Galaxy Digital Capital Management GP LLC Makes New Investment in MSCI Inc $MSCI

Galaxy Digital Capital Management GP LLC acquired a new stake in MSCI Inc (NYSE:MSCI) in the second quarter, Holdings Channel reports. The fund acquired 5,000 shares of the technology company’s stock, valued at approximately $2,800,000. MSCI comprises 1.4% of Galaxy Digital Capital Management GP LLC’s investment portfolio, making the stock its 24th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new position in shares of MSCI during the fourth quarter worth approximately $30,000. Elyxium Wealth LLC acquired a new stake in MSCI in the 4th quarter valued at $34,000. Compound Global Advisors LLC acquired a new stake in MSCI in the 2nd quarter valued at $34,000. SHP Wealth Management bought a new stake in MSCI during the 4th quarter valued at $36,000. Finally, Strategic Wealth Investment Group LLC bought a new stake in MSCI during the 2nd quarter valued at $36,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

MSCI opened at $564.08 on Wednesday. The company’s 50-day moving average is $580.63 and its 200 day moving average is $573.08. 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 capitalization of $41.01 billion, a P/E ratio of 30.86, a PEG ratio of 2.18 and a beta of 1.23.

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

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is presently 44.86%.

Wall Street Analyst Weigh In

MSCI has been the topic of a number of recent research reports. Evercore set a $722.00 price objective on shares of MSCI in a research note on Wednesday, July 22nd. UBS Group set a $615.00 target price on shares of MSCI in a report on Wednesday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $700.00 price target on shares of MSCI in a research note on Tuesday, July 21st. Jefferies Financial Group initiated coverage on MSCI in a research note on Friday, July 17th. They issued a “buy” rating and a $760.00 price objective for the company. Finally, Rothschild & Co Redburn set a $690.00 target price on MSCI in a report on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $709.50.

MSCI 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.