RB Capital Management LLC Lowers Holdings in MSCI Inc. (NYSE:MSCI)

by · The Cerbat Gem

RB Capital Management LLC reduced its stake in shares of MSCI Inc. (NYSE:MSCI – Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,519 shares of the technology company’s stock after selling 50 shares during the period. RB Capital Management LLC’s holdings in MSCI were worth $911,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of MSCI during the 4th quarter worth $609,937,000. Bessemer Group Inc. raised its stake in shares of MSCI by 16,353.6% during the 4th quarter. Bessemer Group Inc. now owns 587,557 shares of the technology company’s stock worth $352,539,000 after buying an additional 583,986 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of MSCI by 169.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 507,413 shares of the technology company’s stock worth $304,453,000 after buying an additional 319,083 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of MSCI during the 4th quarter worth $185,003,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of MSCI during the 4th quarter worth $126,082,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MSCI has been the subject of several research reports. Wells Fargo & Company cut their price target on MSCI from $532.00 to $530.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $675.00 price target on shares of MSCI in a research note on Wednesday, April 16th. Evercore ISI cut their target price on shares of MSCI from $673.00 to $631.00 and set an “outperform” rating for the company in a research note on Wednesday, April 23rd. Oppenheimer reissued a “market perform” rating on shares of MSCI in a research note on Wednesday, April 23rd. Finally, Bank of America began coverage on shares of MSCI in a research note on Thursday, April 10th. They issued a “neutral” rating and a $585.00 target price for the company. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $645.36.

Get Our Latest Report on MSCI

Insider Activity

In other MSCI news, CEO Henry A. Fernandez bought 5,300 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of $574.51 per share, with a total value of $3,044,903.00. Following the transaction, the chief executive officer now owns 1,269,951 shares in the company, valued at $729,599,549.01. This trade represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Cd Baer Pettit sold 5,000 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $524.25, for a total transaction of $2,621,250.00. Following the sale, the chief operating officer now directly owns 294,787 shares of the company’s stock, valued at approximately $154,542,084.75. This trade represents a 1.67% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.31% of the company’s stock.

MSCI Price Performance

NYSE MSCI opened at $559.71 on Thursday. MSCI Inc. has a 12 month low of $475.32 and a 12 month high of $642.45. The company has a 50-day moving average of $551.37 and a 200-day moving average of $579.02. The company has a market cap of $43.31 billion, a P/E ratio of 39.81, a P/E/G ratio of 2.61 and a beta of 1.33.

MSCI (NYSE:MSCI – Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The technology company reported $4.00 EPS for the quarter, beating analysts’ consensus estimates of $3.88 by $0.12. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. The company had revenue of $745.83 million during the quarter, compared to the consensus estimate of $746.45 million. As a group, equities research analysts anticipate that MSCI Inc. will post 16.86 EPS for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, May 16th. MSCI’s dividend payout ratio is currently 49.48%.

MSCI Company Profile

(Free Report)

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.

Featured Articles

Want to see what other hedge funds are holding MSCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSCI Inc. (NYSE:MSCI – Free Report).