Third View Private Wealth LLC Invests $1.27 Million in MSCI Inc $MSCI

Key Points

• Third View Private Wealth LLC opened a new stake in MSCI, buying 2,208 shares worth about $1.27 million during the fourth quarter (Form 13F filing).
• Major institutions like Vanguard, State Street, Bamco, Principal and JPMorgan increased their MSCI holdings and overall institutional ownership stands at 89.97%; meanwhile, CFO Andrew C. Wiechmann sold 450 shares and CEO Henry A. Fernandez purchased 800 shares.
• Analysts give MSCI a consensus rating of "Moderate Buy" with a $665.89 target, the company slightly beat recent quarterly EPS and revenue grew 10.6%, and MSCI raised its quarterly dividend to $2.05 (annualized $8.20, ~1.5% yield).

Third View Private Wealth LLC bought a new position in MSCI Inc (NYSE:MSCI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,208 shares of the technology company's stock, valued at approximately $1,267,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of MSCI by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 9,674,093 shares of the technology company's stock worth $5,489,177,000 after acquiring an additional 165,851 shares in the last quarter. State Street Corp boosted its holdings in shares of MSCI by 1.2% in the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company's stock worth $1,884,233,000 after acquiring an additional 39,450 shares in the last quarter. Bamco Inc. NY boosted its holdings in shares of MSCI by 10.3% in the 3rd quarter. Bamco Inc. NY now owns 2,394,117 shares of the technology company's stock worth $1,358,446,000 after acquiring an additional 223,784 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of MSCI by 6.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,777,749 shares of the technology company's stock worth $1,008,745,000 after acquiring an additional 109,287 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of MSCI by 36.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,069,180 shares of the technology company's stock worth $606,674,000 after acquiring an additional 282,859 shares in the last quarter. 89.97% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at MSCI

In other MSCI news, CFO Andrew C. Wiechmann sold 450 shares of the company's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total transaction of $252,000.00. Following the completion of the sale, the chief financial officer owned 22,544 shares in the company, valued at approximately $12,624,640. The trade was a 1.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Henry A. Fernandez bought 800 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were acquired at an average price of $518.95 per share, with a total value of $415,160.00. Following the transaction, the chief executive officer directly owned 1,493,847 shares in the company, valued at approximately $775,231,900.65. The trade was a 0.05% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 3.76% of the company's stock.

Analysts Set New Price Targets

MSCI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $715.00 target price on shares of MSCI in a report on Thursday, January 29th. Barclays restated an "overweight" rating on shares of MSCI in a research report on Thursday, January 29th. Bank of America started coverage on shares of MSCI in a research report on Tuesday, February 17th. They issued a "buy" rating and a $700.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of MSCI from $618.00 to $545.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 1st. Finally, UBS Group set a $638.00 price objective on shares of MSCI in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold 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 target price of $665.89.

MSCI Stock Performance

Shares of MSCI stock opened at $552.57 on Tuesday. The firm has a fifty day moving average of $548.08 and a two-hundred day moving average of $561.46. The stock has a market capitalization of $40.60 billion, a price-to-earnings ratio of 35.22, a PEG ratio of 2.19 and a beta of 1.30. MSCI Inc has a 52 week low of $501.08 and a 52 week high of $626.28.

MSCI (NYSE:MSCI - Get Free Report) last issued its earnings results on Wednesday, January 28th. The technology company reported $4.66 EPS for the quarter, beating the consensus estimate of $4.62 by $0.04. The company had revenue of $822.53 million during the quarter, compared to analysts' expectations of $819.51 million. MSCI had a net margin of 38.36% and a negative return on equity of 82.59%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.18 EPS. As a group, research analysts forecast that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were given a dividend of $2.05 per share. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Friday, February 13th. This is a positive change from MSCI's previous quarterly dividend of $1.80. MSCI's dividend payout ratio is presently 52.26%.

MSCI Profile

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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