M&T Bank Corp Has $5.71 Million Holdings in MSCI Inc $MSCI

M&T Bank Corp decreased its position in shares of MSCI Inc (NYSE:MSCI) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,907 shares of the technology company’s stock after selling 1,707 shares during the period. M&T Bank Corp’s holdings in MSCI were worth $5,714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of MSCI. PineStone Asset Management Inc. boosted its stake in shares of MSCI by 11.9% in the 2nd quarter. PineStone Asset Management Inc. now owns 890,123 shares of the technology company’s stock valued at $513,370,000 after purchasing an additional 94,466 shares during the last quarter. Katamaran Capital LLP bought a new position in MSCI in the second quarter valued at approximately $1,806,000. Evelyn Partners Investment Management Services Ltd grew its holdings in MSCI by 158.9% during the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 4,971 shares of the technology company’s stock worth $2,774,000 after acquiring an additional 3,051 shares during the period. waypoint wealth counsel bought a new stake in shares of MSCI during the 2nd quarter valued at $355,000. Finally, IFP Advisors Inc lifted its stake in shares of MSCI by 26.8% in the 2nd quarter. IFP Advisors Inc now owns 2,785 shares of the technology company’s stock valued at $1,607,000 after purchasing an additional 588 shares during the period. Institutional investors own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wells Fargo & Company lifted their price objective on MSCI from $533.00 to $570.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. UBS Group raised their target price on MSCI from $700.00 to $710.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Seaport Res Ptn raised MSCI to a “strong-buy” rating in a research note on Wednesday, October 1st. Barclays increased their price target on shares of MSCI from $650.00 to $660.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of MSCI from $655.00 to $680.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $655.90.

Insider Activity

In related news, General Counsel Robert J. Gutowski sold 624 shares of MSCI stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $558.42, for a total value of $348,454.08. Following the sale, the general counsel owned 15,945 shares of the company’s stock, valued at approximately $8,904,006.90. This trade represents a 3.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.31% of the company’s stock.

MSCI Stock Performance

Shares of MSCI opened at $540.50 on Friday. The firm has a market cap of $40.61 billion, a P/E ratio of 34.25 and a beta of 1.32. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45. The firm’s 50 day moving average price is $560.72 and its two-hundred day moving average price is $562.93.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 28th. The technology company reported $4.47 EPS for the quarter, topping analysts’ consensus estimates of $4.37 by $0.10. The business had revenue of $793.43 million for the quarter, compared to analyst estimates of $794.87 million. MSCI had a net margin of 40.03% and a negative return on equity of 110.94%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period last year, the business posted $3.86 earnings per share. On average, sell-side analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $1.80 per share. This represents a $7.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, November 14th. MSCI’s dividend payout ratio is currently 45.63%.

MSCI declared that its board has authorized a share repurchase program on Tuesday, October 28th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the technology company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

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.