Brooklyn Investment Group Has $298,000 Stock Position in MSCI Inc. (NYSE:MSCI)

Brooklyn Investment Group raised its holdings in MSCI Inc. (NYSE:MSCI) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 511 shares of the technology company’s stock after purchasing an additional 46 shares during the quarter. Brooklyn Investment Group’s holdings in MSCI were worth $298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Prime Capital Investment Advisors LLC lifted its stake in MSCI by 30.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock valued at $329,000 after purchasing an additional 130 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in MSCI in the 2nd quarter worth about $91,748,000. Grove Bank & Trust raised its position in MSCI by 52.4% in the third quarter. Grove Bank & Trust now owns 3,779 shares of the technology company’s stock valued at $2,203,000 after purchasing an additional 1,299 shares during the last quarter. LBP AM SA acquired a new stake in shares of MSCI during the first quarter valued at about $778,000. Finally, Cetera Advisors LLC boosted its stake in shares of MSCI by 207.9% during the first quarter. Cetera Advisors LLC now owns 2,956 shares of the technology company’s stock valued at $1,657,000 after purchasing an additional 1,996 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays raised their price objective on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Wells Fargo & Company lifted their price target on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Evercore ISI initiated coverage on shares of MSCI in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $690.00 target price for the company. Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 target price on the stock in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research report on Wednesday, October 30th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, MSCI has an average rating of “Moderate Buy” and a consensus target price of $631.83.

MSCI Stock Performance

Shares of MSCI stock opened at $601.96 on Wednesday. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $631.70. The firm’s 50-day simple moving average is $587.82 and its two-hundred day simple moving average is $544.08. The firm has a market cap of $47.18 billion, a price-to-earnings ratio of 39.52, a P/E/G ratio of 3.08 and a beta of 1.11.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping 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 business had revenue of $724.70 million during the quarter, compared to the consensus estimate of $716.15 million. During the same period last year, the business posted $3.45 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

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

About MSCI

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.