Hsbc Holdings PLC Makes New $103.12 Million Investment in MSCI Inc $MSCI

Hsbc Holdings PLC acquired a new stake in shares of MSCI Inc (NYSE:MSCI) in the second quarter, HoldingsChannel.com reports. The fund acquired 184,399 shares of the technology company’s stock, valued at approximately $103,120,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of MSCI in the second quarter worth $3,062,626,000. State Street Corp grew its stake in MSCI by 1.2% during the third quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock valued at $1,884,233,000 after acquiring an additional 39,450 shares in the last quarter. Bamco Inc. NY increased its holdings in MSCI by 15.1% in the 4th quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after acquiring an additional 361,630 shares during the last quarter. Morgan Stanley increased its holdings in MSCI by 2.2% in the 4th quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock valued at $1,415,713,000 after acquiring an additional 52,242 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its stake in MSCI by 13.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock worth $829,781,000 after purchasing an additional 168,405 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

MSCI Stock Performance

NYSE:MSCI opened at $564.39 on Thursday. The firm has a market capitalization of $41.03 billion, a PE ratio of 30.87, a PEG ratio of 2.15 and a beta of 1.23. The stock’s fifty day moving average is $579.99 and its 200 day moving average is $573.07. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77.

MSCI (NYSE:MSCI) last posted 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 negative return on equity of 55.19% and a net margin of 40.74%.The firm had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. During the same period in the previous year, the firm earned $4.17 earnings per share. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. Equities analysts forecast that MSCI Inc will post 19.61 EPS for the current year.

MSCI Announces Dividend

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

Analyst Ratings Changes

Several research firms have commented on MSCI. Morgan Stanley reiterated an “overweight” rating and set a $700.00 price objective on shares of MSCI in a research report on Tuesday, July 21st. Raymond James Financial boosted their target price on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. upped their target price on shares of MSCI from $700.00 to $742.00 and gave the company an “overweight” rating in a research report on Monday, July 20th. Jefferies Financial Group started coverage on shares of MSCI in a report on Friday, July 17th. They issued a “buy” rating and a $760.00 price target for the company. Finally, Weiss Ratings lowered MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating and eleven have issued a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $709.50.

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.