SG Americas Securities LLC Has $2.45 Million Stock Holdings in MSCI Inc $MSCI

by · The Markets Daily

SG Americas Securities LLC raised its position in MSCI Inc (NYSE:MSCI – Free Report) by 31.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,321 shares of the technology company’s stock after acquiring an additional 1,036 shares during the period. SG Americas Securities LLC’s holdings in MSCI were worth $2,452,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of MSCI in the second quarter worth $547,348,000. Magellan Asset Management Ltd bought a new stake in MSCI during the 2nd quarter worth about $175,912,000. Banque Pictet & Cie SA acquired a new position in shares of MSCI during the 3rd quarter worth about $145,986,000. JPMorgan Chase & Co. grew its holdings in shares of MSCI by 27.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 786,321 shares of the technology company’s stock valued at $453,513,000 after acquiring an additional 170,551 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of MSCI by 90.1% in the second quarter. Qube Research & Technologies Ltd now owns 350,738 shares of the technology company’s stock valued at $202,285,000 after acquiring an additional 166,208 shares during the last quarter. 89.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, General Counsel Robert J. Gutowski sold 624 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $558.42, for a total transaction of $348,454.08. Following the completion of the sale, the general counsel owned 15,945 shares in the company, valued at $8,904,006.90. The trade was a 3.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Henry A. Fernandez bought 2,290 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was purchased at an average cost of $536.17 per share, for a total transaction of $1,227,829.30. Following the transaction, the chief executive officer directly owned 335,069 shares of the company’s stock, valued at $179,653,945.73. The trade was a 0.69% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.31% of the company’s stock.

MSCI Price Performance

Shares of MSCI stock opened at $587.41 on Wednesday. The business has a fifty day simple moving average of $566.28 and a two-hundred day simple moving average of $564.49. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $634.99. The company has a market capitalization of $44.14 billion, a price-to-earnings ratio of 37.22 and a beta of 1.30.

MSCI (NYSE:MSCI – Get Free Report) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 earnings per share for the quarter, beating the consensus estimate of $4.37 by $0.10. The company had revenue of $793.43 million for the quarter, compared to analyst estimates of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.86 earnings per share. As a group, equities analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI announced that its board has authorized a share buyback program on Tuesday, October 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were issued a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 14th. MSCI’s dividend payout ratio is currently 45.63%.

Wall Street Analyst Weigh In

MSCI has been the topic of several analyst reports. Evercore ISI upped their target price on MSCI from $588.00 to $611.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of MSCI in a research note on Monday, December 29th. Barclays raised their target price on shares of MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. UBS Group upped their price target on shares of MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $647.63.

View Our Latest Stock Analysis on MSCI

About MSCI

(Free Report)

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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