MSCI Inc $MSCI Shares Sold by Flossbach Von Storch SE
by Amy Steele · The Cerbat GemFlossbach Von Storch SE decreased its position in MSCI Inc (NYSE:MSCI – Free Report) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 223,465 shares of the technology company’s stock after selling 3,307 shares during the quarter. Flossbach Von Storch SE’s holdings in MSCI were worth $128,209,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in MSCI during the 3rd quarter worth about $27,000. Root Financial Partners LLC acquired a new position in MSCI in the 3rd quarter valued at about $28,000. Mowery & Schoenfeld Wealth Management LLC increased its stake in MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after purchasing an additional 41 shares during the period. Eagle Bay Advisors LLC purchased a new stake in MSCI during the fourth quarter worth about $34,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of MSCI during the second quarter worth about $36,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several research analysts have recently commented on the stock. Barclays reissued an “overweight” rating on shares of MSCI in a research note on Thursday, January 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $655.00 target price on shares of MSCI in a report on Wednesday, April 22nd. Bank of America assumed coverage on shares of MSCI in a research report on Tuesday, February 17th. They issued a “buy” rating and a $700.00 price target for the company. Morgan Stanley boosted their price target on shares of MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $715.00 price objective on shares of MSCI in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $692.70.
Check Out Our Latest Report on MSCI
Insider Buying and Selling at MSCI
In other MSCI news, CEO Henry A. Fernandez bought 800 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average price of $518.95 per share, with a total value of $415,160.00. Following the completion of the acquisition, the chief executive officer directly owned 1,493,847 shares of the company’s stock, valued at $775,231,900.65. This represents a 0.05% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrew C. Wiechmann sold 450 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total value of $252,000.00. Following the completion of the sale, the chief financial officer owned 22,544 shares in the company, valued at approximately $12,624,640. This represents a 1.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.76% of the stock is currently owned by insiders.
MSCI Stock Performance
Shares of MSCI stock opened at $590.81 on Tuesday. The business has a 50-day simple moving average of $555.18 and a 200-day simple moving average of $562.56. MSCI Inc has a one year low of $501.08 and a one year high of $626.28. The company has a market cap of $43.01 billion, a PE ratio of 33.74, a P/E/G ratio of 2.24 and a beta of 1.30.
MSCI (NYSE:MSCI – Get Free Report) last issued its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.17. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The firm had revenue of $850.80 million for the quarter, compared to analysts’ expectations of $830.91 million. During the same quarter last year, the company earned $4.00 earnings per share. The firm’s revenue was up 14.1% compared to the same quarter last year. On average, sell-side analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.
MSCI Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be issued a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, May 15th. MSCI’s dividend payout ratio (DPR) is presently 46.83%.
About MSCI
MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.
Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.
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