Oxbow Advisors LLC Makes New Investment in MSCI Inc $MSCI

Oxbow Advisors LLC acquired a new position in MSCI Inc (NYSE:MSCI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,531 shares of the technology company’s stock, valued at approximately $6,458,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of MSCI during the 2nd quarter valued at about $3,062,626,000. Norges Bank acquired a new stake in MSCI during the fourth quarter worth approximately $528,560,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in MSCI in the second quarter worth approximately $480,613,000. Bank of New York Mellon Corp bought a new stake in MSCI in the second quarter worth approximately $234,905,000. Finally, Deutsche Bank AG acquired a new position in MSCI in the second quarter valued at approximately $207,946,000. 89.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their price target on MSCI from $700.00 to $690.00 and set an “overweight” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings downgraded shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. JPMorgan Chase & Co. increased their target price on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Evercore set a $722.00 price target on shares of MSCI in a report on Wednesday, July 22nd. Finally, Raymond James Financial lifted their price target on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company. According to MarketBeat, MSCI currently has a consensus rating of “Buy” and a consensus price target of $709.50.

MSCI Price Performance

MSCI opened at $562.75 on Wednesday. MSCI Inc has a fifty-two week low of $501.08 and a fifty-two week high of $644.77. The firm has a market capitalization of $40.91 billion, a PE ratio of 30.79, a P/E/G ratio of 2.17 and a beta of 1.23. The company’s 50-day moving average is $584.43 and its 200 day moving average is $574.20.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The company had revenue of $867.00 million for the quarter, compared to analyst estimates of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. MSCI’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.17 EPS. As a group, analysts expect that MSCI Inc will post 19.61 EPS for the current year.

MSCI Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.5%. MSCI’s payout ratio is presently 44.86%.

MSCI 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.