CIBC Private Wealth Group LLC Sells 1,087 Shares of MSCI Inc. (NYSE:MSCI)

CIBC Private Wealth Group LLC cut its position in MSCI Inc. (NYSE:MSCI) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,395 shares of the technology company’s stock after selling 1,087 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.09% of MSCI worth $40,587,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MSCI. LRI Investments LLC lifted its stake in MSCI by 120.0% in the third quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock valued at $27,000 after acquiring an additional 24 shares during the last quarter. True Wealth Design LLC acquired a new stake in MSCI in the 3rd quarter valued at about $38,000. Compagnie Lombard Odier SCmA bought a new position in MSCI during the fourth quarter worth about $41,000. Private Trust Co. NA increased its position in MSCI by 35.1% during the third quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its stake in MSCI by 122.7% in the fourth quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company’s stock valued at $59,000 after buying an additional 54 shares during the period. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MSCI

In other news, CEO Henry A. Fernandez purchased 5,300 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $574.51 per share, with a total value of $3,044,903.00. Following the acquisition, the chief executive officer now owns 1,269,951 shares in the company, valued at approximately $729,599,549.01. The trade was a 0.42 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.31% of the company’s stock.

Wall Street Analyst Weigh In

MSCI has been the topic of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $675.00 price target on shares of MSCI in a research note on Thursday, January 30th. Morgan Stanley increased their price objective 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. Wolfe Research raised shares of MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 12th. The Goldman Sachs Group raised shares of MSCI from a “neutral” rating to a “buy” rating and increased their price target for the company from $617.00 to $723.00 in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of MSCI from $700.00 to $680.00 and set an “overweight” rating for the company in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, MSCI currently has a consensus rating of “Moderate Buy” and an average target price of $649.23.

MSCI Trading Down 1.4 %

Shares of MSCI stock opened at $558.03 on Monday. The stock has a market cap of $43.33 billion, a P/E ratio of 39.69, a price-to-earnings-growth ratio of 2.61 and a beta of 1.19. MSCI Inc. has a 1 year low of $439.95 and a 1 year high of $642.45. The stock has a 50 day simple moving average of $578.82 and a 200 day simple moving average of $588.92.

MSCI (NYSE:MSCI) last released its earnings results on Wednesday, January 29th. The technology company reported $4.18 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same quarter in the prior year, the business posted $3.68 earnings per share. Analysts forecast that MSCI Inc. will post 16.86 EPS for the current year.

MSCI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.29%. This is an increase from MSCI’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend was Friday, February 14th. MSCI’s dividend payout ratio is presently 51.21%.

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.