Redwood Investment Management LLC bought a new stake in shares of MSCI Inc (NYSE:MSCI – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,096 shares of the technology company’s stock, valued at approximately $1,174,000.
Several other large investors have also recently made changes to their positions in MSCI. BlackRock Inc. bought a new stake in shares of MSCI in the 2nd quarter worth approximately $3,062,626,000. Bamco Inc. NY bought a new position in MSCI during the 2nd quarter valued at approximately $1,798,710,000. Norges Bank purchased a new position in MSCI during the fourth quarter valued at $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in MSCI during the second quarter valued at $480,613,000. Finally, Generation Investment Management LLP bought a new stake in MSCI in the second quarter worth $301,493,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.
MSCI Trading Up 0.1%
MSCI stock opened at $564.39 on Thursday. The stock’s 50 day simple moving average is $579.99 and its 200 day simple moving average is $573.07. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77. The stock has a market capitalization of $41.03 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23.
MSCI Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued 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%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. Raymond James Financial increased their target price on MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, July 8th. Barclays lifted their price target on MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. Bank of America upped their price target on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Evercore set a $722.00 price objective on shares of MSCI in a research report on Wednesday, July 22nd. Finally, Morgan Stanley restated an “overweight” rating and set a $700.00 price objective on shares of MSCI in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company. According to MarketBeat, MSCI currently has an average rating of “Buy” and a consensus target price of $709.50.
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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