Hsbc Holdings PLC Takes Position in MSCI Inc $MSCI

Hsbc Holdings PLC bought a new position in MSCI Inc (NYSE:MSCI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 184,399 shares of the technology company’s stock, valued at approximately $103,120,000. Hsbc Holdings PLC owned 0.25% of MSCI at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MSCI. Ancora Advisors LLC purchased a new position in MSCI during the 2nd quarter valued at about $27,000. Harvest Fund Management Co. Ltd purchased a new stake in MSCI in the fourth quarter worth about $30,000. Elyxium Wealth LLC purchased a new stake in MSCI in the fourth quarter worth about $34,000. Compound Global Advisors LLC bought a new position in shares of MSCI during the second quarter valued at approximately $34,000. Finally, SHP Wealth Management bought a new position in shares of MSCI during the fourth quarter valued at approximately $36,000. 89.97% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Rothschild & Co Redburn set a $690.00 price target on MSCI in a research report on Thursday, June 18th. Wells Fargo & Company reduced their price objective on MSCI from $700.00 to $690.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. UBS Group set a $615.00 price objective on MSCI in a research note on Wednesday, July 22nd. Evercore set a $722.00 target price on MSCI in a report on Wednesday, July 22nd. Finally, Barclays increased their price objective on shares of MSCI from $700.00 to $735.00 and gave the company an “overweight” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and eleven have assigned a Buy rating to the company’s stock. According to MarketBeat, MSCI has an average rating of “Buy” and a consensus target price of $709.50.

MSCI Trading Up 0.1%

Shares of MSCI stock opened at $564.39 on Thursday. MSCI Inc has a 12-month low of $501.08 and a 12-month high of $644.77. The stock has a market capitalization of $41.03 billion, a P/E ratio of 30.87, a P/E/G ratio of 2.15 and a beta of 1.23. The firm’s 50 day moving average is $579.99 and its 200 day moving average is $573.07.

MSCI (NYSE:MSCI) last announced its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share 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 analysts’ expectations of $870.71 million. MSCI had a net margin of 40.74% and a negative return on equity of 55.19%. MSCI’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.17 earnings per share. As a group, equities analysts predict that MSCI Inc will post 19.61 earnings per share for the current year.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $2.05 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 dividend on an annualized basis and a yield of 1.5%. MSCI’s dividend payout ratio is currently 44.86%.

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.