BNP Paribas Financial Markets decreased its stake in MSCI Inc (NYSE:MSCI – Free Report) by 23.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,710 shares of the technology company’s stock after selling 31,226 shares during the period. BNP Paribas Financial Markets’ holdings in MSCI were worth $57,780,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in MSCI by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,674,093 shares of the technology company’s stock valued at $5,489,177,000 after purchasing an additional 165,851 shares during the period. State Street Corp increased its holdings in shares of MSCI by 1.2% during the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock worth $1,884,233,000 after purchasing an additional 39,450 shares during the period. Bamco Inc. NY raised its position in shares of MSCI by 10.3% during the third quarter. Bamco Inc. NY now owns 2,394,117 shares of the technology company’s stock valued at $1,358,446,000 after buying an additional 223,784 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of MSCI by 36.0% in the third quarter. JPMorgan Chase & Co. now owns 1,069,180 shares of the technology company’s stock valued at $606,674,000 after buying an additional 282,859 shares during the period. Finally, PineStone Asset Management Inc. grew its position in MSCI by 4.1% during the fourth quarter. PineStone Asset Management Inc. now owns 1,000,942 shares of the technology company’s stock worth $574,270,000 after buying an additional 39,099 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.
MSCI Price Performance
MSCI stock opened at $631.38 on Wednesday. The business has a 50 day simple moving average of $571.76 and a 200 day simple moving average of $567.47. The company has a market capitalization of $45.96 billion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24. MSCI Inc has a one year low of $501.08 and a one year high of $644.68.
MSCI Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Friday, May 15th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. MSCI’s payout ratio is currently 46.83%.
Insider Transactions at MSCI
In other news, insider Alvise J. Munari sold 10,000 shares of the stock in a transaction on Friday, April 24th. The stock was sold at an average price of $592.04, for a total value of $5,920,400.00. Following the transaction, the insider owned 23,548 shares of the company’s stock, valued at $13,941,357.92. This represents a 29.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $560.00, for a total value of $252,000.00. Following the completion of the transaction, the chief financial officer owned 22,544 shares in the company, valued at $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. Corporate insiders own 3.76% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on MSCI. Morgan Stanley boosted their price target on MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Weiss Ratings raised MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, May 18th. Royal Bank Of Canada restated an “outperform” rating and set a $655.00 price objective on shares of MSCI in a research report on Wednesday, April 22nd. UBS Group upped their target price on MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company upgraded shares of MSCI from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $650.00 to $700.00 in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. According to MarketBeat, MSCI currently has a consensus rating of “Buy” and an average price target of $697.70.
Check Out Our Latest Research Report on MSCI
MSCI Company Profile
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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