NewEdge Wealth LLC Has $2.15 Million Stake in MSCI Inc $MSCI

NewEdge Wealth LLC increased its holdings in shares of MSCI Inc (NYSE:MSCI) by 36.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,754 shares of the technology company’s stock after purchasing an additional 1,002 shares during the quarter. NewEdge Wealth LLC’s holdings in MSCI were worth $2,154,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in MSCI by 1.7% during the third quarter. Vanguard Group Inc. now owns 9,674,093 shares of the technology company’s stock valued at $5,489,177,000 after purchasing an additional 165,851 shares during the last quarter. State Street Corp boosted its position in MSCI by 1.2% during the third quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after purchasing an additional 39,450 shares during the last quarter. Bamco Inc. NY boosted its position in MSCI by 10.3% during the third quarter. Bamco Inc. NY now owns 2,394,117 shares of the technology company’s stock valued at $1,358,446,000 after purchasing an additional 223,784 shares during the last quarter. Principal Financial Group Inc. lifted its stake in MSCI by 6.6% in the third quarter. Principal Financial Group Inc. now owns 1,777,749 shares of the technology company’s stock valued at $1,008,745,000 after acquiring an additional 109,287 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in MSCI by 36.0% in the third quarter. JPMorgan Chase & Co. now owns 1,069,180 shares of the technology company’s stock valued at $606,674,000 after acquiring an additional 282,859 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $655.00 price objective on shares of MSCI in a research report on Wednesday, April 22nd. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $730.00 price objective on shares of MSCI in a research report on Tuesday, April 21st. UBS Group raised their target price on shares of MSCI from $710.00 to $720.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings cut shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $715.00 target price on shares of MSCI in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, MSCI currently has a consensus rating of “Moderate Buy” and an average price target of $692.70.

MSCI Stock Down 0.5%

Shares of MSCI stock opened at $581.64 on Wednesday. MSCI Inc has a twelve month low of $501.08 and a twelve month high of $626.28. The company has a 50-day simple moving average of $562.04 and a two-hundred day simple moving average of $565.40. The stock has a market capitalization of $42.34 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24.

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

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $2.05 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s payout ratio is currently 46.83%.

Insider Buying and Selling at MSCI

In related news, CEO Henry A. Fernandez acquired 6,000 shares of the company’s stock in a transaction on Friday, February 13th. The stock was purchased at an average cost of $524.18 per share, with a total value of $3,145,080.00. Following the acquisition, the chief executive officer directly owned 1,493,047 shares of the company’s stock, valued at approximately $782,625,376.46. The trade was a 0.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrew C. Wiechmann sold 450 shares of MSCI stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total value of $252,000.00. Following the completion of the transaction, the chief financial officer directly owned 22,544 shares of the company’s stock, valued at $12,624,640. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.76% of the company’s stock.

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.