Cibc World Markets Corp Has $7.42 Million Position in MSCI Inc. (NYSE:MSCI)

Cibc World Markets Corp reduced its position in MSCI Inc. (NYSE:MSCI) by 18.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,373 shares of the technology company’s stock after selling 2,866 shares during the quarter. Cibc World Markets Corp’s holdings in MSCI were worth $7,424,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. LRI Investments LLC increased its position in MSCI by 120.0% during the 3rd quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock worth $27,000 after purchasing an additional 24 shares in the last quarter. True Wealth Design LLC bought a new position in shares of MSCI during the third quarter worth about $38,000. Compagnie Lombard Odier SCmA bought a new position in MSCI during the 4th quarter worth approximately $41,000. Private Trust Co. NA raised its stake in MSCI by 35.1% during the third quarter. Private Trust Co. NA now owns 77 shares of the technology company’s stock worth $45,000 after buying an additional 20 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its position in shares of MSCI by 122.7% in the 4th quarter. Y.D. More Investments Ltd now owns 98 shares of the technology company’s stock worth $59,000 after acquiring an additional 54 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of MSCI from $700.00 to $680.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. The Goldman Sachs Group upgraded MSCI from a “neutral” rating to a “buy” rating and raised their target price for the company from $617.00 to $723.00 in a report on Wednesday, December 18th. Wolfe Research raised shares of MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their price objective on MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $675.00 target price on shares of MSCI in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $649.23.

MSCI Trading Up 0.4 %

Shares of NYSE:MSCI opened at $568.48 on Wednesday. The company has a 50 day moving average of $583.54 and a 200 day moving average of $588.95. The stock has a market cap of $44.14 billion, a P/E ratio of 40.43, a P/E/G ratio of 2.61 and a beta of 1.19. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $642.45.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 EPS for the quarter, topping the consensus estimate of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same quarter last year, the business earned $3.68 earnings per share. On average, equities analysts forecast that MSCI Inc. will post 16.86 earnings per share for the current fiscal year.

MSCI Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $1.80 per share. The ex-dividend date of this dividend was Friday, February 14th. This is a positive change from MSCI’s previous quarterly dividend of $1.60. This represents a $7.20 annualized dividend and a dividend yield of 1.27%. MSCI’s dividend payout ratio is 51.21%.

Insider Buying and Selling at MSCI

In related news, CEO Henry A. Fernandez purchased 5,300 shares of MSCI stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of $574.51 per share, for a total transaction of $3,044,903.00. Following the transaction, the chief executive officer now directly owns 1,269,951 shares in the company, valued at $729,599,549.01. The trade was a 0.42 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.

About MSCI

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.