Russell Investments Group Ltd. Has $215.16 Million Holdings in MSCI Inc $MSCI

Russell Investments Group Ltd. decreased its holdings in MSCI Inc (NYSE:MSCI) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 379,096 shares of the technology company’s stock after selling 10,760 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.50% of MSCI worth $215,161,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MSCI. Principal Financial Group Inc. increased its stake in shares of 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 buying an additional 109,287 shares during the period. Dash Acquisitions Inc. raised its position in shares of MSCI by 103.6% during the third quarter. Dash Acquisitions Inc. now owns 14,958 shares of the technology company’s stock worth $8,490,000 after acquiring an additional 7,613 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of MSCI by 37.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,228 shares of the technology company’s stock worth $6,938,000 after acquiring an additional 3,346 shares during the period. Canoe Financial LP boosted its holdings in MSCI by 12.6% in the third quarter. Canoe Financial LP now owns 209,831 shares of the technology company’s stock valued at $119,060,000 after acquiring an additional 23,500 shares during the last quarter. Finally, Katamaran Capital LLP boosted its holdings in MSCI by 57.1% in the third quarter. Katamaran Capital LLP now owns 4,919 shares of the technology company’s stock valued at $2,791,000 after acquiring an additional 1,788 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Raymond James Financial reissued an “outperform” rating and set a $690.00 target price on shares of MSCI in a research report on Monday, January 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $655.00 price objective on shares of MSCI in a research note on Thursday, January 29th. UBS Group set a $638.00 price objective on shares of MSCI in a research report on Wednesday, January 28th. Barclays reissued an “overweight” rating on shares of MSCI in a research note on Thursday, January 29th. Finally, Evercore boosted their target price on shares of MSCI from $655.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $671.78.

MSCI Stock Up 0.6%

NYSE MSCI opened at $569.33 on Monday. MSCI Inc has a 52 week low of $486.73 and a 52 week high of $626.28. The business has a 50 day moving average price of $571.28 and a 200-day moving average price of $565.55. The company has a market cap of $41.83 billion, a price-to-earnings ratio of 36.29, a P/E/G ratio of 2.32 and a beta of 1.29.

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

MSCI Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a dividend of $2.05 per share. The ex-dividend date was Friday, February 13th. This is a positive change from MSCI’s previous quarterly dividend of $1.80. This represents a $8.20 annualized dividend and a yield of 1.4%. MSCI’s dividend payout ratio is currently 52.26%.

Insiders Place Their Bets

In other news, CFO Andrew C. Wiechmann sold 450 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $550.00, for a total transaction of $247,500.00. Following the completion of the sale, the chief financial officer directly owned 21,639 shares of the company’s stock, valued at $11,901,450. The trade was a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Henry A. Fernandez bought 6,000 shares of the 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 acquisition, the chief executive officer directly owned 1,493,047 shares in the company, valued at $782,625,376.46. The trade was a 0.40% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.31% of the stock is currently owned by company insiders.

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.