Chevy Chase Trust Holdings LLC Sells 12,888 Shares of MSCI Inc $MSCI

Chevy Chase Trust Holdings LLC decreased its stake in shares of MSCI Inc (NYSE:MSCI) by 19.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 53,811 shares of the technology company’s stock after selling 12,888 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in MSCI were worth $30,533,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Aviso Financial Inc. lifted its holdings in MSCI by 2.0% in the 3rd quarter. Aviso Financial Inc. now owns 859 shares of the technology company’s stock worth $487,000 after purchasing an additional 17 shares during the last quarter. Intact Investment Management Inc. grew its holdings in MSCI by 16.0% during the second quarter. Intact Investment Management Inc. now owns 138 shares of the technology company’s stock valued at $80,000 after purchasing an additional 19 shares during the last quarter. Empirical Finance LLC raised its position in shares of MSCI by 0.7% in the second quarter. Empirical Finance LLC now owns 2,772 shares of the technology company’s stock valued at $1,599,000 after purchasing an additional 20 shares during the period. Independent Advisor Alliance raised its position in shares of MSCI by 4.3% in the third quarter. Independent Advisor Alliance now owns 509 shares of the technology company’s stock valued at $289,000 after purchasing an additional 21 shares during the period. Finally, Trivant Custom Portfolio Group LLC lifted its stake in shares of MSCI by 0.6% in the third quarter. Trivant Custom Portfolio Group LLC now owns 3,300 shares of the technology company’s stock worth $1,872,000 after buying an additional 21 shares during the last quarter. 89.97% of the stock is owned by institutional investors.

MSCI Price Performance

NYSE:MSCI opened at $547.34 on Monday. The stock has a market cap of $40.21 billion, a P/E ratio of 34.88, a PEG ratio of 2.24 and a beta of 1.29. MSCI Inc has a one year low of $486.73 and a one year high of $626.28. The company has a fifty day moving average price of $568.60 and a 200 day moving average price of $564.76.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.62 by $0.04. MSCI had a net margin of 38.36% and a negative return on equity of 82.59%. The company had revenue of $822.53 million for the quarter, compared to analyst estimates of $819.51 million. During the same period last year, the business posted $4.18 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts anticipate that MSCI Inc will post 16.86 EPS for the current year.

MSCI Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $2.05 dividend. The ex-dividend date was Friday, February 13th. This is a boost from MSCI’s previous quarterly dividend of $1.80. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. MSCI’s dividend payout ratio is 52.26%.

Insiders Place Their Bets

In other news, CEO Henry A. Fernandez bought 800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $518.95 per share, with a total value of $415,160.00. Following the completion of the transaction, the chief executive officer directly owned 1,493,847 shares in the company, valued at $775,231,900.65. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on MSCI. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $715.00 price objective on shares of MSCI in a report on Thursday, January 29th. Bank of America began coverage on shares of MSCI in a research report on Tuesday, February 17th. They set a “buy” rating and a $700.00 target price for the company. Weiss Ratings cut shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Barclays reaffirmed an “overweight” rating on shares of MSCI in a research report on Thursday, January 29th. Finally, Wells Fargo & Company lifted their price objective on MSCI from $590.00 to $618.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $671.78.

About MSCI

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.