Exchange Traded Concepts LLC lifted its holdings in MSCI Inc. (NYSE:MSCI – Free Report) by 23.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 941 shares of the technology company’s stock after buying an additional 179 shares during the quarter. Exchange Traded Concepts LLC’s holdings in MSCI were worth $549,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Rise Advisors LLC bought a new position in shares of MSCI in the 1st quarter worth about $26,000. Rothschild Investment LLC bought a new stake in MSCI in the 2nd quarter valued at about $26,000. HWG Holdings LP bought a new stake in MSCI in the 2nd quarter valued at about $27,000. Crewe Advisors LLC bought a new stake in MSCI in the 1st quarter valued at about $34,000. Finally, Ridgewood Investments LLC bought a new stake in MSCI in the 2nd quarter valued at about $40,000. 89.97% of the stock is currently owned by institutional investors.
MSCI Price Performance
MSCI stock opened at $608.02 on Friday. The firm’s 50 day simple moving average is $574.28 and its 200-day simple moving average is $526.56. The company has a market cap of $48.17 billion, a P/E ratio of 41.50, a price-to-earnings-growth ratio of 3.21 and a beta of 1.11. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $617.39.
MSCI Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, August 16th. MSCI’s dividend payout ratio is currently 43.69%.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on MSCI shares. Barclays lifted their price objective on shares of MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Evercore ISI started coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. Argus raised their target price on shares of MSCI from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Morgan Stanley raised their target price on shares of MSCI from $615.00 to $640.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and a consensus price target of $615.23.
Get Our Latest Stock Report on MSCI
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.
Further Reading
- Five stocks we like better than MSCI
- How to Calculate Stock Profit
- Survey Reveals: America’s Most Coveted Businesses in 2024
- Options Trading – Understanding Strike Price
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- Utilities Stocks Explained – How and Why to Invest in Utilities
- Analysts See Growth in CrowdStrike Stock Despite July Setback
Want to see what other hedge funds are holding MSCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MSCI Inc. (NYSE:MSCI – Free Report).
Receive News & Ratings for MSCI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSCI and related companies with MarketBeat.com's FREE daily email newsletter.