Chevy Chase Trust Holdings LLC Sells 55,079 Shares of MSCI Inc $MSCI

Chevy Chase Trust Holdings LLC cut its stake in shares of MSCI Inc (NYSE:MSCI) by 45.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,699 shares of the technology company’s stock after selling 55,079 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in MSCI were worth $38,468,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Olde Wealth Management LLC bought a new position in shares of MSCI during the first quarter valued at $27,000. Meeder Asset Management Inc. lifted its holdings in shares of MSCI by 136.4% during the first quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company’s stock valued at $29,000 after acquiring an additional 30 shares during the period. Steph & Co. bought a new position in shares of MSCI during the second quarter valued at $35,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of MSCI by 50.0% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company’s stock valued at $37,000 after acquiring an additional 22 shares during the period. Finally, Banque Transatlantique SA increased its stake in shares of MSCI by 355.6% in the first quarter. Banque Transatlantique SA now owns 82 shares of the technology company’s stock valued at $43,000 after buying an additional 64 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Stock Up 0.3%

Shares of MSCI stock opened at $534.91 on Friday. The stock has a 50-day moving average price of $563.02 and a 200 day moving average price of $558.56. The firm has a market cap of $41.38 billion, a price-to-earnings ratio of 35.42, a PEG ratio of 2.60 and a beta of 1.33. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $642.45.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $4.12 by $0.05. The firm had revenue of $772.68 million during the quarter, compared to analyst estimates of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $3.64 earnings per share. Sell-side analysts predict that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Friday, August 15th. MSCI’s dividend payout ratio (DPR) is presently 47.68%.

Insider Buying and Selling

In other news, CEO Henry A. Fernandez acquired 84 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was purchased at an average cost of $548.69 per share, for a total transaction of $46,089.96. Following the completion of the transaction, the chief executive officer directly owned 1,279,951 shares in the company, valued at $702,296,314.19. This trade represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders bought 12,400 shares of company stock valued at $6,731,599 in the last three months. 3.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MSCI has been the subject of a number of research reports. Weiss Ratings restated a “buy (b-)” rating on shares of MSCI in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Evercore ISI raised their target price on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research note on Tuesday. Wells Fargo & Company lowered their target price on MSCI from $578.00 to $533.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Finally, Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 target price for the company in a research note on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and an average price target of $647.70.

MSCI Company 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.