Corient Private Wealth LP Acquires New Position in MSCI Inc $MSCI

by · The Markets Daily

Corient Private Wealth LP bought a new position in MSCI Inc (NYSE:MSCI – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,435 shares of the technology company’s stock, valued at approximately $8,644,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ancora Advisors LLC purchased a new stake in shares of MSCI during the second quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd purchased a new position in shares of MSCI in the fourth quarter worth $30,000. Elyxium Wealth LLC bought a new stake in MSCI during the 4th quarter valued at $34,000. Compound Global Advisors LLC bought a new stake in MSCI during the 2nd quarter valued at $34,000. Finally, SHP Wealth Management bought a new stake in MSCI during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 89.97% of the company’s stock.

MSCI Trading Up 0.1%

Shares of NYSE MSCI opened at $571.20 on Monday. The firm has a fifty day simple moving average of $579.52 and a two-hundred day simple moving average of $573.23. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77. The firm has a market capitalization of $41.53 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 2.18 and a beta of 1.23.

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

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $2.05 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. MSCI’s dividend payout ratio is currently 44.86%.

Analysts Set New Price Targets

MSCI has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of MSCI from $700.00 to $735.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. UBS Group set a $615.00 price objective on shares of MSCI in a research note on Wednesday, July 22nd. Bank of America increased their target price on shares of MSCI from $715.00 to $730.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Weiss Ratings cut MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Finally, Rothschild & Co Redburn set a $690.00 price target on MSCI in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $709.50.

Get Our Latest Stock Report on MSCI

MSCI Profile

(Free Report)

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.

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