SteelPeak Wealth LLC Makes New $623,000 Investment in MSCI Inc $MSCI

SteelPeak Wealth LLC bought a new position in MSCI Inc (NYSE:MSCI) during the second quarter, Holdings Channel reports. The institutional investor bought 1,080 shares of the technology company’s stock, valued at approximately $623,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in MSCI by 5.9% in the first quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company’s stock worth $5,302,610,000 after acquiring an additional 518,833 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in MSCI by 0.9% in the first quarter. Principal Financial Group Inc. now owns 1,626,923 shares of the technology company’s stock worth $920,026,000 after acquiring an additional 13,918 shares during the last quarter. American Century Companies Inc. lifted its holdings in MSCI by 2.0% in the first quarter. American Century Companies Inc. now owns 1,008,778 shares of the technology company’s stock worth $570,464,000 after acquiring an additional 19,846 shares during the last quarter. PineStone Asset Management Inc. lifted its holdings in MSCI by 11.9% in the second quarter. PineStone Asset Management Inc. now owns 890,123 shares of the technology company’s stock worth $513,370,000 after acquiring an additional 94,466 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in MSCI by 2.6% in the first quarter. Northern Trust Corp now owns 804,640 shares of the technology company’s stock worth $455,024,000 after acquiring an additional 20,150 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Insider Activity at MSCI

In related news, CEO Henry A. Fernandez acquired 9,916 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were acquired at an average price of $544.70 per share, for a total transaction of $5,401,245.20. Following the completion of the purchase, the chief executive officer directly owned 1,279,867 shares of the company’s stock, valued at $697,143,554.90. The trade was a 0.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have purchased a total of 12,400 shares of company stock worth $6,731,599 in the last quarter. 3.31% of the stock is owned by company insiders.

MSCI Price Performance

NYSE MSCI opened at $566.95 on Thursday. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $642.45. The firm has a market capitalization of $43.86 billion, a PE ratio of 37.55, a P/E/G ratio of 2.78 and a beta of 1.33. The company’s 50 day simple moving average is $564.28 and its 200 day simple moving average is $559.55.

MSCI (NYSE:MSCI) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $4.12 by $0.05. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The business had revenue of $772.68 million for the quarter, compared to analyst estimates of $763.06 million. During the same quarter last year, the business earned $3.64 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $1.80 per share. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, August 15th. MSCI’s dividend payout ratio (DPR) is currently 47.68%.

Wall Street Analyst Weigh In

MSCI has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on shares of MSCI from $578.00 to $533.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of MSCI in a report on Wednesday. Seaport Res Ptn raised MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. Raymond James Financial raised MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price target on the stock in a report on Friday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on MSCI from $625.00 to $655.00 and gave the company an “overweight” rating in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, MSCI presently has a consensus rating of “Moderate Buy” and a consensus price target of $649.70.

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.