Ameriprise Financial Inc. Has $79.69 Million Holdings in MSCI Inc (MSCI)
Ameriprise Financial Inc. grew its stake in MSCI Inc (NYSE:MSCI) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 773,679 shares of the technology company’s stock after buying an additional 10,749 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.86% of MSCI worth $79,691,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Teachers Advisors LLC boosted its stake in shares of MSCI by 45.3% in the second quarter. Teachers Advisors LLC now owns 171,255 shares of the technology company’s stock worth $17,638,000 after acquiring an additional 53,392 shares during the period. Fiera Capital Corp boosted its stake in shares of MSCI by 11.1% in the second quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock worth $386,228,000 after acquiring an additional 375,333 shares during the period. Symphony Asset Management LLC bought a new position in shares of MSCI in the second quarter worth about $876,000. Capital Fund Management S.A. boosted its stake in shares of MSCI by 855.7% in the second quarter. Capital Fund Management S.A. now owns 150,481 shares of the technology company’s stock worth $15,498,000 after acquiring an additional 134,735 shares during the period. Finally, Weatherstone Capital Management boosted its stake in shares of MSCI by 113.0% in the second quarter. Weatherstone Capital Management now owns 6,470 shares of the technology company’s stock worth $666,000 after acquiring an additional 3,432 shares during the period. Institutional investors and hedge funds own 94.59% of the company’s stock.
A number of research firms have recently weighed in on MSCI. Morgan Stanley upped their price objective on MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. UBS AG upped their price objective on MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Barclays PLC began coverage on MSCI in a research note on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price objective for the company. BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research note on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $106.29.
MSCI Inc (NYSE MSCI) opened at 113.15 on Tuesday. The stock has a 50 day moving average price of $112.10 and a 200-day moving average price of $103.71. MSCI Inc has a 1-year low of $76.52 and a 1-year high of $118.06. The company has a market cap of $10.19 billion, a price-to-earnings ratio of 36.64 and a beta of 1.03.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.05. MSCI had a return on equity of 87.11% and a net margin of 24.01%. The firm had revenue of $316.08 million during the quarter, compared to analyst estimates of $314.03 million. During the same quarter in the previous year, the business earned $0.77 EPS. MSCI’s revenue for the quarter was up 8.8% compared to the same quarter last year. On average, equities research analysts forecast that MSCI Inc will post $3.80 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Friday, August 18th were paid a dividend of $0.38 per share. This is a positive change from MSCI’s previous quarterly dividend of $0.28. This represents a $1.52 annualized dividend and a yield of 1.34%. The ex-dividend date was Wednesday, August 16th. MSCI’s payout ratio is 49.03%.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $111.16, for a total transaction of $231,546.28. Following the completion of the sale, the chief operating officer now directly owns 178,266 shares in the company, valued at approximately $19,816,048.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders have sold 6,249 shares of company stock valued at $686,890. 2.26% of the stock is owned by company insiders.
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MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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