SteelPeak Wealth LLC Invests $623,000 in MSCI Inc $MSCI

Key Points

• SteelPeak Wealth LLC made a significant investment of $623,000 in MSCI Inc by acquiring 1,080 shares, marking a new position for the institutional investor.
• MSCI reported $4.17 EPS for the last quarter, exceeding expectations, and had a revenue of $772.68 million, reflecting a 9.1% increase from the previous year.
• Several analysts have given MSCI a consensus rating of "Moderate Buy" with an average price target of $649.70, indicating strong confidence in the stock's future performance.

SteelPeak Wealth LLC acquired a new position in shares of MSCI Inc (NYSE:MSCI - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,080 shares of the technology company's stock, valued at approximately $623,000.

A number of other institutional investors have also recently added to or reduced their stakes in MSCI. UMB Bank n.a. boosted its position in MSCI by 16.8% during the 1st quarter. UMB Bank n.a. now owns 257 shares of the technology company's stock worth $145,000 after purchasing an additional 37 shares during the period. Harbor Capital Advisors Inc. boosted its position in MSCI by 39.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 1,762 shares of the technology company's stock worth $996,000 after purchasing an additional 496 shares during the period. GAMMA Investing LLC boosted its position in MSCI by 8.4% during the 1st quarter. GAMMA Investing LLC now owns 894 shares of the technology company's stock worth $506,000 after purchasing an additional 69 shares during the period. Integrated Advisors Network LLC boosted its position in MSCI by 13.6% during the 1st quarter. Integrated Advisors Network LLC now owns 868 shares of the technology company's stock worth $491,000 after purchasing an additional 104 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in MSCI by 32.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 231,094 shares of the technology company's stock worth $130,684,000 after purchasing an additional 56,112 shares during the period. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Price Performance

NYSE:MSCI opened at $566.95 on Thursday. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45. The firm has a 50-day moving average of $564.28 and a two-hundred day moving average of $559.55. The stock has a market cap of $43.86 billion, a P/E ratio of 37.55, a PEG ratio of 2.78 and a beta of 1.33.

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

MSCI Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was 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%.

Insider Activity at MSCI

In related news, CEO Henry A. Fernandez purchased 9,916 shares of MSCI stock in a transaction dated Thursday, July 24th. The shares were acquired 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 approximately $697,143,554.90. This trade represents a 0.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 12,400 shares of company stock worth $6,731,599 over the last quarter. Company insiders own 3.31% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MSCI. Seaport Res Ptn raised shares of MSCI to a "strong-buy" rating in a research report on Wednesday, October 1st. Weiss Ratings reissued a "buy (b-)" rating on shares of MSCI in a research report on Wednesday. UBS Group upped their price objective on shares of MSCI from $655.00 to $700.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. upped their price objective on shares of MSCI from $625.00 to $655.00 and gave the company an "overweight" rating in a research report on Wednesday, September 10th. Finally, Raymond James Financial raised shares of MSCI from a "market perform" rating to an "outperform" rating and set a $650.00 price objective for the company in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, MSCI presently has a consensus rating of "Moderate Buy" and a consensus price target of $649.70.

MSCI Company 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.

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