Private Advisor Group LLC Boosts Position in Msci Inc (MSCI)
Private Advisor Group LLC boosted its stake in Msci Inc (NYSE:MSCI) by 64.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,530 shares of the technology company’s stock after purchasing an additional 1,772 shares during the period. Private Advisor Group LLC’s holdings in Msci were worth $804,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the stock. Atria Investments LLC boosted its stake in shares of Msci by 89.1% during the second quarter. Atria Investments LLC now owns 2,555 shares of the technology company’s stock valued at $423,000 after purchasing an additional 1,204 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Msci by 46.8% during the second quarter. Bank of Montreal Can now owns 167,452 shares of the technology company’s stock valued at $27,701,000 after purchasing an additional 53,412 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Msci by 11.1% during the second quarter. World Asset Management Inc now owns 6,234 shares of the technology company’s stock valued at $1,031,000 after purchasing an additional 624 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Msci by 8.0% during the second quarter. Nisa Investment Advisors LLC now owns 19,057 shares of the technology company’s stock valued at $3,153,000 after purchasing an additional 1,416 shares in the last quarter. Finally, Fred Alger Management Inc. boosted its stake in shares of Msci by 425.9% during the second quarter. Fred Alger Management Inc. now owns 25,516 shares of the technology company’s stock valued at $4,221,000 after purchasing an additional 20,664 shares in the last quarter. Hedge funds and other institutional investors own 92.58% of the company’s stock.
Msci stock opened at $145.53 on Tuesday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 6.80. The company has a market capitalization of $13.49 billion, a P/E ratio of 36.57, a P/E/G ratio of 2.91 and a beta of 1.09. Msci Inc has a one year low of $124.08 and a one year high of $184.22.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be paid a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Thursday, November 15th. Msci’s dividend payout ratio is currently 58.29%.
MSCI has been the topic of a number of recent research reports. Morgan Stanley set a $185.00 price target on Msci and gave the company a “hold” rating in a research note on Thursday, September 13th. Barclays cut their price target on Msci from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Friday, November 2nd. BMO Capital Markets cut their price target on Msci from $180.00 to $178.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Zacks Investment Research reissued a “hold” rating on shares of Msci in a research note on Wednesday, November 14th. Finally, Cantor Fitzgerald lifted their price target on Msci to $192.00 and gave the company an “overweight” rating in a research note on Friday, August 3rd. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $175.29.
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Msci Company Profile
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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