Advisors Asset Management Inc. lowered its position in MSCI Inc. (NYSE:MSCI) by 49.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,400 shares of the company’s stock after selling 2,346 shares during the period. Advisors Asset Management Inc.’s holdings in MSCI were worth $185,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MSCI. Meiji Yasuda Asset Management Co Ltd. purchased a new position in MSCI during the first quarter worth about $329,000. ING Groep NV purchased a new position in MSCI during the first quarter worth about $230,000. M&T Bank Corp increased its position in MSCI by 4.2% in the first quarter. M&T Bank Corp now owns 6,793 shares of the company’s stock worth $503,000 after buying an additional 275 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in MSCI during the first quarter worth about $3,484,000. Finally, JPMorgan Chase & Co. increased its position in MSCI by 20.8% in the first quarter. JPMorgan Chase & Co. now owns 1,195,420 shares of the company’s stock worth $88,556,000 after buying an additional 205,728 shares during the last quarter. 95.32% of the stock is currently owned by institutional investors.
MSCI Inc. (NYSE:MSCI) traded up 0.64% on Wednesday, reaching $83.55. The company’s stock had a trading volume of 130,231 shares. MSCI Inc. has a 52-week low of $58.71 and a 52-week high of $90.79. The company has a market cap of $7.91 billion, a P/E ratio of 34.16 and a beta of 0.96. The firm’s 50-day moving average price is $86.70 and its 200 day moving average price is $79.90.
MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.72 by $0.05. The firm earned $290.60 million during the quarter, compared to the consensus estimate of $286.46 million. MSCI had a return on equity of 34.95% and a net margin of 22.60%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.56 earnings per share. Equities analysts anticipate that MSCI Inc. will post $2.92 EPS for the current fiscal year.
A number of research analysts recently issued reports on the company. Cantor Fitzgerald reiterated a “buy” rating on shares of MSCI in a report on Friday, August 19th. Credit Suisse Group AG reiterated a “buy” rating and set a $88.00 price objective on shares of MSCI in a report on Friday, July 29th. Finally, Zacks Investment Research downgraded MSCI from a “buy” rating to a “hold” rating in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $81.50.
In other news, Director Benjamin F. Dupont sold 5,307 shares of the company’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $89.61, for a total value of $475,560.27. Following the completion of the transaction, the director now directly owns 21,708 shares of the company’s stock, valued at $1,945,253.88. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Cd Baer Pettit sold 26,815 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $87.20, for a total value of $2,338,268.00. Following the completion of the transaction, the chief operating officer now directly owns 230,685 shares of the company’s stock, valued at $20,115,732. The disclosure for this sale can be found here. 2.07% of the stock is owned by insiders.
MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.
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