AE Wealth Management LLC Has $1.37 Million Holdings in MSCI Inc (NYSE:MSCI)

AE Wealth Management LLC decreased its stake in shares of MSCI Inc (NYSE:MSCI) by 12.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 2,414 shares of the technology company’s stock after selling 343 shares during the period. AE Wealth Management LLC’s holdings in MSCI were worth $1,365,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. LPL Financial LLC grew its stake in shares of MSCI by 13.4% in the 4th quarter. LPL Financial LLC now owns 45,404 shares of the technology company’s stock valued at $27,243,000 after purchasing an additional 5,350 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of MSCI by 5.9% in the 4th quarter. JPMorgan Chase & Co. now owns 567,834 shares of the technology company’s stock worth $340,707,000 after purchasing an additional 31,623 shares during the last quarter. NEOS Investment Management LLC lifted its holdings in MSCI by 31.4% during the 4th quarter. NEOS Investment Management LLC now owns 2,157 shares of the technology company’s stock valued at $1,294,000 after purchasing an additional 515 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in MSCI by 1.3% in the fourth quarter. Pictet Asset Management Holding SA now owns 37,352 shares of the technology company’s stock valued at $22,412,000 after buying an additional 483 shares in the last quarter. Finally, DnB Asset Management AS grew its stake in MSCI by 1.8% during the fourth quarter. DnB Asset Management AS now owns 13,322 shares of the technology company’s stock worth $7,993,000 after buying an additional 239 shares during the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Stock Performance

MSCI stock opened at $546.49 on Monday. The stock’s 50 day simple moving average is $564.37 and its 200 day simple moving average is $565.89. The company has a market cap of $42.28 billion, a P/E ratio of 36.19, a price-to-earnings-growth ratio of 2.70 and a beta of 1.32. MSCI Inc has a fifty-two week low of $486.73 and a fifty-two week high of $642.45.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping the consensus estimate of $4.12 by $0.05. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%. The firm had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. During the same period in the prior year, the business posted $3.64 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. Equities analysts predict that MSCI Inc will post 16.86 earnings per share for the current year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $1.80 per share. The ex-dividend date is Friday, August 15th. This represents a $7.20 dividend on an annualized basis and a yield of 1.32%. MSCI’s payout ratio is 47.68%.

Insider Activity

In other MSCI news, COO Cd Baer Pettit sold 5,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $552.59, for a total value of $2,762,950.00. Following the sale, the chief operating officer directly owned 289,787 shares in the company, valued at $160,133,398.33. This represents a 1.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. UBS Group raised their price objective on shares of MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $675.00 price objective on shares of MSCI in a research report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their price objective on MSCI from $650.00 to $680.00 and gave the stock an “overweight” rating in a report on Monday, July 21st. Raymond James Financial raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target for the company in a research note on Friday. Finally, Evercore ISI dropped their target price on shares of MSCI from $673.00 to $631.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $654.73.

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.