Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of MSCI Inc (NYSE:MSCI – Free Report) by 19.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,073 shares of the technology company’s stock after purchasing an additional 1,300 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in MSCI were worth $4,509,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Menard Financial Group LLC bought a new position in shares of MSCI in the 4th quarter valued at $26,000. Johnson Financial Group Inc. lifted its stake in shares of MSCI by 293.8% in the 4th quarter. Johnson Financial Group Inc. now owns 63 shares of the technology company’s stock valued at $38,000 after acquiring an additional 47 shares during the last quarter. Colonial Trust Co SC lifted its stake in shares of MSCI by 122.6% in the 4th quarter. Colonial Trust Co SC now owns 69 shares of the technology company’s stock valued at $42,000 after acquiring an additional 38 shares during the last quarter. HWG Holdings LP bought a new position in shares of MSCI in the 1st quarter valued at $44,000. Finally, Versant Capital Management Inc lifted its stake in shares of MSCI by 147.2% in the 1st quarter. Versant Capital Management Inc now owns 89 shares of the technology company’s stock valued at $50,000 after acquiring an additional 53 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors.
MSCI Trading Up 0.9%
Shares of MSCI opened at $581.99 on Wednesday. The stock has a 50 day moving average of $558.03 and a 200 day moving average of $570.41. MSCI Inc has a 12 month low of $478.83 and a 12 month high of $642.45. The company has a market capitalization of $45.03 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 2.87 and a beta of 1.32.
MSCI Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a $1.80 dividend. This represents a $7.20 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, May 16th. MSCI’s dividend payout ratio (DPR) is presently 49.48%.
Insider Buying and Selling at MSCI
In other news, COO Cd Baer Pettit sold 5,000 shares of MSCI stock in a transaction on Monday, May 5th. The stock was sold at an average price of $552.59, for a total value of $2,762,950.00. Following the completion of the transaction, the chief operating officer directly owned 289,787 shares in the company, valued at approximately $160,133,398.33. The trade was a 1.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.31% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on MSCI. Oppenheimer reaffirmed a “market perform” rating on shares of MSCI in a research report on Wednesday, April 23rd. Barclays lowered their target price on MSCI from $675.00 to $650.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. lowered their target price on MSCI from $680.00 to $650.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Wells Fargo & Company lowered their target price on MSCI from $532.00 to $530.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Evercore ISI decreased their price target on MSCI from $673.00 to $631.00 and set an “outperform” rating for the company in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $645.36.
Read Our Latest Report on MSCI
About MSCI
MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.
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