Assetmark Inc. Has $2.43 Million Stock Holdings in MSCI Inc (NYSE:MSCI)

Key Points

• Assetmark Inc. reduced its holdings in MSCI Inc. by 38.2% in the first quarter, owning 4,288 shares worth approximately $2.4 million after selling 2,650 shares.
• Insider trading activity included CEO Henry A. Fernandez purchasing nearly 10,000 shares at $544.70 each, while COO sold 5,000 shares at $552.59.
• The company announced a quarterly dividend of $1.80, with a record date of August 15th, representing an annualized dividend yield of 1.29%.

Assetmark Inc. decreased its position in MSCI Inc (NYSE:MSCI - Free Report) by 38.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,288 shares of the technology company's stock after selling 2,650 shares during the period. Assetmark Inc.'s holdings in MSCI were worth $2,425,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MSCI. Menard Financial Group LLC bought a new stake in MSCI in the 4th quarter valued at $26,000. Olde Wealth Management LLC bought a new stake in MSCI during the 1st quarter worth about $27,000. Johnson Financial Group Inc. lifted its position in MSCI by 293.8% during the 4th quarter. Johnson Financial Group Inc. now owns 63 shares of the technology company's stock worth $38,000 after buying an additional 47 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in MSCI by 50.0% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock worth $37,000 after buying an additional 22 shares in the last quarter. Finally, Colonial Trust Co SC lifted its position in MSCI by 122.6% during the 4th quarter. Colonial Trust Co SC now owns 69 shares of the technology company's stock worth $42,000 after buying an additional 38 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, COO Cd Baer Pettit sold 5,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the completion of the sale, the chief operating officer directly owned 289,787 shares in the company, valued at $160,133,398.33. This represents a 1.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Henry A. Fernandez acquired 9,916 shares of the firm's stock in a transaction dated Thursday, July 24th. The shares were purchased at an average price of $544.70 per share, with a total value of $5,401,245.20. Following the completion of the transaction, the chief executive officer owned 1,279,867 shares of the company's stock, valued at $697,143,554.90. This trade represents a 0.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 12,400 shares of company stock valued at $6,731,599 in the last ninety days. Insiders own 3.31% of the company's stock.

MSCI Stock Performance

Shares of MSCI stock traded down $4.08 on Friday, reaching $557.28. 1,052,973 shares of the stock were exchanged, compared to its average volume of 893,470. The firm has a market cap of $43.11 billion, a PE ratio of 36.91, a P/E/G ratio of 2.77 and a beta of 1.29. The firm's 50 day moving average is $563.67 and its 200-day moving average is $565.49. MSCI Inc has a one year low of $486.73 and a one year high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $4.17 EPS for the quarter, beating the consensus estimate of $4.12 by $0.05. The business had revenue of $772.68 million during the quarter, compared to the consensus estimate of $763.06 million. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The firm's revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.64 EPS. On average, equities research analysts expect that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $7.20 annualized dividend and a dividend yield of 1.3%. MSCI's dividend payout ratio (DPR) is presently 47.68%.

Analyst Upgrades and Downgrades

MSCI has been the topic of several recent analyst reports. UBS Group boosted their price objective on shares of MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company lowered their price objective on shares of MSCI from $578.00 to $533.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Evercore ISI lowered their price objective on shares of MSCI from $673.00 to $631.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. boosted their price objective on shares of MSCI from $650.00 to $680.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Finally, Oppenheimer restated a "market perform" rating on shares of MSCI in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, MSCI presently has a consensus rating of "Moderate Buy" and a consensus price target of $654.73.

MSCI 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.