Chevy Chase Trust Holdings LLC Has $93.41 Million Stake in MSCI Inc. (NYSE:MSCI)

Chevy Chase Trust Holdings LLC lowered its stake in MSCI Inc. (NYSE:MSCI) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 160,245 shares of the technology company’s stock after selling 2,819 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in MSCI were worth $93,411,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in MSCI by 74.9% in the second quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock valued at $701,522,000 after purchasing an additional 623,712 shares in the last quarter. PineStone Asset Management Inc. increased its position in MSCI by 129.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock valued at $352,153,000 after buying an additional 412,389 shares in the last quarter. Edgewood Management LLC boosted its holdings in MSCI by 16.9% in the third quarter. Edgewood Management LLC now owns 2,195,639 shares of the technology company’s stock worth $1,279,904,000 after acquiring an additional 318,214 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in MSCI by 14.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,587,723 shares of the technology company’s stock valued at $925,531,000 after acquiring an additional 198,666 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in shares of MSCI during the second quarter valued at approximately $91,748,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Down 0.7 %

MSCI stock opened at $605.49 on Monday. The stock has a market cap of $47.45 billion, a P/E ratio of 40.03, a P/E/G ratio of 3.17 and a beta of 1.11. The company’s 50 day moving average price is $591.03 and its two-hundred day moving average price is $546.58. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $631.70.

MSCI (NYSE:MSCI) last announced its quarterly earnings data 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. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The firm had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. During the same quarter in the prior year, the company earned $3.45 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MSCI. UBS Group cut their target price on MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Wells Fargo & Company raised 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. Royal Bank of Canada reissued an “outperform” rating and set a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. Morgan Stanley upped their target price on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Finally, Evercore ISI initiated coverage on MSCI in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 price target for the company. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $631.83.

MSCI Company 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.