Amalgamated Bank Raises Stock Holdings in MSCI Inc. (NYSE:MSCI)

Amalgamated Bank increased its position in MSCI Inc. (NYSE:MSCIGet Rating) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,371 shares of the technology company’s stock after purchasing an additional 197 shares during the period. Amalgamated Bank’s holdings in MSCI were worth $11,753,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSCI. Riverview Trust Co bought a new stake in MSCI in the first quarter worth $25,000. Glassman Wealth Services boosted its holdings in MSCI by 50.0% in the fourth quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock worth $37,000 after acquiring an additional 20 shares in the last quarter. Allworth Financial LP boosted its holdings in MSCI by 76.6% in the first quarter. Allworth Financial LP now owns 83 shares of the technology company’s stock worth $42,000 after acquiring an additional 36 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in MSCI by 56.5% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 72 shares of the technology company’s stock worth $44,000 after acquiring an additional 26 shares in the last quarter. Finally, Rosenberg Matthew Hamilton bought a new stake in MSCI in the first quarter worth $50,000. 89.14% of the stock is owned by hedge funds and other institutional investors.

MSCI Stock Performance

MSCI stock opened at $456.68 on Friday. MSCI Inc. has a fifty-two week low of $376.41 and a fifty-two week high of $679.85. The business’s 50-day moving average is $465.81 and its two-hundred day moving average is $455.36. The company has a market cap of $36.76 billion, a price-to-earnings ratio of 46.98 and a beta of 1.11.

MSCI (NYSE:MSCIGet Rating) last issued its quarterly earnings results on Tuesday, July 26th. The technology company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.07. The business had revenue of $551.80 million during the quarter, compared to analysts’ expectations of $560.24 million. MSCI had a negative return on equity of 151.89% and a net margin of 36.85%. The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.45 earnings per share. Equities analysts predict that MSCI Inc. will post 11.33 earnings per share for the current year.

MSCI Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Friday, August 12th were given a $1.25 dividend. This is a boost from MSCI’s previous quarterly dividend of $1.04. The ex-dividend date was Thursday, August 11th. This represents a $5.00 dividend on an annualized basis and a yield of 1.09%. MSCI’s dividend payout ratio is presently 51.44%.

Insiders Place Their Bets

In other MSCI news, insider Scott A. Crum sold 5,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $501.46, for a total value of $2,507,300.00. Following the completion of the sale, the insider now owns 27,408 shares in the company, valued at $13,744,015.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 3.02% of the company’s stock.

Analyst Ratings Changes

MSCI has been the topic of several analyst reports. Raymond James dropped their target price on MSCI from $515.00 to $493.00 in a report on Friday, July 15th. UBS Group upped their price target on MSCI from $514.00 to $546.00 and gave the company a “buy” rating in a report on Friday, July 29th. Oppenheimer upped their price target on MSCI from $507.00 to $535.00 and gave the company an “outperform” rating in a report on Tuesday, August 16th. Morgan Stanley lowered their price target on MSCI from $515.00 to $508.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 27th. Finally, Barclays lowered their price target on MSCI from $570.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, June 24th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $517.25.

MSCI Profile

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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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Institutional Ownership by Quarter for MSCI (NYSE:MSCI)

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