CIBC Asset Management Inc boosted its holdings in MSCI Inc (NYSE:MSCI – Free Report) by 42.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,120 shares of the technology company’s stock after acquiring an additional 5,376 shares during the quarter. CIBC Asset Management Inc’s holdings in MSCI were worth $10,396,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MSCI. Mowery & Schoenfeld Wealth Management LLC lifted its position in MSCI by 341.7% in the 4th quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company’s stock valued at $30,000 after acquiring an additional 41 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in MSCI in the 4th quarter valued at approximately $34,000. Elyxium Wealth LLC bought a new position in MSCI in the 4th quarter valued at approximately $34,000. Strategic Wealth Investment Group LLC bought a new position in MSCI in the 2nd quarter valued at approximately $36,000. Finally, JPL Wealth Management LLC bought a new position in MSCI in the 3rd quarter valued at approximately $36,000. 89.97% of the stock is owned by institutional investors.
Insider Buying and Selling at MSCI
In other news, insider Alvise J. Munari sold 10,000 shares of the company’s 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 completion of the sale, the insider directly owned 23,548 shares in the company, 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 at this link. Also, CFO Andrew C. Wiechmann sold 450 shares of the company’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 sale, the chief financial officer owned 22,544 shares of the company’s stock, valued at $12,624,640. This trade represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.76% of the company’s stock.
MSCI Price Performance
MSCI (NYSE:MSCI – Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The technology company reported $4.55 EPS for the quarter, topping the consensus estimate of $4.38 by $0.17. The firm had revenue of $850.80 million during the quarter, compared to analyst estimates of $830.91 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.MSCI’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.00 EPS. On average, equities research analysts expect that MSCI Inc will post 19.62 earnings per share for the current fiscal year.
MSCI Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, May 15th. MSCI’s dividend payout ratio is 46.83%.
Analysts Set New Price Targets
MSCI has been the topic of several analyst reports. Bank of America initiated coverage on MSCI in a research report on Tuesday, February 17th. They issued a “buy” rating and a $700.00 price objective on the stock. Wells Fargo & Company raised MSCI from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $650.00 to $700.00 in a research report on Wednesday, May 27th. Morgan Stanley upped their price objective on MSCI from $719.00 to $727.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $655.00 price target on shares of MSCI in a report on Wednesday, April 22nd. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $730.00 price target on shares of MSCI in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $697.70.
View Our Latest Research Report on MSCI
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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