Chevy Chase Trust Holdings LLC Has $38.47 Million Position in MSCI Inc $MSCI

Chevy Chase Trust Holdings LLC lowered its stake in shares of MSCI Inc (NYSE:MSCI) by 45.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,699 shares of the technology company’s stock after selling 55,079 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.09% of MSCI worth $38,468,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MSCI. Vanguard Group Inc. boosted its position in MSCI by 5.9% during the first quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company’s stock worth $5,302,610,000 after purchasing an additional 518,833 shares during the period. AQR Capital Management LLC boosted its position in MSCI by 355.7% during the first quarter. AQR Capital Management LLC now owns 660,690 shares of the technology company’s stock worth $365,976,000 after purchasing an additional 515,713 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in MSCI by 605,802.9% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 212,066 shares of the technology company’s stock worth $129,903,000 after purchasing an additional 212,031 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in MSCI during the first quarter worth approximately $119,408,000. Finally, Nuveen LLC bought a new stake in MSCI during the first quarter worth approximately $117,879,000. Institutional investors own 89.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MSCI. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSCI in a research report on Wednesday, October 8th. UBS Group increased their price objective on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. increased their price objective on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a research report on Wednesday, September 10th. Raymond James Financial raised MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective for the company in a research report on Friday, July 25th. Finally, Evercore ISI increased their price objective on MSCI from $588.00 to $611.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, MSCI presently has a consensus rating of “Moderate Buy” and an average target price of $647.70.

Insider Buying and Selling

In other news, CEO Henry A. Fernandez bought 9,916 shares of MSCI stock in a transaction that occurred on Thursday, July 24th. The stock was purchased at an average cost of $544.70 per share, with a total value of $5,401,245.20. Following the completion of the transaction, the chief executive officer directly owned 1,279,867 shares in the company, valued at $697,143,554.90. This trade represents a 0.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 12,400 shares of company stock valued at $6,731,599 over the last three months. 3.31% of the stock is owned by company insiders.

MSCI Price Performance

Shares of MSCI stock opened at $534.91 on Friday. The stock has a market cap of $41.38 billion, a P/E ratio of 35.42, a price-to-earnings-growth ratio of 2.60 and a beta of 1.33. MSCI Inc has a one year low of $486.73 and a one year high of $642.45. The stock has a fifty day moving average price of $563.02 and a 200 day moving average price of $558.56.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, topping the consensus estimate of $4.12 by $0.05. The firm had revenue of $772.68 million during the quarter, compared to analysts’ expectations of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.MSCI’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $3.64 earnings per share. Equities research analysts anticipate that MSCI Inc will post 16.86 EPS for the current year.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $1.80 dividend. This represents a $7.20 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, August 15th. MSCI’s dividend payout ratio (DPR) is 47.68%.

About MSCI

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.