BlackRock Amends Moelis & Co. Stake Filing
Ticker: MC · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1596967
| Field | Detail |
|---|---|
| Company | Moelis & Co (MC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns Moelis stock, showing continued institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, indicating its ownership of Moelis & Co's Class A Common Stock as of December 31, 2023. This filing, an amendment to a previous one, shows BlackRock's continued significant, but passive, stake in Moelis & Co. For investors, this means a major institutional investor maintains confidence in Moelis, which can be a positive signal, though the exact change in ownership percentage isn't detailed in this snippet.
Why It Matters
This filing confirms BlackRock's ongoing passive investment in Moelis & Co., signaling continued institutional interest in the investment bank.
Risk Assessment
Risk Level: low — This filing is routine and indicates a passive investment by a large institutional investor, posing minimal new risk.
Analyst Insight
Investors should note BlackRock's continued presence as a passive holder, which can be a sign of long-term institutional confidence, but should not interpret this as an active endorsement or a signal for immediate price movement.
Key Numbers
- 60786M105 — CUSIP Number (identifies Moelis & Co's Class A Common Stock)
- 0001364742 — BlackRock's CIK (unique identifier for BlackRock Inc. with the SEC)
- 0001596967 — Moelis & Co's CIK (unique identifier for Moelis & Co with the SEC)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Moelis & Co (company) — the subject company whose stock is owned
- Class A Common Stock (other) — the type of securities owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A amendment
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Moelis & Co. throughout 2024. (BlackRock Inc.) — high confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to a passive ownership stake.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major institutional investment manager, as stated under '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company whose securities are being reported?
The subject company is Moelis & Company, specifically their Class A Common Stock, as indicated by 'MOELIS AND COMPANY (Name of Issuer) Class A Common Stock (Title of Class of Securities)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as stated in the filing under 'Date of Event Which Requires Filing of this Statement'.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Moelis & Co (MC).