Callan Family Office LLC Purchases 1,747 Shares of MSCI Inc $MSCI

Key Points

• Callan Family Office LLC increased its holdings in MSCI Inc by 92.9% in Q2, acquiring an additional 1,747 shares, bringing its total ownership to 3,627 shares valued at approximately $2.1 million.
• MSCI reported an earnings per share (EPS) of $4.17 for the last quarter, exceeding the consensus estimate of $4.12, while revenue grew by 9.1% year-over-year.
• The company declared a quarterly dividend of $1.80 per share, representing an annualized yield of 1.3%, with a dividend payout ratio currently at 47.68%.

Callan Family Office LLC raised its position in shares of MSCI Inc (NYSE:MSCI - Free Report) by 92.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,627 shares of the technology company's stock after purchasing an additional 1,747 shares during the period. Callan Family Office LLC's holdings in MSCI were worth $2,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of MSCI by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 9,376,852 shares of the technology company's stock valued at $5,302,610,000 after acquiring an additional 518,833 shares during the period. AQR Capital Management LLC grew its stake in MSCI by 355.7% during the 1st quarter. AQR Capital Management LLC now owns 660,690 shares of the technology company's stock valued at $365,976,000 after purchasing an additional 515,713 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of MSCI by 605,802.9% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 212,066 shares of the technology company's stock valued at $129,903,000 after buying an additional 212,031 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of MSCI in the 1st quarter valued at about $119,408,000. Finally, Nuveen LLC acquired a new position in MSCI in the 1st quarter worth about $117,879,000. 89.97% of the stock is owned by institutional investors.

MSCI Trading Down 2.1%

Shares of NYSE MSCI opened at $546.69 on Friday. The stock has a market cap of $42.29 billion, a P/E ratio of 36.20, a PEG ratio of 2.67 and a beta of 1.33. The business's fifty day simple moving average is $564.01 and its 200-day simple moving average is $559.22. MSCI Inc has a 12-month low of $486.73 and a 12-month high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last posted its earnings results 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 firm had revenue of $772.68 million for the quarter, compared to analyst estimates of $763.06 million. MSCI had a negative return on equity of 143.13% and a net margin of 39.46%.MSCI's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.64 earnings per share. On average, equities analysts forecast that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on MSCI from $625.00 to $655.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 10th. Wells Fargo & Company dropped their price target on MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of MSCI in a research report on Wednesday. Seaport Res Ptn upgraded MSCI to a "strong-buy" rating in a research note on Wednesday, October 1st. Finally, UBS Group upped their price target on MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $649.70.

Insider Activity

In related news, CEO Henry A. Fernandez purchased 9,916 shares of the stock in a transaction that occurred on 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 acquisition, the chief executive officer directly owned 1,279,867 shares in the company, valued at $697,143,554.90. This represents a 0.78% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 12,400 shares of company stock worth $6,731,599 over the last 90 days. Company insiders own 3.31% of the company's stock.

About MSCI

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.

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