M&T Bank Corp Has $5.74 Million Holdings in MSCI Inc $MSCI

M&T Bank Corp increased its holdings in shares of MSCI Inc (NYSE:MSCI) by 13.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,995 shares of the technology company’s stock after buying an additional 1,157 shares during the quarter. M&T Bank Corp’s holdings in MSCI were worth $5,735,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of MSCI by 6.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,749 shares of the technology company’s stock valued at $1,008,745,000 after purchasing an additional 109,287 shares during the period. Dash Acquisitions Inc. raised its stake in shares of MSCI by 103.6% in the 3rd quarter. Dash Acquisitions Inc. now owns 14,958 shares of the technology company’s stock valued at $8,490,000 after purchasing an additional 7,613 shares during the period. Katamaran Capital LLP raised its stake in shares of MSCI by 57.1% in the 3rd quarter. Katamaran Capital LLP now owns 4,919 shares of the technology company’s stock valued at $2,791,000 after purchasing an additional 1,788 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of MSCI by 37.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,228 shares of the technology company’s stock valued at $6,938,000 after purchasing an additional 3,346 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its stake in shares of MSCI by 10.5% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 36,996 shares of the technology company’s stock valued at $20,992,000 after purchasing an additional 3,510 shares during the period. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Buying and Selling

In other MSCI news, CEO Henry A. Fernandez purchased 6,000 shares of MSCI stock in a transaction that occurred on Friday, February 13th. The stock was acquired at an average price of $524.18 per share, for a total transaction of $3,145,080.00. Following the completion of the acquisition, the chief executive officer owned 1,493,047 shares of the company’s stock, valued at approximately $782,625,376.46. This trade represents a 0.40% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Alvise J. Munari sold 10,000 shares of MSCI stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $592.04, for a total value of $5,920,400.00. Following the transaction, the insider owned 23,548 shares of the company’s stock, valued at $13,941,357.92. The trade was a 29.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on MSCI shares. Raymond James Financial reissued a “strong-buy” rating and issued a $730.00 price target on shares of MSCI in a research note on Tuesday, April 21st. Weiss Ratings raised MSCI from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $655.00 price target on shares of MSCI in a research note on Wednesday, April 22nd. Bank of America started coverage on MSCI in a research note on Tuesday, February 17th. They issued a “buy” rating and a $700.00 price target on the stock. Finally, UBS Group lifted their price target on MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, MSCI has an average rating of “Buy” and a consensus target price of $692.70.

MSCI Stock Performance

NYSE:MSCI opened at $581.45 on Thursday. The stock’s 50-day simple moving average is $560.30 and its 200 day simple moving average is $564.07. The company has a market cap of $42.33 billion, a P/E ratio of 33.21, a P/E/G ratio of 2.19 and a beta of 1.24. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $626.28.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, April 21st. The technology company reported $4.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.38 by $0.17. The business had revenue of $850.80 million for the quarter, compared to the consensus estimate of $830.91 million. MSCI had a negative return on equity of 65.48% and a net margin of 40.74%.MSCI’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.00 earnings per share. As a group, equities analysts predict that MSCI Inc will post 19.62 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be issued a dividend of $2.05 per share. The ex-dividend date is Friday, May 15th. This represents a $8.20 dividend on an annualized basis and a yield of 1.4%. MSCI’s dividend payout ratio (DPR) is presently 46.83%.

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.