Summit Trail Advisors LLC Has $472,000 Stake in MSCI Inc. (NYSE:MSCI)

Summit Trail Advisors LLC boosted its stake in shares of MSCI Inc. (NYSE:MSCI) by 18.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 810 shares of the technology company’s stock after buying an additional 124 shares during the quarter. Summit Trail Advisors LLC’s holdings in MSCI were worth $472,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new position in shares of MSCI in the second quarter worth approximately $26,000. HWG Holdings LP bought a new position in MSCI during the 2nd quarter worth approximately $27,000. Ridgewood Investments LLC acquired a new position in shares of MSCI in the 2nd quarter worth approximately $40,000. Ashton Thomas Securities LLC bought a new stake in shares of MSCI in the 3rd quarter valued at $40,000. Finally, Planning Capital Management Corp increased its position in shares of MSCI by 35.1% during the third quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

Shares of NYSE MSCI opened at $601.96 on Wednesday. The company has a 50-day moving average price of $587.82 and a 200-day moving average price of $544.08. The stock has a market capitalization of $47.18 billion, a P/E ratio of 39.52, a P/E/G ratio of 3.06 and a beta of 1.11. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $631.70.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.77 by $0.09. The business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.45 EPS. As a group, equities research analysts anticipate that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.06%. MSCI’s dividend payout ratio (DPR) is currently 42.02%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Evercore ISI initiated coverage on shares of MSCI in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. UBS Group lowered their target price on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Morgan Stanley increased their price target on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $631.83.

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.