The Manufacturers Life Insurance Company Buys New Holdings in MSCI Inc $MSCI

The Manufacturers Life Insurance Company bought a new stake in shares of MSCI Inc (NYSE:MSCI) in the 2nd quarter, Holdings Channel.com reports. The firm bought 36,492 shares of the technology company’s stock, valued at approximately $20,437,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harvest Fund Management Co. Ltd bought a new stake in MSCI in the fourth quarter valued at approximately $30,000. Elyxium Wealth LLC purchased a new stake in shares of MSCI during the fourth quarter valued at approximately $34,000. Compound Global Advisors LLC bought a new position in shares of MSCI in the second quarter worth approximately $34,000. SHP Wealth Management bought a new position in shares of MSCI in the fourth quarter worth approximately $36,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in shares of MSCI in the second quarter worth $36,000. 89.97% of the stock is currently owned by institutional investors.

MSCI Stock Performance

Shares of MSCI stock opened at $568.57 on Friday. 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 cap of $41.34 billion, a P/E ratio of 31.10, a P/E/G ratio of 2.15 and a beta of 1.23. The business’s 50 day moving average price is $579.73 and its 200-day moving average price is $573.15.

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

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. MSCI’s payout ratio is presently 44.86%.

Analyst Ratings Changes

MSCI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating and issued a $700.00 price target on shares of MSCI in a report on Tuesday, July 21st. Evercore set a $722.00 price objective on shares of MSCI in a research report on Wednesday, July 22nd. Bank of America upped their price objective on shares of MSCI from $715.00 to $730.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings lowered shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target 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.