MSCI Inc $MSCI Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its position in MSCI Inc (NYSE:MSCI) by 37.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 667,516 shares of the technology company’s stock after selling 401,664 shares during the quarter. JPMorgan Chase & Co.’s holdings in MSCI were worth $382,974,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in MSCI by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,674,093 shares of the technology company’s stock worth $5,489,177,000 after buying an additional 165,851 shares during the last quarter. State Street Corp boosted its holdings in MSCI by 1.2% in the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock worth $1,884,233,000 after buying an additional 39,450 shares during the last quarter. Bamco Inc. NY boosted its holdings in MSCI by 10.3% in the 3rd quarter. Bamco Inc. NY now owns 2,394,117 shares of the technology company’s stock worth $1,358,446,000 after buying an additional 223,784 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in MSCI by 4.1% in the 4th quarter. PineStone Asset Management Inc. now owns 1,000,942 shares of the technology company’s stock worth $574,270,000 after buying an additional 39,099 shares during the last quarter. Finally, Fiera Capital Corp boosted its holdings in MSCI by 2.4% in the 3rd quarter. Fiera Capital Corp now owns 993,437 shares of the technology company’s stock worth $563,686,000 after buying an additional 23,587 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on MSCI shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $730.00 price objective on shares of MSCI in a report on Tuesday, April 21st. Morgan Stanley lifted their price objective on MSCI from $719.00 to $727.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Wells Fargo & Company upgraded MSCI from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $650.00 to $700.00 in a report on Wednesday, May 27th. Bank of America started coverage on MSCI in a report on Tuesday, February 17th. They set a “buy” rating and a $700.00 target price on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $655.00 target price on shares of MSCI in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $697.70.

MSCI Price Performance

Shares of MSCI stock opened at $608.98 on Thursday. The stock has a market cap of $44.33 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.29 and a beta of 1.24. The stock’s 50 day simple moving average is $582.59 and its 200-day simple moving average is $569.94. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.68.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $4.38 by $0.17. The business had revenue of $850.80 million for the quarter, compared to analysts’ expectations of $830.91 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.00 EPS. As a group, research analysts expect that MSCI Inc will post 19.62 EPS for the current fiscal year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Friday, May 15th were issued a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, May 15th. MSCI’s payout ratio is currently 46.83%.

Insider Activity at MSCI

In other news, CFO Andrew C. Wiechmann sold 450 shares of MSCI stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total transaction of $252,000.00. Following the sale, the chief financial officer owned 22,544 shares of the company’s stock, valued at approximately $12,624,640. The trade was a 1.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alvise J. Munari sold 10,000 shares of MSCI stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the sale, the insider directly owned 23,548 shares in the company, valued at approximately $13,941,357.92. The trade was a 29.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.76% of the company’s stock.

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.