Deutsche Bank AG Has $259.28 Million Stock Position in MSCI Inc (NYSE:MSCI)

Key Points

• Deutsche Bank AG reduced its stake in MSCI Inc by 3.5%, now owning 458,488 shares valued at approximately $259.3 million.
• MSCI reported a quarterly earnings per share (EPS) of $4.17, exceeding the consensus estimate and showing a revenue increase of 9.1% year-over-year.
• The company announced a quarterly dividend of $1.80 per share, with an annualized yield of 1.3%, scheduled for payment on August 29.

Deutsche Bank AG lowered its position in shares of MSCI Inc (NYSE:MSCI - Free Report) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 458,488 shares of the technology company's stock after selling 16,828 shares during the quarter. Deutsche Bank AG owned approximately 0.59% of MSCI worth $259,275,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MSCI. Menard Financial Group LLC acquired a new position in shares of MSCI in the 4th quarter valued at $26,000. Olde Wealth Management LLC acquired a new position in shares of MSCI in the 1st quarter valued at $27,000. Meeder Asset Management Inc. boosted its holdings in shares of MSCI by 136.4% in the 1st quarter. Meeder Asset Management Inc. now owns 52 shares of the technology company's stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings in shares of MSCI by 293.8% in the 4th quarter. Johnson Financial Group Inc. now owns 63 shares of the technology company's stock valued at $38,000 after purchasing an additional 47 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of MSCI by 50.0% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 66 shares of the technology company's stock valued at $37,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 89.97% of the company's stock.

MSCI Stock Performance

Shares of NYSE:MSCI traded up $1.24 during trading on Friday, reaching $546.73. The company had a trading volume of 608,676 shares, compared to its average volume of 1,042,163. The firm's fifty day moving average is $562.68 and its 200 day moving average is $562.99. The firm has a market capitalization of $42.30 billion, a PE ratio of 36.21, a price-to-earnings-growth ratio of 2.29 and a beta of 1.29. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The technology company reported $4.17 earnings per share for the quarter, topping analysts' consensus estimates of $4.12 by $0.05. The company had revenue of $772.68 million during the quarter, compared to analyst estimates of $763.06 million. MSCI had a net margin of 39.46% and a negative return on equity of 143.13%. The business's revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.64 EPS. Equities analysts predict that MSCI Inc will post 16.86 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a $1.80 dividend. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, August 15th. MSCI's payout ratio is presently 47.68%.

Insider Activity at MSCI

In other MSCI news, CEO Henry A. Fernandez bought 84 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were acquired at an average cost of $548.69 per share, for a total transaction of $46,089.96. Following the acquisition, the chief executive officer directly owned 1,279,951 shares of the company's stock, valued at $702,296,314.19. This trade represents a 0.01% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have purchased 12,400 shares of company stock valued at $6,731,599. 3.31% of the stock is owned by insiders.

Analyst Ratings Changes

MSCI has been the topic of several recent research reports. UBS Group lifted their target price on shares of MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Evercore ISI dropped their target price on shares of MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. Wells Fargo & Company dropped their target price on shares of MSCI from $578.00 to $533.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 23rd. Raymond James Financial raised shares of MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price target for the company in a report on Friday, July 25th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $675.00 price target on shares of MSCI in a report on Wednesday, April 16th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $654.73.

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.