Financial Counselors Inc. Sells 20 Shares of MSCI Inc. (NYSE:MSCI)

Financial Counselors Inc. lessened its stake in shares of MSCI Inc. (NYSE:MSCIFree Report) by 0.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,233 shares of the technology company’s stock after selling 20 shares during the period. Financial Counselors Inc.’s holdings in MSCI were worth $4,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bamco Inc. NY increased its position in shares of MSCI by 0.7% in the 3rd quarter. Bamco Inc. NY now owns 2,260,105 shares of the technology company’s stock valued at $1,159,615,000 after acquiring an additional 15,184 shares during the period. FMR LLC raised its holdings in MSCI by 1.6% in the 3rd quarter. FMR LLC now owns 1,893,728 shares of the technology company’s stock valued at $971,634,000 after acquiring an additional 30,528 shares during the last quarter. Geode Capital Management LLC raised its holdings in MSCI by 2.2% in the 1st quarter. Geode Capital Management LLC now owns 1,637,256 shares of the technology company’s stock valued at $914,510,000 after acquiring an additional 35,746 shares during the last quarter. Wellington Management Group LLP raised its holdings in MSCI by 14.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,460,634 shares of the technology company’s stock valued at $749,422,000 after acquiring an additional 179,508 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in MSCI by 32.1% in the 1st quarter. JPMorgan Chase & Co. now owns 1,281,834 shares of the technology company’s stock valued at $717,432,000 after acquiring an additional 311,370 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wolfe Research initiated coverage on shares of MSCI in a research report on Tuesday, March 26th. They set a “peer perform” rating on the stock. Barclays upped their target price on shares of MSCI from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Edward Jones assumed coverage on shares of MSCI in a report on Friday, December 22nd. They set a “buy” rating for the company. Wells Fargo & Company increased their price target on shares of MSCI from $615.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Finally, Redburn Atlantic cut shares of MSCI from a “neutral” rating to a “sell” rating and dropped their target price for the company from $620.00 to $470.00 in a report on Tuesday, February 20th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $581.57.

Read Our Latest Report on MSCI

MSCI Trading Up 0.3 %

Shares of MSCI stock opened at $534.85 on Friday. The firm has a fifty day simple moving average of $560.93 and a 200-day simple moving average of $538.90. MSCI Inc. has a 1-year low of $451.55 and a 1-year high of $617.39. The stock has a market capitalization of $42.37 billion, a price-to-earnings ratio of 37.14, a PEG ratio of 2.67 and a beta of 1.06.

MSCI (NYSE:MSCIGet Free Report) last posted its earnings results on Tuesday, January 30th. The technology company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.39. MSCI had a net margin of 45.42% and a negative return on equity of 111.17%. The business had revenue of $690.11 million for the quarter, compared to analyst estimates of $662.64 million. During the same quarter in the prior year, the firm earned $2.84 EPS. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, research analysts predict that MSCI Inc. will post 14.84 earnings per share for the current year.

MSCI Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Friday, February 16th were given a dividend of $1.60 per share. This is a boost from MSCI’s previous quarterly dividend of $1.38. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.20%. MSCI’s payout ratio is presently 44.44%.

About MSCI

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.