Sumitomo Mitsui Trust Group Inc. Has $104.06 Million Stock Holdings in MSCI Inc $MSCI

Sumitomo Mitsui Trust Group Inc. increased its position in shares of MSCI Inc (NYSE:MSCI) by 0.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 180,419 shares of the technology company’s stock after buying an additional 170 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.23% of MSCI worth $104,055,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MSCI. Vanguard Group Inc. raised its position in shares of MSCI by 5.9% during the first quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company’s stock worth $5,302,610,000 after purchasing an additional 518,833 shares during the period. Principal Financial Group Inc. raised its holdings in MSCI by 0.9% during the first quarter. Principal Financial Group Inc. now owns 1,626,923 shares of the technology company’s stock worth $920,026,000 after buying an additional 13,918 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of MSCI by 2.0% in the first quarter. American Century Companies Inc. now owns 1,008,778 shares of the technology company’s stock valued at $570,464,000 after buying an additional 19,846 shares in the last quarter. PineStone Asset Management Inc. lifted its stake in shares of MSCI by 11.9% in the second quarter. PineStone Asset Management Inc. now owns 890,123 shares of the technology company’s stock valued at $513,370,000 after buying an additional 94,466 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of MSCI by 2.6% during the first quarter. Northern Trust Corp now owns 804,640 shares of the technology company’s stock valued at $455,024,000 after buying an additional 20,150 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

Shares of NYSE:MSCI opened at $542.82 on Friday. MSCI Inc has a 1 year low of $486.73 and a 1 year high of $642.45. The company has a market capitalization of $41.99 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 2.64 and a beta of 1.33. The business has a fifty day moving average price of $561.09 and a two-hundred day moving average price of $559.32.

Wall Street Analyst Weigh In

MSCI has been the topic of several recent research reports. Raymond James Financial raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target on the stock in a research report on Friday, July 25th. UBS Group raised their target price on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Seaport Res Ptn upgraded MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price objective on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a research note on Wednesday, September 10th. Finally, Wells Fargo & Company cut their price objective on shares of MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $647.70.

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.