RB Capital Management LLC Takes Position in MSCI Inc $MSCI

RB Capital Management LLC acquired a new position in shares of MSCI Inc (NYSE:MSCI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,222 shares of the technology company’s stock, valued at approximately $685,000.

A number of other large investors have also recently bought and sold shares of MSCI. Robertson Stephens Wealth Management LLC raised its position in shares of MSCI by 3.1% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company’s stock worth $326,000 after purchasing an additional 17 shares during the period. Allworth Financial LP boosted its position in MSCI by 1.7% during the 4th quarter. Allworth Financial LP now owns 1,074 shares of the technology company’s stock valued at $616,000 after purchasing an additional 18 shares during the period. AdvisorShares Investments LLC grew its stake in MSCI by 2.5% during the 4th quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company’s stock worth $476,000 after buying an additional 20 shares during the last quarter. Huntington National Bank increased its position in MSCI by 1.9% in the fourth quarter. Huntington National Bank now owns 1,074 shares of the technology company’s stock worth $616,000 after buying an additional 20 shares during the period. Finally, Cary Street Partners Investment Advisory LLC increased its position in MSCI by 4.1% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 530 shares of the technology company’s stock worth $304,000 after buying an additional 21 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

Shares of MSCI opened at $571.20 on Friday. The firm has a market capitalization of $41.53 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.17 and a beta of 1.23. MSCI Inc has a one year low of $501.08 and a one year high of $644.77. The stock’s fifty day moving average is $579.52 and its 200-day moving average is $573.14.

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

MSCI Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. MSCI’s payout ratio is currently 44.86%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Raymond James Financial boosted their price target on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 8th. Bank of America increased their price objective on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a report on Friday, July 10th. UBS Group set a $615.00 price objective on shares of MSCI in a research report on Wednesday, July 22nd. Rothschild & Co Redburn set a $690.00 target price on shares of MSCI in a research note on Thursday, June 18th. Finally, Evercore set a $722.00 target price on shares of MSCI in a research report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company’s stock. Based on data from MarketBeat, MSCI has an average rating of “Buy” and a consensus price target of $709.50.

About MSCI

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.