B. Metzler seel. Sohn & Co. AG reduced its stake in shares of MSCI Inc. (NYSE:MSCI – Free Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,321 shares of the technology company’s stock after selling 833 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in MSCI were worth $13,980,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in MSCI. LRI Investments LLC increased its holdings in shares of MSCI by 120.0% in the third quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock valued at $27,000 after purchasing an additional 24 shares in the last quarter. True Wealth Design LLC acquired a new stake in MSCI during the 3rd quarter worth $38,000. Compagnie Lombard Odier SCmA bought a new stake in shares of MSCI during the 4th quarter valued at $41,000. Private Trust Co. NA lifted its stake in shares of MSCI by 35.1% in the 3rd quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock valued at $45,000 after purchasing an additional 20 shares during the period. Finally, Y.D. More Investments Ltd boosted its position in shares of MSCI by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company’s stock worth $59,000 after purchasing an additional 54 shares during the last quarter. 89.97% of the stock is owned by institutional investors.
MSCI Stock Performance
Shares of NYSE:MSCI opened at $558.03 on Monday. The stock’s 50-day simple moving average is $578.82 and its two-hundred day simple moving average is $588.92. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $642.45. The stock has a market capitalization of $43.33 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 2.61 and a beta of 1.19.
MSCI Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, February 14th. This is an increase from MSCI’s previous quarterly dividend of $1.60. This represents a $7.20 dividend on an annualized basis and a yield of 1.29%. MSCI’s dividend payout ratio is 51.21%.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Barclays lowered their target price on shares of MSCI from $700.00 to $675.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Wolfe Research upgraded MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on shares of MSCI from $700.00 to $680.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $675.00 price objective on shares of MSCI in a research note on Thursday, January 30th. Finally, Morgan Stanley raised their price objective on shares of MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, MSCI has a consensus rating of “Moderate Buy” and a consensus target price of $649.23.
Insider Transactions at MSCI
In other MSCI news, CEO Henry A. Fernandez bought 5,300 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of $574.51 per share, for a total transaction of $3,044,903.00. Following the completion of 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.31% of the company’s stock.
MSCI Profile
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.
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