Korea Investment CORP Makes New Investment in MSCI Inc $MSCI

Korea Investment CORP acquired a new stake in MSCI Inc (NYSE:MSCI) in the second quarter, HoldingsChannel reports. The institutional investor acquired 42,300 shares of the technology company’s stock, valued at approximately $23,690,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of MSCI in the second quarter worth about $3,062,626,000. Norges Bank purchased a new position in MSCI in the fourth quarter valued at about $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in MSCI during the 2nd quarter valued at approximately $480,613,000. Generation Investment Management LLP acquired a new stake in MSCI during the 2nd quarter valued at approximately $301,493,000. Finally, Bank of New York Mellon Corp purchased a new stake in MSCI during the 2nd quarter worth approximately $234,905,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSCI has been the topic of a number of recent analyst reports. Rothschild & Co Redburn set a $690.00 target price on MSCI in a research report on Thursday, June 18th. Bank of America raised their price target on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Morgan Stanley restated an “overweight” rating and issued a $700.00 price target on shares of MSCI in a research note on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on shares of MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Finally, Jefferies Financial Group began coverage on shares of MSCI in a research note on Friday, July 17th. They set a “buy” rating and a $760.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $709.50.

MSCI Stock Up 0.1%

Shares of MSCI stock opened at $564.08 on Monday. The business has a 50-day moving average price of $582.30 and a 200 day moving average price of $573.19. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77. The firm has a market cap of $41.01 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.15 and a beta of 1.23.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The firm had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The company’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $4.17 EPS. As a group, equities research analysts anticipate that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. MSCI’s dividend payout ratio is currently 44.86%.

MSCI Company Profile

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.