AE Wealth Management LLC Trims Holdings in MSCI Inc. (NYSE:MSCI)



AE Wealth Management LLC cut its stake in MSCI Inc. (NYSE:MSCI – Get Rating) by 1.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 9,723 shares of the technology company’s stock after selling 143 shares during the quarter. AE Wealth Management LLC’s holdings in MSCI were worth $4,890,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Equitec Proprietary Markets LLC purchased a new position in shares of MSCI in the fourth quarter valued at $26,000. AdvisorNet Financial Inc grew its position in MSCI by 113.0% during the fourth quarter. AdvisorNet Financial Inc now owns 49 shares of the technology company’s stock worth $30,000 after buying an additional 26 shares in the last quarter. Glassman Wealth Services grew its position in MSCI by 50.0% during the fourth quarter. Glassman Wealth Services now owns 60 shares of the technology company’s stock worth $37,000 after buying an additional 20 shares in the last quarter. Carolinas Wealth Consulting LLC grew her position in MSCI by 56.5% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 72 shares of the technology company’s stock worth $44,000 after buying an additional 26 shares in the last quarter. Finally, Mascoma Wealth Management LLC purchased a new position in MSCI during the fourth quarter worth about $47,000. Institutional investors own 90.76% of the company’s stock.

NYSE MSCI opened at $417.72 on Friday. MSCI Inc. has a 1-year low of $376.41 and a 1-year high of $679.85. The stock has a 50-day moving average of $416.77 and a 200-day moving average of $488.31. The firm has a market cap of $33.95 billion, a PE ratio of 45.80 and a beta of 1.07.

MSCI (NYSE:MSCI – Get Rating) last released its earnings results on Tuesday, April 26th. The technology company reported $2.98 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.24. MSCI had a negative return on equity of 205.88% and a net margin of 35.65%. The company had revenue of $559.90 million during the quarter, compared to analyst estimates of $563.18 million. During the same quarter in the previous year, the company posted $2.46 EPS. MSCI’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that MSCI Inc. will post 11.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Friday, May 13th were paid a $1.04 dividend. This represents a $4.16 dividend on an annual basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, May 12th. MSCI’s dividend payout ratio (DPR) is presently 45.61%.

Several equities analysts recently commented on MSCI shares. Redburn Partners started coverage on MSCI in a research report on Tuesday, May 17th. They set a “buy” rating for the company. Barclays reduced their target price on MSCI from $570.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, June 24th. The Goldman Sachs Group began coverage on MSCI in a research report on Friday, April 1st. They set a “neutral” rating and a $553.00 target price for the company. Royal Bank of Canada cut their objective price on MSCI from $600.00 to $520.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft cut their objective price on MSCI from $533.00 to $477.00 in a report on Wednesday, April 27th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $532.86.

MSCI Company Profile (Get Rating)

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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