Spire Wealth Management trimmed its position in shares of MSCI Inc. (NYSE:MSCI – Free Report) by 25.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 202 shares of the technology company’s stock after selling 70 shares during the quarter. Spire Wealth Management’s holdings in MSCI were worth $95,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in MSCI. Manchester Capital Management LLC boosted its position in MSCI by 657.1% in the first quarter. Manchester Capital Management LLC now owns 53 shares of the technology company’s stock worth $30,000 after purchasing an additional 46 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in MSCI in the 1st quarter worth approximately $35,000. Exchange Traded Concepts LLC raised its position in shares of MSCI by 153.3% in the 2nd quarter. Exchange Traded Concepts LLC now owns 76 shares of the technology company’s stock worth $36,000 after acquiring an additional 46 shares in the last quarter. Clearstead Advisors LLC increased its holdings in shares of MSCI by 214.8% in the 1st quarter. Clearstead Advisors LLC now owns 85 shares of the technology company’s stock worth $48,000 after purchasing an additional 58 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC increased its holdings in shares of MSCI by 37.5% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 99 shares of the technology company’s stock worth $50,000 after purchasing an additional 27 shares in the last quarter. 88.61% of the stock is owned by institutional investors and hedge funds.
MSCI Trading Up 0.2 %
Shares of MSCI stock opened at $522.21 on Tuesday. The company’s fifty day simple moving average is $508.57 and its 200-day simple moving average is $503.76. MSCI Inc. has a 52 week low of $450.00 and a 52 week high of $572.50. The company has a market cap of $41.30 billion, a PE ratio of 43.52, a P/E/G ratio of 2.84 and a beta of 1.11.
MSCI Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Wednesday, November 8th. MSCI’s dividend payout ratio (DPR) is presently 46.00%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on MSCI. JPMorgan Chase & Co. decreased their price target on MSCI from $610.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Redburn Partners restated a “neutral” rating and set a $554.00 target price on shares of MSCI in a report on Thursday, September 14th. Raymond James reduced their price target on MSCI from $577.00 to $533.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 1st. Argus assumed coverage on MSCI in a research note on Tuesday, September 19th. They issued a “buy” rating and a $580.00 target price for the company. Finally, Oppenheimer reduced their target price on MSCI from $620.00 to $613.00 and set an “outperform” rating for the company in a research note on Thursday, October 5th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $563.86.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. It operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets. The Index segment provides indexes for use in various areas of the investment process, including indexed product creation, such as ETFs, mutual funds, annuities, futures, options, structured products, 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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