ING Groep NV lowered its holdings in shares of MSCI Inc. (NYSE:MSCI) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,467 shares of the technology company’s stock after selling 31 shares during the period. ING Groep NV’s holdings in MSCI were worth $2,292,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Norges Bank purchased a new stake in MSCI in the fourth quarter worth $351,057,000. FMR LLC lifted its stake in MSCI by 10.8% during the fourth quarter. FMR LLC now owns 3,696,137 shares of the technology company’s stock worth $1,650,435,000 after purchasing an additional 359,793 shares during the last quarter. BlackRock Inc. lifted its stake in MSCI by 4.9% during the first quarter. BlackRock Inc. now owns 6,726,412 shares of the technology company’s stock worth $2,820,249,000 after purchasing an additional 315,551 shares during the last quarter. Swedbank bought a new stake in shares of MSCI in the 4th quarter valued at about $133,167,000. Finally, Sustainable Growth Advisers LP lifted its stake in shares of MSCI by 47.6% in the 1st quarter. Sustainable Growth Advisers LP now owns 715,750 shares of the technology company’s stock valued at $300,100,000 after acquiring an additional 230,912 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.
MSCI stock opened at $476.46 on Friday. The stock has a market capitalization of $39.27 billion, a PE ratio of 61.48 and a beta of 0.96. The stock’s 50-day moving average is $465.96. MSCI Inc. has a 52 week low of $299.09 and a 52 week high of $495.16.
The business also recently announced a quarterly dividend, which was paid on Friday, May 28th. Investors of record on Friday, May 14th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend was Thursday, May 13th. MSCI’s dividend payout ratio (DPR) is 39.85%.
A number of brokerages recently issued reports on MSCI. Zacks Investment Research downgraded MSCI from a “buy” rating to a “hold” rating and set a $511.00 price target on the stock. in a report on Tuesday, May 4th. Oppenheimer upped their price objective on MSCI from $493.00 to $533.00 and gave the company an “outperform” rating in a research report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft upped their price objective on MSCI from $475.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, April 28th. Finally, Morgan Stanley upped their price objective on MSCI from $448.00 to $473.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 28th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $499.43.
In other MSCI news, COO Cd Baer Pettit sold 2,500 shares of the firm’s stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of $484.11, for a total transaction of $1,210,275.00. Following the transaction, the chief operating officer now directly owns 259,380 shares of the company’s stock, valued at approximately $125,568,451.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.93% of the company’s stock.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through Index, Analytics, and All Other segments. The Index segment primarily provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
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