World Asset Management Inc lowered its holdings in MSCI Inc. (NYSE:MSCI) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,699 shares of the technology company’s stock after selling 77 shares during the quarter. World Asset Management Inc’s holdings in MSCI were worth $906,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its position in MSCI by 4.9% during the first quarter. BlackRock Inc. now owns 6,726,412 shares of the technology company’s stock valued at $2,820,249,000 after buying an additional 315,551 shares during the period. Price T Rowe Associates Inc. MD grew its position in MSCI by 28.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,798,659 shares of the technology company’s stock valued at $1,592,702,000 after buying an additional 834,479 shares during the period. Bamco Inc. NY grew its position in MSCI by 0.4% during the first quarter. Bamco Inc. NY now owns 2,238,157 shares of the technology company’s stock valued at $938,414,000 after buying an additional 9,655 shares during the period. Capital International Investors grew its position in shares of MSCI by 3.9% in the first quarter. Capital International Investors now owns 1,381,591 shares of the technology company’s stock valued at $579,234,000 after purchasing an additional 52,256 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of MSCI by 1.5% in the first quarter. Geode Capital Management LLC now owns 1,379,447 shares of the technology company’s stock valued at $576,875,000 after purchasing an additional 20,334 shares during the period. Hedge funds and other institutional investors own 90.61% of the company’s stock.
Shares of MSCI stock opened at $641.66 on Friday. The firm’s 50-day moving average is $615.38 and its two-hundred day moving average is $518.57. MSCI Inc. has a 12 month low of $336.03 and a 12 month high of $667.07. The company has a market capitalization of $52.90 billion, a PE ratio of 76.57 and a beta of 0.97.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Friday, August 13th were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Thursday, August 12th. This is a boost from MSCI’s previous quarterly dividend of $0.78. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.65%. MSCI’s dividend payout ratio (DPR) is currently 53.13%.
In related news, insider Jennifer H. Mak sold 300 shares of MSCI stock in a transaction that occurred on Friday, August 6th. The shares were sold at an average price of $622.38, for a total value of $186,714.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Cd Baer Pettit sold 2,500 shares of MSCI stock in a transaction that occurred on Wednesday, August 4th. The shares were sold at an average price of $622.95, for a total transaction of $1,557,375.00. Following the completion of the transaction, the chief operating officer now owns 251,837 shares of the company’s stock, valued at approximately $156,881,859.15. The disclosure for this sale can be found here. 2.93% of the stock is owned by company insiders.
Several brokerages have recently issued reports on MSCI. Morgan Stanley lifted their target price on shares of MSCI from $480.00 to $523.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft raised their price target on shares of MSCI from $600.00 to $650.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. Royal Bank of Canada began coverage on shares of MSCI in a research note on Wednesday, July 7th. They issued an “outperform” rating and a $600.00 price target on the stock. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $621.00 price target on the stock in a research note on Thursday, July 29th. Finally, Barclays raised their price target on shares of MSCI from $545.00 to $700.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $597.57.
MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index, Analytics, Environmental, Social, and Governance (ESG), Real Estate, and Burgiss.
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