Bank of New York Mellon Corp Has $245.27 Million Stake in MSCI Inc $MSCI

Bank of New York Mellon Corp decreased its holdings in shares of MSCI Inc (NYSE:MSCI) by 10.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 427,493 shares of the technology company’s stock after selling 48,280 shares during the period. Bank of New York Mellon Corp’s holdings in MSCI were worth $245,266,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Bridges Investment Management Inc. acquired a new position in MSCI during the fourth quarter worth $7,241,000. AXQ Capital LP acquired a new position in MSCI during the fourth quarter worth $1,255,000. Crestmont Private Wealth LLC boosted its holdings in MSCI by 4.0% during the fourth quarter. Crestmont Private Wealth LLC now owns 1,040 shares of the technology company’s stock worth $597,000 after purchasing an additional 40 shares during the last quarter. BNP Paribas boosted its holdings in MSCI by 6.4% during the fourth quarter. BNP Paribas now owns 8,803 shares of the technology company’s stock worth $5,058,000 after purchasing an additional 527 shares during the last quarter. Finally, Ellevest Inc. boosted its holdings in MSCI by 14.8% during the fourth quarter. Ellevest Inc. now owns 1,006 shares of the technology company’s stock worth $577,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Transactions at MSCI

In related news, insider Alvise J. Munari sold 10,000 shares of the firm’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $592.04, for a total transaction of $5,920,400.00. Following the transaction, the insider directly owned 23,548 shares of the company’s stock, valued at approximately $13,941,357.92. This trade represents a 29.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew C. Wiechmann sold 450 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $560.00, for a total transaction of $252,000.00. Following the transaction, the chief financial officer directly owned 22,544 shares in the company, valued at approximately $12,624,640. This represents a 1.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wells Fargo & Company upgraded shares of MSCI from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $650.00 to $700.00 in a report on Wednesday, May 27th. UBS Group increased their price target on shares of MSCI from $710.00 to $720.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded shares of MSCI from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Raymond James Financial reiterated a “strong-buy” rating and issued a $730.00 price target on shares of MSCI in a research note on Tuesday, April 21st. Finally, Bank of America started coverage on shares of MSCI in a research note on Tuesday, February 17th. They issued a “buy” rating and a $700.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $697.70.

MSCI Price Performance

Shares of MSCI opened at $620.52 on Friday. The firm has a market capitalization of $45.17 billion, a PE ratio of 35.44, a PEG ratio of 2.32 and a beta of 1.24. The company’s 50-day moving average is $576.28 and its 200-day moving average is $568.51. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.68.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, April 21st. The technology company reported $4.55 earnings per share for the quarter, beating the consensus estimate of $4.38 by $0.17. The company had revenue of $850.80 million for the quarter, compared to analyst estimates of $830.91 million. MSCI had a net margin of 40.74% and a negative return on equity of 65.48%. The company’s revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the firm earned $4.00 earnings per share. Analysts predict that MSCI Inc will post 19.62 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were given a dividend of $2.05 per share. This represents a $8.20 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, May 15th. MSCI’s dividend payout ratio (DPR) is currently 46.83%.

About MSCI

MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.

Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.