Deutsche Bank AG Invests $207.95 Million in MSCI Inc $MSCI

Key Points

• Deutsche Bank acquired 371,305 MSCI shares worth approximately $207.95 million during the second quarter, giving it a 0.51% stake. Institutional investors and hedge funds collectively own 89.97% of MSCI.
• MSCI’s latest quarterly results missed estimates, with earnings per share of $4.94 versus the $4.99 consensus and revenue of $867 million versus $870.71 million expected. Revenue nevertheless increased 12.2% year over year.
• Analysts maintain a bullish outlook, with MSCI holding a consensus “Buy” rating and an average price target of $709.50, compared with a recent share price of $562.75. The company also announced a quarterly dividend of $2.05 per share, representing a 1.5% annualized yield.

Deutsche Bank AG purchased a new position in shares of MSCI Inc (NYSE:MSCI - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 371,305 shares of the technology company's stock, valued at approximately $207,946,000. Deutsche Bank AG owned 0.51% of MSCI at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Robertson Stephens Wealth Management LLC boosted its stake in shares of MSCI by 3.1% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 568 shares of the technology company's stock valued at $326,000 after purchasing an additional 17 shares in the last quarter. Allworth Financial LP raised its position in MSCI by 1.7% in the fourth quarter. Allworth Financial LP now owns 1,074 shares of the technology company's stock valued at $616,000 after purchasing an additional 18 shares during the last quarter. AdvisorShares Investments LLC grew its holdings in shares of MSCI by 2.5% during the fourth quarter. AdvisorShares Investments LLC now owns 830 shares of the technology company's stock worth $476,000 after purchasing an additional 20 shares during the last quarter. Huntington National Bank raised its holdings in MSCI by 1.9% in the 4th quarter. Huntington National Bank now owns 1,074 shares of the technology company's stock valued at $616,000 after buying an additional 20 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of MSCI by 4.1% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 530 shares of the technology company's stock valued at $304,000 after acquiring an additional 21 shares during the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Stock Performance

Shares of NYSE:MSCI opened at $562.75 on Wednesday. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The business's 50 day simple moving average is $584.43 and its two-hundred day simple moving average is $574.20. The firm has a market cap of $40.91 billion, a P/E ratio of 30.79, a PEG ratio of 2.17 and a beta of 1.23.

MSCI (NYSE:MSCI - Get Free Report) last issued its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing analysts' consensus estimates of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The firm had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. During the same period in the previous year, the company earned $4.17 earnings per share. MSCI's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities analysts forecast that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $2.05 dividend. This represents a $8.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, August 14th. MSCI's dividend payout ratio (DPR) is 44.86%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Evercore set a $722.00 price objective on MSCI in a research report on Wednesday, July 22nd. Bank of America raised their price target on shares of MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a report on Friday, July 10th. UBS Group set a $615.00 price objective on shares of MSCI in a research note on Wednesday, July 22nd. Rothschild & Co Redburn set a $690.00 price target on shares of MSCI in a research report on Thursday, June 18th. Finally, Wells Fargo & Company dropped their price objective on MSCI from $700.00 to $690.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company's stock. According to MarketBeat, MSCI presently has a consensus rating of "Buy" and an average price target of $709.50.

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.

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