Tocqueville Asset Management L.P. Buys Shares of 15,250 MSCI Inc $MSCI

Key Points

• Tocqueville Asset Management acquired 15,250 MSCI shares during the second quarter, valued at approximately $8.54 million. Institutional investors collectively own nearly 90% of MSCI’s outstanding stock.
• MSCI reported quarterly revenue of $867 million, up 12.2% year over year, but earnings of $4.94 per share fell slightly short of analyst expectations. Shares opened at $564.44, with a 12-month range of $501.08 to $644.77.
• MSCI declared a quarterly dividend of $2.05 per share, representing an annualized payout of $8.20 and a 1.5% yield. Analysts maintain a consensus “Buy” rating with an average price target of $709.50.

Tocqueville Asset Management L.P. acquired a new stake in shares of MSCI Inc (NYSE:MSCI - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,250 shares of the technology company's stock, valued at approximately $8,541,000.

Several other institutional investors have also recently made changes to their positions in MSCI. Mowery & Schoenfeld Wealth Management LLC boosted its stake in MSCI by 341.7% during the fourth quarter. Mowery & Schoenfeld Wealth Management LLC now owns 53 shares of the technology company's stock valued at $30,000 after buying an additional 41 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in MSCI during the fourth quarter worth about $30,000. Elyxium Wealth LLC bought a new position in MSCI in the 4th quarter worth about $34,000. Compound Global Advisors LLC bought a new position in MSCI in the 2nd quarter worth about $34,000. Finally, SHP Wealth Management purchased a new stake in shares of MSCI in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 89.97% of the company's stock.

MSCI Trading Up 0.3%

Shares of MSCI stock opened at $564.44 on Thursday. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77. The stock's 50-day moving average price is $583.54 and its 200-day moving average price is $573.90. The stock has a market capitalization of $41.03 billion, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23.

MSCI (NYSE:MSCI - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing the consensus estimate of $4.99 by ($0.05). MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. The business had revenue of $867.00 million for the quarter, compared to the consensus estimate of $870.71 million. During the same quarter last year, the business earned $4.17 EPS. MSCI's revenue for the quarter was up 12.2% compared to the same quarter last year. As a group, research analysts predict that MSCI Inc will post 19.61 EPS for the current fiscal year.

MSCI Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSCI. Barclays upped their target price on MSCI from $700.00 to $735.00 and gave the stock an "overweight" rating in a research note on Friday, July 10th. Raymond James Financial raised their target price on MSCI from $730.00 to $760.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, July 8th. Wells Fargo & Company dropped their price target on MSCI from $700.00 to $690.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 22nd. Bank of America increased their target price on MSCI from $715.00 to $730.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Finally, Evercore set a $722.00 price objective on MSCI in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, MSCI has an average rating of "Buy" and a consensus 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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