Royal London Asset Management Ltd. Sells 1,049 Shares of MSCI Inc $MSCI

Royal London Asset Management Ltd. trimmed its holdings in MSCI Inc (NYSE:MSCI) by 3.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 33,019 shares of the technology company’s stock after selling 1,049 shares during the period. Royal London Asset Management Ltd.’s holdings in MSCI were worth $18,492,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Ancora Advisors LLC purchased a new stake in shares of MSCI during the second quarter worth about $27,000. Harvest Fund Management Co. Ltd purchased a new position in MSCI in the 4th quarter worth approximately $30,000. Elyxium Wealth LLC purchased a new position in MSCI in the 4th quarter worth approximately $34,000. Compound Global Advisors LLC purchased a new position in MSCI in the 2nd quarter worth approximately $34,000. Finally, SHP Wealth Management bought a new position in MSCI in the 4th quarter worth approximately $36,000. Institutional investors own 89.97% of the company’s stock.

MSCI Price Performance

NYSE:MSCI opened at $571.20 on Monday. The company has a market cap of $41.53 billion, a price-to-earnings ratio of 31.25, a PEG ratio of 2.18 and a beta of 1.23. MSCI Inc has a 1 year low of $501.08 and a 1 year high of $644.77. The stock’s 50 day simple moving average is $579.52 and its two-hundred day simple moving average is $573.23.

MSCI (NYSE:MSCI) last posted its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share 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 during the quarter, compared to analysts’ expectations of $870.71 million. During the same period last year, the business posted $4.17 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, analysts anticipate that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, August 14th. MSCI’s dividend payout ratio (DPR) is presently 44.86%.

Analyst Ratings Changes

MSCI has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Jefferies Financial Group began coverage on shares of MSCI in a research report on Friday, July 17th. They set a “buy” rating and a $760.00 target price for the company. Barclays raised their target price on shares of MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Raymond James Financial lifted their price target on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $709.50.

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.