CIBC Private Wealth Group LLC Sells 1,554 Shares of MSCI Inc $MSCI

CIBC Private Wealth Group LLC cut its holdings in MSCI Inc (NYSE:MSCI) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 50,810 shares of the technology company’s stock after selling 1,554 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.07% of MSCI worth $28,830,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pinnacle Bancorp Inc. bought a new position in shares of MSCI during the third quarter worth $27,000. Root Financial Partners LLC bought a new stake in shares of MSCI in the 3rd quarter valued at $28,000. Strategic Wealth Investment Group LLC acquired a new stake in MSCI during the 2nd quarter worth $36,000. JPL Wealth Management LLC acquired a new stake in MSCI during the 3rd quarter worth $36,000. Finally, Westside Investment Management Inc. lifted its holdings in MSCI by 100.0% during the third quarter. Westside Investment Management Inc. now owns 68 shares of the technology company’s stock worth $38,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

Insider Transactions at MSCI

In other news, CFO Andrew C. Wiechmann sold 450 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $560.00, for a total transaction of $252,000.00. Following the sale, the chief financial officer directly owned 22,544 shares of the company’s stock, valued at approximately $12,624,640. This represents a 1.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Henry A. Fernandez purchased 6,000 shares of MSCI stock in a transaction that occurred on Friday, February 13th. The shares were purchased at an average price of $524.18 per share, for a total transaction of $3,145,080.00. Following the transaction, the chief executive officer directly owned 1,493,047 shares in the company, valued at $782,625,376.46. This represents a 0.40% increase in their position. The SEC filing for this purchase provides additional information. 3.31% of the stock is currently owned by company insiders.

MSCI Price Performance

Shares of MSCI stock opened at $556.02 on Friday. The company has a fifty day moving average price of $566.59 and a two-hundred day moving average price of $564.46. MSCI Inc has a one year low of $486.73 and a one year high of $626.28. The stock has a market cap of $40.85 billion, a P/E ratio of 35.44, a P/E/G ratio of 2.27 and a beta of 1.29.

MSCI (NYSE:MSCI) last issued its earnings results on Wednesday, January 28th. The technology company reported $4.66 EPS for the quarter, topping the consensus estimate of $4.62 by $0.04. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.The company had revenue of $822.53 million during the quarter, compared to the consensus estimate of $819.51 million. During the same period in the previous year, the company posted $4.18 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities research analysts anticipate that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $2.05 dividend. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. This is a boost from MSCI’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, February 13th. MSCI’s dividend payout ratio is currently 52.26%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MSCI. Raymond James Financial upgraded MSCI from an “outperform” rating to a “strong-buy” rating and set a $710.00 price objective on the stock in a report on Tuesday. Weiss Ratings downgraded shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Barclays reaffirmed an “overweight” rating on shares of MSCI in a research note on Thursday, January 29th. Evercore upped their price target on shares of MSCI from $655.00 to $690.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, UBS Group set a $638.00 price objective on shares of MSCI in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $674.00.

MSCI Company 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.