TD Private Client Wealth LLC Sells 2,839 Shares of MSCI Inc (NYSE:MSCI)

TD Private Client Wealth LLC decreased its position in shares of MSCI Inc (NYSE:MSCI - Free Report) by 65.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,468 shares of the technology company's stock after selling 2,839 shares during the period. TD Private Client Wealth LLC's holdings in MSCI were worth $830,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management grew its holdings in shares of MSCI by 23.2% during the 1st quarter. Ritholtz Wealth Management now owns 812 shares of the technology company's stock worth $459,000 after purchasing an additional 153 shares in the last quarter. Golden State Wealth Management LLC grew its holdings in shares of MSCI by 336.4% during the 1st quarter. Golden State Wealth Management LLC now owns 96 shares of the technology company's stock worth $54,000 after purchasing an additional 74 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in shares of MSCI by 43.4% during the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 78,111 shares of the technology company's stock worth $46,867,000 after purchasing an additional 23,649 shares in the last quarter. Rathbones Group PLC grew its holdings in shares of MSCI by 3.7% during the 4th quarter. Rathbones Group PLC now owns 59,741 shares of the technology company's stock worth $35,845,000 after purchasing an additional 2,123 shares in the last quarter. Finally, NorthRock Partners LLC acquired a new stake in shares of MSCI during the 4th quarter worth $556,000. Institutional investors own 89.97% of the company's stock.

Insider Activity

In other news, COO Cd Baer Pettit sold 5,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $552.59, for a total transaction of $2,762,950.00. Following the completion of the transaction, the chief operating officer directly owned 289,787 shares in the company, valued at $160,133,398.33. This trade represents a 1.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.31% of the stock is owned by company insiders.

MSCI Stock Down 2.1%

Shares of MSCI stock traded down $12.33 during mid-day trading on Friday, reaching $568.33. 224,099 shares of the stock traded hands, compared to its average volume of 539,811. MSCI Inc has a 1-year low of $486.73 and a 1-year high of $642.45. The company has a market cap of $43.97 billion, a price-to-earnings ratio of 39.06, a price-to-earnings-growth ratio of 2.89 and a beta of 1.32. The stock's fifty day simple moving average is $564.49 and its two-hundred day simple moving average is $569.59.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The technology company reported $4.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.88 by $0.12. MSCI had a negative return on equity of 145.52% and a net margin of 39.08%. The company had revenue of $745.83 million during the quarter, compared to the consensus estimate of $746.45 million. On average, equities research analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $7.20 dividend on an annualized basis and a dividend yield of 1.27%. MSCI's dividend payout ratio (DPR) is 49.48%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MSCI. JPMorgan Chase & Co. reduced their target price on MSCI from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Evercore ISI lowered their target price on MSCI from $673.00 to $631.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Oppenheimer reissued a "market perform" rating on shares of MSCI in a research note on Wednesday, April 23rd. UBS Group boosted their target price on MSCI from $655.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, Wells Fargo & Company boosted their target price on MSCI from $530.00 to $578.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $651.55.

MSCI 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.