Alps Advisors Inc. Purchases Shares of 2,299 MSCI Inc. (NYSE:MSCI)

Alps Advisors Inc. purchased a new stake in shares of MSCI Inc. (NYSE:MSCIGet Rating) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 2,299 shares of the technology company’s stock, valued at approximately $948,000.

Several other large investors have also added to or reduced their stakes in MSCI. AdvisorNet Financial Inc boosted its stake in shares of MSCI by 178.3% in the second quarter. AdvisorNet Financial Inc now owns 64 shares of the technology company’s stock worth $26,000 after buying an additional 41 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of MSCI in the second quarter worth about $31,000. Sargent Bickham Lagudis LLC boosted its stake in shares of MSCI by 161.0% in the second quarter. Sargent Bickham Lagudis LLC now owns 107 shares of the technology company’s stock worth $44,000 after buying an additional 66 shares during the last quarter. Carolinas Wealth Consulting LLC boosted its stake in shares of MSCI by 37.5% in the first quarter. Carolinas Wealth Consulting LLC now owns 99 shares of the technology company’s stock worth $50,000 after buying an additional 27 shares during the last quarter. Finally, CX Institutional purchased a new stake in shares of MSCI in the second quarter worth about $54,000. Hedge funds and other institutional investors own 89.14% of the company’s stock.

Insiders Place Their Bets

In other MSCI news, CFO Andrew C. Wiechmann sold 1,100 shares of the firm’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $453.38, for a total transaction of $498,718.00. Following the completion of the sale, the chief financial officer now owns 15,908 shares of the company’s stock, valued at $7,212,369.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Scott A. Crum sold 7,500 shares of the firm’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $460.00, for a total transaction of $3,450,000.00. Following the completion of the transaction, the insider now directly owns 19,908 shares in the company, valued at $9,157,680. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrew C. Wiechmann sold 1,100 shares of the firm’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $453.38, for a total value of $498,718.00. Following the transaction, the chief financial officer now owns 15,908 shares of the company’s stock, valued at $7,212,369.04. The disclosure for this sale can be found here. 3.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley lowered their price target on MSCI from $505.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 26th. StockNews.com assumed coverage on MSCI in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. UBS Group increased their price target on MSCI from $514.00 to $546.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Deutsche Bank Aktiengesellschaft increased their price target on MSCI from $423.00 to $459.00 in a research report on Thursday, October 27th. Finally, Raymond James increased their price target on MSCI from $499.00 to $514.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 26th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, MSCI has a consensus rating of “Moderate Buy” and an average price target of $507.11.

MSCI Stock Down 0.2 %

MSCI stock opened at $490.31 on Monday. The business has a fifty day moving average of $445.85 and a two-hundred day moving average of $442.09. The stock has a market cap of $39.20 billion, a price-to-earnings ratio of 47.28 and a beta of 1.10. MSCI Inc. has a 52-week low of $376.41 and a 52-week high of $667.76.

MSCI Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, November 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $5.00 annualized dividend and a yield of 1.02%. MSCI’s dividend payout ratio (DPR) is 48.22%.

About MSCI

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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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