MSCI Inc. (NYSE:MSCI) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in shares of MSCI Inc. (NYSE:MSCI) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,618 shares of the technology company’s stock after selling 310 shares during the period. Truist Financial Corp’s holdings in MSCI were worth $11,171,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC boosted its position in MSCI by 30.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 564 shares of the technology company’s stock worth $329,000 after purchasing an additional 130 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in MSCI by 30.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 174,982 shares of the technology company’s stock worth $104,991,000 after purchasing an additional 41,346 shares in the last quarter. JPMorgan Chase & Co. boosted its position in MSCI by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 536,211 shares of the technology company’s stock worth $312,574,000 after purchasing an additional 23,050 shares in the last quarter. Mizuho Securities USA LLC boosted its position in MSCI by 339.6% during the third quarter. Mizuho Securities USA LLC now owns 26,834 shares of the technology company’s stock worth $15,642,000 after purchasing an additional 20,730 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its position in MSCI by 176.2% during the third quarter. Integrated Wealth Concepts LLC now owns 1,580 shares of the technology company’s stock worth $921,000 after purchasing an additional 1,008 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Buying and Selling at MSCI

In other news, CEO Henry A. Fernandez purchased 2,900 shares of the stock in a transaction on Thursday, December 5th. The stock was purchased at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the completion of the transaction, the chief executive officer now owns 330,379 shares in the company, valued at approximately $202,456,251.20. The trade was a 0.89 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.20% of the stock is owned by company insiders.

MSCI Trading Down 0.0 %

MSCI stock opened at $574.51 on Friday. The firm has a market capitalization of $44.61 billion, a P/E ratio of 40.86, a PEG ratio of 2.60 and a beta of 1.11. The stock has a fifty day moving average price of $598.40 and a 200 day moving average price of $587.18. MSCI Inc. has a 52 week low of $439.95 and a 52 week high of $642.45.

MSCI (NYSE:MSCI) last released its earnings results on Wednesday, January 29th. The technology company reported $4.18 EPS for the quarter, beating the consensus estimate of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same period last year, the company earned $3.68 earnings per share. As a group, equities analysts predict that MSCI Inc. will post 16.86 EPS for the current year.

MSCI Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Friday, February 14th. This is an increase from MSCI’s previous quarterly dividend of $1.60. MSCI’s payout ratio is 51.21%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MSCI shares. Morgan Stanley boosted their target price on MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. cut their price target on MSCI from $700.00 to $680.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Wolfe Research raised MSCI from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 12th. UBS Group cut their price target on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $675.00 price target on shares of MSCI in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $649.23.

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.