Marks Group Wealth Management Inc Grows Stake in MSCI Inc $MSCI

Marks Group Wealth Management Inc grew its holdings in MSCI Inc (NYSE:MSCI) by 2.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 22,844 shares of the technology company’s stock after acquiring an additional 528 shares during the quarter. MSCI comprises 1.2% of Marks Group Wealth Management Inc’s investment portfolio, making the stock its 11th biggest holding. Marks Group Wealth Management Inc’s holdings in MSCI were worth $13,175,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Ritholtz Wealth Management increased its holdings in shares of MSCI by 23.2% in the 1st quarter. Ritholtz Wealth Management now owns 812 shares of the technology company’s stock valued at $459,000 after acquiring an additional 153 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of MSCI by 336.4% in the 1st quarter. Golden State Wealth Management LLC now owns 96 shares of the technology company’s stock valued at $54,000 after acquiring an additional 74 shares during the last quarter. Crestwood Advisors Group LLC increased its holdings in shares of MSCI by 6.5% in the 1st quarter. Crestwood Advisors Group LLC now owns 524 shares of the technology company’s stock valued at $296,000 after acquiring an additional 32 shares during the last quarter. Ascent Group LLC purchased a new position in shares of MSCI in the 1st quarter valued at about $288,000. Finally, Threadgill Financial LLC increased its holdings in shares of MSCI by 98.7% in the 2nd quarter. Threadgill Financial LLC now owns 14,806 shares of the technology company’s stock valued at $8,539,000 after acquiring an additional 7,355 shares during the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on MSCI shares. Raymond James Financial upgraded MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target on the stock in a research note on Friday, July 25th. JPMorgan Chase & Co. lifted their price target on MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 10th. Wells Fargo & Company cut their price target on MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSCI in a research report on Saturday, September 27th. Finally, UBS Group lifted their price target on MSCI from $655.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, MSCI currently has an average rating of “Moderate Buy” and an average price target of $652.45.

Insider Activity at MSCI

In other MSCI news, CEO Henry A. Fernandez purchased 84 shares of MSCI stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of $548.69 per share, with a total value of $46,089.96. Following the acquisition, the chief executive officer directly owned 1,279,951 shares of the company’s stock, valued at $702,296,314.19. This represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 12,400 shares of company stock valued at $6,731,599. 3.31% of the stock is owned by company insiders.

MSCI Trading Up 0.0%

Shares of MSCI stock opened at $560.95 on Monday. The business’s 50 day moving average is $563.68 and its two-hundred day moving average is $559.42. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45. The company has a market capitalization of $43.40 billion, a P/E ratio of 37.15, a price-to-earnings-growth ratio of 2.73 and a beta of 1.33.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, beating the consensus estimate of $4.12 by $0.05. The company had revenue of $772.68 million for the quarter, compared to the consensus estimate of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.The company’s revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $3.64 EPS. As a group, equities analysts predict that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. MSCI’s dividend payout ratio (DPR) is currently 47.68%.

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.