MSCI Inc. (NYSE:MSCI) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. cut its holdings in MSCI Inc. (NYSE:MSCIGet Rating) by 19.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 334 shares of the technology company’s stock after selling 83 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in MSCI were worth $168,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in shares of MSCI in the 4th quarter valued at $437,422,000. Castleview Partners LLC acquired a new position in MSCI during the 4th quarter worth $672,000. BlackRock Inc. grew its holdings in MSCI by 5.7% during the 4th quarter. BlackRock Inc. now owns 6,730,522 shares of the technology company’s stock worth $4,123,726,000 after acquiring an additional 360,156 shares in the last quarter. State Street Corp grew its holdings in MSCI by 2.2% during the 4th quarter. State Street Corp now owns 3,662,015 shares of the technology company’s stock worth $2,243,680,000 after acquiring an additional 77,739 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of MSCI by 29.6% in the 1st quarter. Victory Capital Management Inc. now owns 317,265 shares of the technology company’s stock valued at $153,662,000 after buying an additional 72,528 shares during the period. 90.76% of the stock is currently owned by institutional investors and hedge funds.

MSCI Trading Up 0.1 %

NYSE MSCI opened at $467.89 on Thursday. The company has a fifty day simple moving average of $448.76 and a 200 day simple moving average of $462.65. The company has a market cap of $37.67 billion, a P/E ratio of 48.14 and a beta of 1.09. MSCI Inc. has a 1 year low of $376.41 and a 1 year high of $679.85.

MSCI (NYSE:MSCIGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The technology company reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.71 by $0.07. The business had revenue of $551.80 million during the quarter, compared to the consensus estimate of $560.24 million. MSCI had a net margin of 36.85% and a negative return on equity of 151.89%. MSCI’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 EPS. Equities research analysts forecast that MSCI Inc. will post 11.33 EPS for the current fiscal year.

MSCI Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Friday, August 12th will be issued a dividend of $1.25 per share. This is an increase from MSCI’s previous quarterly dividend of $1.04. This represents a $5.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, August 11th. MSCI’s dividend payout ratio is currently 51.44%.

Insider Buying and Selling

In other MSCI news, insider Scott A. Crum sold 5,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $501.46, for a total value of $2,507,300.00. Following the completion of the sale, the insider now directly owns 27,408 shares of the company’s stock, valued at approximately $13,744,015.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.02% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on MSCI shares. Oppenheimer lifted their price objective on shares of MSCI from $507.00 to $535.00 and gave the company an “outperform” rating in a research report on Tuesday, August 16th. Morgan Stanley cut their price target on shares of MSCI from $515.00 to $508.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of MSCI from $478.00 to $513.00 in a research note on Wednesday, August 10th. Raymond James dropped their price objective on shares of MSCI from $515.00 to $493.00 in a research note on Friday, July 15th. Finally, UBS Group increased their price target on shares of MSCI from $514.00 to $546.00 and gave the stock a “buy” rating in a research note on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $517.25.

MSCI Company Profile

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MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other – Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, 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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