MSCI Inc. (MSCI) Shares Bought by HL Financial Services LLC
HL Financial Services LLC raised its position in MSCI Inc. (NYSE:MSCI) by 4.3% during the second quarter, Holdings Channel reports. The institutional investor owned 83,178 shares of the company’s stock after buying an additional 3,400 shares during the period. HL Financial Services LLC owned approximately 0.09% of MSCI worth $6,415,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the company. Mckinley Capital Management LLC Delaware acquired a new stake in shares of MSCI during the first quarter worth about $171,000. Hartford Investment Management Co. raised its stake in shares of MSCI by 8.5% in the second quarter. Hartford Investment Management Co. now owns 3,051 shares of the company’s stock worth $235,000 after buying an additional 239 shares in the last quarter. ING Groep NV acquired a new stake in shares of MSCI during the first quarter worth about $230,000. Chilton Capital Management LLC raised its stake in shares of MSCI by 14.9% in the first quarter. Chilton Capital Management LLC now owns 3,498 shares of the company’s stock worth $259,000 after buying an additional 453 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of MSCI during the first quarter worth about $329,000. 95.37% of the stock is owned by hedge funds and other institutional investors.
MSCI Inc. (NYSE:MSCI) traded up 0.49% on Tuesday, hitting $85.66. The stock had a trading volume of 524,442 shares. The company has a market cap of $8.11 billion, a P/E ratio of 35.02 and a beta of 1.02. MSCI Inc. has a 52-week low of $56.87 and a 52-week high of $90.79. The firm’s 50-day moving average is $87.01 and its 200-day moving average is $78.68.
MSCI (NYSE:MSCI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.72 by $0.05. MSCI had a return on equity of 34.95% and a net margin of 22.60%. The firm earned $290.60 million during the quarter, compared to analysts’ expectations of $286.46 million. During the same quarter last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts anticipate that MSCI Inc. will post $2.92 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Thursday, August 11th. This is a boost from MSCI’s previous quarterly dividend of $0.22. MSCI’s dividend payout ratio (DPR) is currently 45.71%.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered MSCI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of MSCI in a research report on Friday, August 19th. Finally, Credit Suisse Group AG started coverage on MSCI in a research report on Monday, July 11th. They set an “outperform” rating and a $88.00 target price for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.50.
In related news, insider Valueact Capital Master Fund, sold 450,000 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $88.17, for a total value of $39,676,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Cd Baer Pettit sold 26,815 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $87.20, for a total value of $2,338,268.00. Following the completion of the transaction, the chief operating officer now owns 230,685 shares of the company’s stock, valued at $20,115,732. The disclosure for this sale can be found here. 2.07% of the stock is owned by corporate insiders.
MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.
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