Nvwm LLC boosted its holdings in MSCI Inc. (NYSE:MSCI – Free Report) by 3,581.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,767 shares of the technology company’s stock after acquiring an additional 1,719 shares during the period. Nvwm LLC’s holdings in MSCI were worth $1,060,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of MSCI by 0.4% in the 3rd quarter. State Street Corp now owns 3,192,364 shares of the technology company’s stock worth $1,860,925,000 after purchasing an additional 11,351 shares during the last quarter. Edgewood Management LLC lifted its stake in MSCI by 16.9% in the third quarter. Edgewood Management LLC now owns 2,195,639 shares of the technology company’s stock valued at $1,279,904,000 after buying an additional 318,214 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of MSCI by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,862,362 shares of the technology company’s stock valued at $1,082,594,000 after acquiring an additional 13,691 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of MSCI by 14.3% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,587,723 shares of the technology company’s stock worth $925,531,000 after acquiring an additional 198,666 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of MSCI by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock worth $870,627,000 after acquiring an additional 37,340 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.
MSCI Trading Up 0.4 %
Shares of MSCI opened at $584.69 on Wednesday. The business’s 50-day moving average price is $606.59 and its 200 day moving average price is $584.53. The stock has a market capitalization of $45.82 billion, a P/E ratio of 41.59, a P/E/G ratio of 2.72 and a beta of 1.11. MSCI Inc. has a 1-year low of $439.95 and a 1-year high of $642.45.
MSCI Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $1.80 dividend. This is a positive change from MSCI’s previous quarterly dividend of $1.60. This represents a $7.20 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, February 14th. MSCI’s dividend payout ratio is presently 45.52%.
Insider Transactions at MSCI
In other news, CEO Henry A. Fernandez bought 2,900 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average cost of $612.80 per share, for a total transaction of $1,777,120.00. Following the purchase, the chief executive officer now owns 330,379 shares of the company’s stock, valued at $202,456,251.20. This represents a 0.89 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.20% of the company’s stock.
Analyst Upgrades and Downgrades
MSCI has been the subject of a number of analyst reports. The Goldman Sachs Group raised shares of MSCI from a “neutral” rating to a “buy” rating and boosted their target price for the company from $617.00 to $723.00 in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered their target price on MSCI from $700.00 to $680.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Morgan Stanley increased their price target on MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. 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. Finally, UBS Group lowered their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $649.23.
Check Out Our Latest Stock 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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