Corient Private Wealth LP Decreases Stake in MSCI Inc $MSCI

Corient Private Wealth LP reduced its stake in MSCI Inc (NYSE:MSCI - Free Report) by 38.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,009 shares of the technology company's stock after selling 9,191 shares during the quarter. Corient Private Wealth LP's holdings in MSCI were worth $8,406,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of MSCI in the 2nd quarter valued at $3,062,626,000. Bamco Inc. NY acquired a new stake in MSCI during the 2nd quarter worth about $1,798,710,000. T. Rowe Price Investment Management Inc. grew its stake in MSCI by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company's stock valued at $829,781,000 after purchasing an additional 168,405 shares during the last quarter. Norges Bank purchased a new stake in MSCI during the 4th quarter valued at about $528,560,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of MSCI in the second quarter valued at about $480,613,000. 89.97% of the stock is currently owned by institutional investors and hedge funds.

MSCI Price Performance

Shares of MSCI stock opened at $550.09 on Friday. MSCI Inc has a 1-year low of $501.08 and a 1-year high of $644.77. The firm has a market cap of $39.99 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 2.06 and a beta of 1.22. The company has a 50-day moving average of $572.15 and a two-hundred day moving average of $575.11.

MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The company had revenue of $867.00 million during the quarter, compared to analysts' expectations of $870.71 million. During the same period last year, the firm posted $4.17 earnings per share. MSCI's revenue was up 12.2% on a year-over-year basis. Sell-side analysts anticipate that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $2.05 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. MSCI's payout ratio is presently 44.86%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSCI. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research note on Thursday, June 18th. Weiss Ratings lowered MSCI from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Raymond James Financial raised their price target on shares of MSCI from $730.00 to $760.00 and gave the stock a "strong-buy" rating in a research report on Wednesday, July 8th. Bank of America lifted their price objective on shares of MSCI from $715.00 to $730.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Finally, UBS Group set a $615.00 price objective on shares of MSCI in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company's stock. According to MarketBeat, MSCI has a consensus rating of "Buy" and an average target price of $709.50.

MSCI Company Profile

MSCI Inc is a global provider of investment decision-support tools and services for institutional investors, asset managers, wealth managers, banks and other financial institutions. The company is best known for its indexes, which are used to benchmark portfolios and support the design of investment products such as exchange-traded funds and other index-based strategies.

In addition to indexes covering equities, fixed income and other asset classes, MSCI provides portfolio analytics, risk-management tools, performance measurement and investment data.

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