Tocqueville Asset Management L.P. Takes Position in MSCI Inc $MSCI

Tocqueville Asset Management L.P. bought a new position in shares of MSCI Inc (NYSE:MSCI) during the 2nd quarter, HoldingsChannel reports. The firm bought 15,250 shares of the technology company’s stock, valued at approximately $8,541,000.

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

Analyst Ratings Changes

A number of research firms recently weighed in on MSCI. Wells Fargo & Company reduced their price target on MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Bank of America raised their price target 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. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $700.00 target price on shares of MSCI in a research note on Tuesday, July 21st. Finally, Evercore set a $722.00 price target on shares of MSCI in a report on Wednesday, July 22nd. 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 company presently has an average rating of “Buy” and an average target price of $709.50.

MSCI Price Performance

NYSE MSCI opened at $564.44 on Thursday. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77. The stock has a 50-day moving average of $583.54 and a two-hundred day moving average of $573.90. The company has a market cap of $41.03 billion, a P/E ratio of 30.88, a P/E/G ratio of 2.15 and a beta of 1.23.

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

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be paid a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s dividend payout ratio is presently 44.86%.

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.