Truist Financial Corp Buys 3,824 Shares of MSCI Inc. (NYSE:MSCI)

Truist Financial Corp increased its stake in MSCI Inc. (NYSE:MSCI) by 15.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,336 shares of the technology company’s stock after purchasing an additional 3,824 shares during the period. Truist Financial Corp’s holdings in MSCI were worth $14,133,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rise Advisors LLC bought a new stake in shares of MSCI during the 1st quarter worth approximately $26,000. Rothschild Investment LLC acquired a new position in shares of MSCI during the 2nd quarter worth $26,000. HWG Holdings LP bought a new stake in shares of MSCI during the 2nd quarter worth $27,000. Crewe Advisors LLC acquired a new stake in MSCI in the first quarter valued at about $34,000. Finally, Ridgewood Investments LLC bought a new position in MSCI in the second quarter valued at about $40,000. Institutional investors and hedge funds own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company upgraded shares of MSCI to a “hold” rating in a research report on Tuesday, August 13th. Morgan Stanley increased their price target on MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a research report on Wednesday, July 24th. Barclays boosted their price target on MSCI from $650.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, The Goldman Sachs Group boosted their target price on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $598.07.

MSCI Stock Up 0.2 %

MSCI stock opened at $589.72 on Friday. The company has a market capitalization of $46.72 billion, a PE ratio of 40.25, a PEG ratio of 2.98 and a beta of 1.11. The firm’s fifty day moving average is $560.60 and its 200 day moving average is $523.38. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $617.39.

MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, July 23rd. The technology company reported $3.64 EPS for the quarter, beating the consensus estimate of $3.55 by $0.09. The company had revenue of $707.90 million during the quarter, compared to the consensus estimate of $696.41 million. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the business posted $3.26 EPS. Sell-side analysts expect that MSCI Inc. will post 14.79 EPS for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, August 16th. MSCI’s payout ratio is currently 43.69%.

MSCI Company Profile

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.