8,550 Shares in MSCI Inc $MSCI Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. purchased a new position in shares of MSCI Inc (NYSE:MSCIFree Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,550 shares of the technology company’s stock, valued at approximately $4,788,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Robertson Stephens Wealth Management LLC raised its stake in shares of MSCI by 3.1% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company’s stock valued at $326,000 after buying an additional 17 shares in the last quarter. Allworth Financial LP boosted its position in shares of MSCI by 1.7% during the 4th quarter. Allworth Financial LP now owns 1,074 shares of the technology company’s stock valued at $616,000 after acquiring an additional 18 shares in the last quarter. AdvisorShares Investments LLC boosted its position in shares of MSCI by 2.5% during the 4th quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company’s stock valued at $476,000 after acquiring an additional 20 shares in the last quarter. Huntington National Bank boosted its position in shares of MSCI by 1.9% during the 4th quarter. Huntington National Bank now owns 1,074 shares of the technology company’s stock valued at $616,000 after acquiring an additional 20 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its stake in MSCI by 4.1% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 530 shares of the technology company’s stock valued at $304,000 after acquiring an additional 21 shares during the period. Institutional investors own 89.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on MSCI. Raymond James Financial raised their price target on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. Bank of America upped their price objective on MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wells Fargo & Company dropped their target price on MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Morgan Stanley restated an “overweight” rating and set a $700.00 target price on shares of MSCI in a research report on Tuesday, July 21st. Finally, Evercore set a $722.00 price target on MSCI in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, MSCI currently has an average rating of “Buy” and a consensus price target of $709.50.

Check Out Our Latest Report on MSCI

MSCI Stock Performance

MSCI stock opened at $564.08 on Monday. The business’s fifty day moving average is $582.30 and its two-hundred day moving average is $573.19. The firm has a market cap of $41.01 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.15 and a beta of 1.23. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $644.77.

MSCI (NYSE:MSCIGet Free Report) last announced its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business had revenue of $867.00 million during the quarter, compared to analyst estimates of $870.71 million. During the same quarter last year, the business posted $4.17 earnings per share. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. On average, equities research analysts predict that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio (DPR) is presently 44.86%.

MSCI Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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