Expenses

     

     

     

     

     

     

    Compensation and benefits

     

     

     

    164,475

     

     

    148,239

    Occupancy

     

     

     

    7,089

     

     

    5,834

    Professional fees

     

     

     

    6,165

     

     

    4,946

    Communication, technology and information services

     

     

     

    12,244

     

     

    10,834

    Travel and related expenses

     

     

     

    11,963

     

     

    10,968

    Depreciation and amortization

     

     

     

    2,375

     

     

    2,073

    Other expenses

     

     

     

    7,372

     

     

    6,317

    Total Expenses

     

     

     

    211,683

     

     

    189,211

     

     

     

     

     

     

     

     

    Operating income (loss)

     

     

    5,802

     

     

    (1,391)

    Other income (expenses)

     

     

     

    4,229

     

     

    1,746

    Income (loss) before income taxes

     

     

    10,031

     

     

    355

    Provision (benefit) for income taxes

     

     

     

    (7,454)

     

     

    (3,208)

    Net income (loss)

     

     

    17,485

     

     

    3,563

     

     

     

     

     

     

     

     

    Net income (loss) attributable to noncontrolling interests

     

     

    919

     

     

    (103)

    Net income (loss) attributable to Moelis & Company

     

    $

    16,566

     

    $

    3,666

     

     

     

     

     

     

     

     

    Weighted-average shares of Class A common stock outstanding

     

     

     

     

     

     

    Basic

     

     

     

    70,228,589

     

     

    67,008,526

    Diluted

     

     

     

    75,102,099

     

     

    71,462,547

    Net income (loss) attributable to holders of shares of Class A common stock per share

     

     

     

     

     

     

    Basic

     

     

    $

    0.24

     

    $

    0.05

    Diluted

     

     

    $

    0.22

     

    $

    0.05

    Moelis & Company

    Reconciliation of GAAP to Adjusted (non-GAAP) Financial Information

    Unaudited

    (dollars in thousands, except share and per share data)

     

     

     

    Three Months Ended March 31, 2024

    Adjusted items

     

    GAAP

     

    Adjustments

     

     

    Adjusted

    (non-GAAP)

     

     

     

     

     

     

     

     

     

     

     

    Compensation and benefits

     

     

    164,475

     

     

    (1,144)

     

    (a)

     

    163,331

    Other income (expenses)

     

     

    4,229

     

     

    (923)

     

    (a)(b)

     

    3,306

    Income (loss) before income taxes

     

     

    10,031

     

     

    221

     

     

     

    10,252

    Provision (benefit) for income taxes

     

     

    (7,454)

     

     

    (592)

     

    (b)(c)

     

    (8,046)

    Net income (loss)

     

     

    17,485

     

     

    813

     

     

     

    18,298

     

     

     

     

     

     

     

     

     

     

     

    Net income (loss) attributable to noncontrolling interests

     

     

    919

     

     

    (919)

     

    (d)

     

    —

    Net income (loss) attributable to Moelis & Company

     

    $

    16,566

     

    $

    1,732

     

     

    $

    18,298

     

     

     

     

     

     

     

     

     

     

     

    Weighted-average shares of Class A common stock outstanding

     

     

     

     

     

     

     

     

     

     

    Basic

     

     

    70,228,589

     

     

    6,327,095

     

    (d)

     

    76,555,684

    Diluted

     

     

    75,102,099

     

     

    6,327,095

     

    (d)

     

    81,429,194

    Net income (loss) attributable to holders of shares of Class A common stock per share

     

     

     

     

     

     

     

     

     

     

    Basic

     

    $

    0.24

     

     

     

     

     

    $

    0.24

    Diluted

     

    $

    0.22

     

     

     

     

     

    $

    0.22

    (a)

    Reflects a reclassification of $1.1 million of other income to compensation and benefits expense associated with the enforcement of non-compete provisions.

    (b)

    Tax Receivable Agreement liability related adjustments are made to other income (expenses) for GAAP purposes. The adjustment of $0.2 million is reclassified to the provision for income taxes line.

    (c)

    An adjustment has been made to illustrate the result as if 100% of the Firm's income is being taxed at our corporate effective tax rate for the period stated. Together with the tax benefit related to the settlement of share-based awards of $11.5 million, we have a net tax benefit of $8.0 million.

    (d)

    Assumes all outstanding Class A partnership units have been exchanged into Class A common stock.

    Moelis & Company

    Reconciliation of GAAP to Adjusted (non-GAAP) Financial Information

    Unaudited

    (dollars in thousands, except share and per share data)

     

     

     

    Three Months Ended March 31, 2023

    Adjusted items

     

    GAAP

     

    Adjustments

     

     

    Adjusted

    (non-GAAP)

     

     

     

     

     

     

     

     

     

     

     

    Revenues

     

    $

    187,820

     

    $

    (2,521)

     

    (a)

    $

    185,299

    Other income (expenses)

     

     

    1,746

     

     

    2,521

     

    (a)

     

    4,267

    Income (loss) before income taxes

     

     

    355

     

     

    —

     

     

     

    355

    Provision (benefit) for income taxes

     

     

    (3,208)

     

     

    (264)

     

    (b)

     

    (3,472)

    Net income (loss)

     

     

    3,563

     

     

    264

     

     

     

    3,827

     

     

     

     

     

     

     

     

     

     

     

    Net income (loss) attributable to noncontrolling interests

     

     

    (103)

     

     

    103

     

    (c)

     

    —

    Net income (loss) attributable to Moelis & Company

     

    $

    3,666

     

    $

    161

     

     

    $

    3,827

     

     

     

     

     

     

     

     

     

     

     

    Weighted-average shares of Class A common stock outstanding

     

     

     

     

     

     

     

     

     

     

    Basic

     

     

    67,008,526

     

     

    6,095,051

     

    (c)

     

    73,103,577

    Diluted

     

     

    71,462,547

     

     

    6,095,051

     

    (c)

     

    77,557,598

    Net income (loss) attributable to holders of shares of Class A common stock per share

     

     

     

     

     

     

     

     

     

     

    Basic

     

    $

    0.05

     

     

     

     

     

    $

    0.05

    Diluted

     

    $

    0.05

     

     

     

     

     

    $

    0.05

    (a)

    Reflects a reclassification of $2.5 million of other income to revenues related to losses from the mark-to-market impact on shares received as partial payment for advisory services provided on certain transactions.

    (b)

    An adjustment has been made to illustrate the result as if 100% of the Firm's income is being taxed at our corporate effective tax rate for the period stated; together with the tax benefit related to the settlement of share-based awards of $3.6 million, we have a net tax benefit of $3.5 million.

    (c)

    Assumes all outstanding Class A partnership units have been exchanged into Class A common stock.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20240424221110/en/

    Get the next $MC alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $MC

    DatePrice TargetRatingAnalyst
    3/13/2025$100.00 → $70.00Overweight → Underweight
    Morgan Stanley
    12/20/2024$71.00 → $86.00Mkt Perform → Outperform
    Keefe Bruyette
    12/9/2024$66.00 → $92.00Underweight → Overweight
    Morgan Stanley
    9/12/2024$70.00Equal Weight
    Wells Fargo
    3/13/2024$53.00 → $58.00Sell → Neutral
    Goldman
    1/29/2024$56.00Mkt Perform
    Keefe Bruyette
    1/11/2023$40.00 → $37.00Neutral → Sell
    Goldman
    11/3/2022$40.00 → $37.00Mkt Perform → Underperform
    Keefe Bruyette
    More analyst ratings

    $MC
    Leadership Updates

    Live Leadership Updates

    See more
    • Moelis Accelerates Momentum of Private Funds Advisory Business with Appointments of Jeff Hammer and Paul Sanabria

      Reflects the Firm's ambition to build a premier platform in secondaries and sponsor-led capital solutions Moelis & Company (NYSE:MC), a leading global independent investment bank, today announced the appointments of Jeff Hammer and Paul Sanabria as Managing Directors. They will join the Private Funds Advisory team in May, which will be led by Matt Wesley as Global Head upon his arrival, as the Firm continues its expansion in secondaries advisory and sponsor-led capital solutions. Jeff Hammer and Paul Sanabria, who will be based in New York and Boston respectively, each bring over 25 years of experience advising financial sponsors and institutional investors. They previously served as glob

      4/30/25 8:30:00 AM ET
      $MC
      Investment Managers
      Finance
    • Moelis Promotes Christopher Callesano to Chief Financial Officer

      Moelis & Company (NYSE:MC), a leading global independent investment bank, today announced the appointment of Christopher Callesano to Chief Financial Officer effective March 31, 2025. Chris succeeds Joseph Simon who will be leaving the Firm following a distinguished 15-year tenure at Moelis. Joe will work closely with Chris and the executive team to ensure a seamless transition over the next three months before joining Wachtell, Lipton, Rosen & Katz as Chief Financial Officer. Chris has been with Moelis since 2010 and currently serves as Managing Director, Principal Accounting Officer and Corporate Controller. With over 25 years of finance and accounting experience, he has worked alongsid

      2/27/25 8:00:00 AM ET
      $MC
      Investment Managers
      Finance
    • Moelis Expands Private Funds Advisory Business with Appointment of Matt Wesley as Global Head

      Moelis & Company (NYSE:MC), a leading global independent investment bank, today announced that Matt Wesley will be joining the Firm as Global Head of Private Funds Advisory (PFA). This strategic hire underscores the Firm's commitment to expanding its capabilities in providing private capital solutions to financial sponsors and limited partners globally. Matt will lead the Firm's efforts in growing a best-in-class private funds advisory business providing integrated capital solutions across secondary advisory, primary fundraising, and bespoke liquidity solutions. Under Matt's leadership, the Private Funds Advisory business, working in partnership with the Firm's industry, financial sponsor

      2/3/25 10:00:00 AM ET
      $MC
      Investment Managers
      Finance

    $MC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Moelis downgraded by Morgan Stanley with a new price target

      Morgan Stanley downgraded Moelis from Overweight to Underweight and set a new price target of $70.00 from $100.00 previously

      3/13/25 8:13:34 AM ET
      $MC
      Investment Managers
      Finance
    • Moelis upgraded by Keefe Bruyette with a new price target

      Keefe Bruyette upgraded Moelis from Mkt Perform to Outperform and set a new price target of $86.00 from $71.00 previously

      12/20/24 7:43:45 AM ET
      $MC
      Investment Managers
      Finance
    • Moelis upgraded by Morgan Stanley with a new price target

      Morgan Stanley upgraded Moelis from Underweight to Overweight and set a new price target of $92.00 from $66.00 previously

      12/9/24 7:57:53 AM ET
      $MC
      Investment Managers
      Finance

    $MC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Moelis Accelerates Momentum of Private Funds Advisory Business with Appointments of Jeff Hammer and Paul Sanabria

      Reflects the Firm's ambition to build a premier platform in secondaries and sponsor-led capital solutions Moelis & Company (NYSE:MC), a leading global independent investment bank, today announced the appointments of Jeff Hammer and Paul Sanabria as Managing Directors. They will join the Private Funds Advisory team in May, which will be led by Matt Wesley as Global Head upon his arrival, as the Firm continues its expansion in secondaries advisory and sponsor-led capital solutions. Jeff Hammer and Paul Sanabria, who will be based in New York and Boston respectively, each bring over 25 years of experience advising financial sponsors and institutional investors. They previously served as glob

      4/30/25 8:30:00 AM ET
      $MC
      Investment Managers
      Finance
    • Moelis & Company Reports First Quarter 2025 Financial Results; Declares Regular Quarterly Dividend of $0.65 Per Share

      First quarter revenues of $306.6 million, up 41% from the prior year period GAAP and Adjusted net income of $0.64 per share (diluted) for the first quarter of 2025; GAAP and Adjusted net income includes a $0.28 per share (diluted) tax benefit First quarter Adjusted pre-tax margin of 14.0% Continued to execute on our growth strategy: One Technology focused Managing Director based in Europe recently joined the Firm, and one Managing Director focused on Business Services in Europe is committed to join the Firm Strong balance sheet with cash and short-term investments of $336.3 million and no debt or goodwill Declared regular quarterly dividend of $0.65 per share Moelis & Com

      4/23/25 4:15:00 PM ET
      $MC
      Investment Managers
      Finance
    • Moelis & Company to Announce First Quarter 2025 Financial Results and Host a Conference Call on April 23, 2025

      Moelis & Company (NYSE:MC), a leading global independent investment bank, will release its first quarter 2025 financial results after the market closes on Wednesday, April 23, 2025. Ken Moelis, Chairman and Chief Executive Officer, and Chris Callesano, Chief Financial Officer, will also host a related conference call at 5:00pm ET on the same day (April 23, 2025) to review the financial results. Following the review, there will be a question and answer session. Investors and analysts may participate in the live conference call by dialing +1 (888) 300 4150 (domestic) or +1 (646) 970 1530 (international) and using access code 8014191. Please dial in 15 minutes before the conference call begi

      4/2/25 4:15:00 PM ET
      $MC
      Investment Managers
      Finance

    $MC
    SEC Filings

    See more
    • Moelis & Company filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - Moelis & Co (0001596967) (Filer)

      4/23/25 4:16:15 PM ET
      $MC
      Investment Managers
      Finance
    • SEC Form S-8 filed by Moelis & Company

      S-8 - Moelis & Co (0001596967) (Filer)

      2/27/25 5:10:32 PM ET
      $MC
      Investment Managers
      Finance
    • SEC Form 10-K filed by Moelis & Company

      10-K - Moelis & Co (0001596967) (Filer)

      2/27/25 4:15:38 PM ET
      $MC
      Investment Managers
      Finance

    $MC
    Financials

    Live finance-specific insights

    See more

    $MC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $MC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Moelis & Company Reports First Quarter 2025 Financial Results; Declares Regular Quarterly Dividend of $0.65 Per Share

      First quarter revenues of $306.6 million, up 41% from the prior year period GAAP and Adjusted net income of $0.64 per share (diluted) for the first quarter of 2025; GAAP and Adjusted net income includes a $0.28 per share (diluted) tax benefit First quarter Adjusted pre-tax margin of 14.0% Continued to execute on our growth strategy: One Technology focused Managing Director based in Europe recently joined the Firm, and one Managing Director focused on Business Services in Europe is committed to join the Firm Strong balance sheet with cash and short-term investments of $336.3 million and no debt or goodwill Declared regular quarterly dividend of $0.65 per share Moelis & Com

      4/23/25 4:15:00 PM ET
      $MC
      Investment Managers
      Finance
    • Moelis & Company to Announce First Quarter 2025 Financial Results and Host a Conference Call on April 23, 2025

      Moelis & Company (NYSE:MC), a leading global independent investment bank, will release its first quarter 2025 financial results after the market closes on Wednesday, April 23, 2025. Ken Moelis, Chairman and Chief Executive Officer, and Chris Callesano, Chief Financial Officer, will also host a related conference call at 5:00pm ET on the same day (April 23, 2025) to review the financial results. Following the review, there will be a question and answer session. Investors and analysts may participate in the live conference call by dialing +1 (888) 300 4150 (domestic) or +1 (646) 970 1530 (international) and using access code 8014191. Please dial in 15 minutes before the conference call begi

      4/2/25 4:15:00 PM ET
      $MC
      Investment Managers
      Finance
    • Moelis & Company Reports Fourth Quarter and Full Year 2024 Financial Results; Increases Quarterly Dividend 8% to $0.65 Per Share

      Fourth quarter revenues of $438.7 million, up 104% from the prior year period Full year 2024 GAAP revenues of $1,194.5 million; full year 2024 Adjusted revenues of $1,201.5 million, up 40% from the prior year GAAP net income of $1.15 per share (diluted) for the fourth quarter of 2024 and $1.78 per share (diluted) for the full year; Adjusted net income of $1.18 per share (diluted) for the fourth quarter and $1.82 per share (diluted) for the full year Fourth quarter Adjusted pre-tax margin of 31.4%; full year 2024 Adjusted pre-tax margin of 16.4% Continued to execute on our growth strategy: In 2024, we promoted seven advisory professionals to Managing Director and hired eight M

      2/5/25 4:15:00 PM ET
      $MC
      Investment Managers
      Finance
    • SEC Form SC 13G/A filed by Moelis & Company (Amendment)

      SC 13G/A - Moelis & Co (0001596967) (Subject)

      2/14/24 9:00:16 AM ET
      $MC
      Investment Managers
      Finance
    • SEC Form SC 13G/A filed by Moelis & Company (Amendment)

      SC 13G/A - Moelis & Co (0001596967) (Subject)

      2/13/24 4:05:32 PM ET
      $MC
      Investment Managers
      Finance
    • SEC Form SC 13G/A filed by Moelis & Company (Amendment)

      SC 13G/A - Moelis & Co (0001596967) (Subject)

      2/9/24 3:18:06 PM ET
      $MC
      Investment Managers
      Finance
    • Director Mirrer Louise was granted 38 units of 2024 Annual Restricted Stock Units (SEC Form 4)

      4 - Moelis & Co (0001596967) (Issuer)

      5/5/25 6:56:36 PM ET
      $MC
      Investment Managers
      Finance
    • SEC Form 4 filed by Former Chief Financial Officer Simon Joseph

      4 - Moelis & Co (0001596967) (Issuer)

      3/31/25 9:28:29 PM ET
      $MC
      Investment Managers
      Finance
    • Director Mirrer Louise was granted 13 units of 2024 Annual Restricted Stock Units, increasing direct ownership by 1% to 1,229 units (SEC Form 4)

      4 - Moelis & Co (0001596967) (Issuer)

      3/31/25 9:25:57 PM ET
      $MC
      Investment Managers
      Finance