Simon Quick Advisors LLC lifted its stake in shares of MSCI Inc. (NYSE:MSCI – Free Report) by 5.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,200 shares of the technology company’s stock after buying an additional 60 shares during the period. Simon Quick Advisors LLC’s holdings in MSCI were worth $720,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Prime Capital Investment Advisors LLC lifted its holdings in MSCI by 30.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock worth $329,000 after buying an additional 130 shares in the last quarter. Grove Bank & Trust increased its stake in shares of MSCI by 52.4% in the 3rd quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock valued at $2,203,000 after buying an additional 1,299 shares during the period. Assenagon Asset Management S.A. raised its position in shares of MSCI by 30.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 174,982 shares of the technology company’s stock worth $104,991,000 after acquiring an additional 41,346 shares during the last quarter. Mizuho Securities USA LLC lifted its stake in shares of MSCI by 339.6% during the third quarter. Mizuho Securities USA LLC now owns 26,834 shares of the technology company’s stock valued at $15,642,000 after acquiring an additional 20,730 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of MSCI by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 536,211 shares of the technology company’s stock valued at $312,574,000 after acquiring an additional 23,050 shares during the period. 89.97% of the stock is owned by institutional investors.
MSCI Stock Performance
Shares of MSCI opened at $614.25 on Thursday. The stock has a 50 day simple moving average of $604.53 and a 200 day simple moving average of $576.95. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $642.45. The firm has a market capitalization of $48.14 billion, a PE ratio of 40.33, a P/E/G ratio of 2.78 and a beta of 1.11.
MSCI Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date was Friday, November 15th. MSCI’s dividend payout ratio (DPR) is presently 42.02%.
Insider Activity
In other MSCI news, CEO Henry A. Fernandez acquired 2,900 shares of the business’s stock in a transaction dated Thursday, December 5th. The shares were acquired at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the completion of the transaction, the chief executive officer now directly owns 330,379 shares in the company, valued at $202,456,251.20. This trade represents a 0.89 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.20% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have weighed in on MSCI. Wells Fargo & Company boosted their price objective on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Evercore ISI began coverage on shares of MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research note on Wednesday, October 30th. Morgan Stanley upped their target price on shares of MSCI from $662.00 to $695.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, UBS Group reduced their price target on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $649.85.
Check Out Our Latest Report on MSCI
MSCI 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.
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