Flossbach Von Storch SE Has $94.83 Million Stake in MSCI Inc $MSCI

Flossbach Von Storch SE reduced its holdings in shares of MSCI Inc (NYSE:MSCI) by 23.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,324 shares of the technology company’s stock after selling 51,952 shares during the period. Flossbach Von Storch SE’s holdings in MSCI were worth $94,828,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Chancellor Financial Group WB LP bought a new stake in shares of MSCI in the 2nd quarter valued at approximately $262,000. Danske Bank A S bought a new stake in MSCI in the second quarter valued at $21,932,000. Diversify Advisory Services LLC acquired a new position in MSCI during the second quarter worth $1,136,000. Oxbow Advisors LLC bought a new position in shares of MSCI during the second quarter valued at $6,458,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of MSCI in the 2nd quarter valued at $4,421,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Stock Up 0.3%

Shares of MSCI stock opened at $564.44 on Thursday. The firm has a market cap of $41.03 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 2.15 and a beta of 1.23. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The stock has a 50-day moving average price of $583.54 and a 200 day moving average price of $573.90.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. During the same period last year, the business posted $4.17 EPS. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. Sell-side analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a dividend of $2.05 per share. The ex-dividend date is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. MSCI’s payout ratio is presently 44.86%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Jefferies Financial Group initiated coverage on MSCI in a research report on Friday, July 17th. They issued a “buy” rating and a $760.00 price objective for the company. Raymond James Financial lifted their price target on MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $655.00 price objective on shares of MSCI in a report on Wednesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Barclays upped their target price on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $709.50.

MSCI 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.