Crestmont Private Wealth LLC Acquires 98 Shares of MSCI Inc. (NYSE:MSCI)

Crestmont Private Wealth LLC raised its position in MSCI Inc. (NYSE:MSCIFree Report) by 20.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 571 shares of the technology company’s stock after purchasing an additional 98 shares during the quarter. Crestmont Private Wealth LLC’s holdings in MSCI were worth $320,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Evoke Wealth LLC increased its stake in MSCI by 18.4% in the fourth quarter. Evoke Wealth LLC now owns 13,720 shares of the technology company’s stock valued at $7,761,000 after purchasing an additional 2,135 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in MSCI during the fourth quarter worth approximately $959,000. Principal Financial Group Inc. raised its position in shares of MSCI by 7.5% in the fourth quarter. Principal Financial Group Inc. now owns 819,422 shares of the technology company’s stock valued at $463,506,000 after buying an additional 57,342 shares in the last quarter. Brevan Howard Capital Management LP bought a new position in MSCI in the fourth quarter valued at approximately $2,755,000. Finally, Bleakley Financial Group LLC increased its stake in MSCI by 6.8% in the fourth quarter. Bleakley Financial Group LLC now owns 2,340 shares of the technology company’s stock valued at $1,324,000 after acquiring an additional 148 shares during the last quarter. 89.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Cd Baer Pettit bought 7,500 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was purchased at an average cost of $459.41 per share, with a total value of $3,445,575.00. Following the transaction, the chief operating officer now owns 291,038 shares in the company, valued at approximately $133,705,767.58. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, COO Cd Baer Pettit bought 7,500 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was purchased at an average cost of $459.41 per share, with a total value of $3,445,575.00. Following the transaction, the chief operating officer now owns 291,038 shares in the company, valued at approximately $133,705,767.58. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott A. Crum sold 9,000 shares of MSCI stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $471.69, for a total transaction of $4,245,210.00. Following the transaction, the insider now directly owns 12,831 shares of the company’s stock, valued at $6,052,254.39. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MSCI shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $638.00 target price on shares of MSCI in a research note on Friday, April 12th. Barclays dropped their price objective on shares of MSCI from $700.00 to $600.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Bank of America raised shares of MSCI from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $425.00 to $525.00 in a research report on Tuesday, April 30th. Oppenheimer reissued a “market perform” rating on shares of MSCI in a research report on Wednesday, April 24th. Finally, Redburn Atlantic upgraded shares of MSCI from a “neutral” rating to a “buy” rating and set a $485.00 price target on the stock in a research note on Monday, May 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and a consensus price target of $570.53.

Check Out Our Latest Stock Report on MSCI

MSCI Trading Up 0.7 %

Shares of NYSE:MSCI traded up $3.53 during trading on Friday, reaching $486.32. The company had a trading volume of 725,716 shares, compared to its average volume of 517,539. The company has a fifty day moving average of $487.69 and a two-hundred day moving average of $532.00. The stock has a market capitalization of $38.53 billion, a P/E ratio of 33.20, a price-to-earnings-growth ratio of 2.49 and a beta of 1.11. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $617.39.

MSCI (NYSE:MSCIGet Free Report) last released its earnings results on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, beating the consensus estimate of $3.44 by $0.08. MSCI had a net margin of 44.55% and a negative return on equity of 121.86%. The company had revenue of $680.00 million for the quarter, compared to analyst estimates of $685.47 million. During the same quarter last year, the firm earned $3.14 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts predict that MSCI Inc. will post 14.66 earnings per share for the current year.

MSCI Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Thursday, May 16th. MSCI’s dividend payout ratio (DPR) is presently 43.69%.

MSCI Profile

(Free Report)

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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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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