MSCI Inc. (NYSE:MSCI) Stock Holdings Increased by Cibc World Market Inc.

Cibc World Market Inc. boosted its position in MSCI Inc. (NYSE:MSCIGet Rating) by 25.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,293 shares of the technology company’s stock after buying an additional 462 shares during the quarter. Cibc World Market Inc.’s holdings in MSCI were worth $945,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSCI. Sustainable Growth Advisers LP increased its holdings in MSCI by 134.9% in the first quarter. Sustainable Growth Advisers LP now owns 1,325,312 shares of the technology company’s stock valued at $666,473,000 after buying an additional 761,126 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of MSCI by 312.3% during the first quarter. Capital Research Global Investors now owns 852,913 shares of the technology company’s stock valued at $428,913,000 after purchasing an additional 646,050 shares during the last quarter. Durable Capital Partners LP grew its holdings in shares of MSCI by 26.3% during the first quarter. Durable Capital Partners LP now owns 1,208,281 shares of the technology company’s stock valued at $607,620,000 after purchasing an additional 251,686 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of MSCI by 953.4% during the first quarter. Renaissance Technologies LLC now owns 233,021 shares of the technology company’s stock valued at $117,182,000 after purchasing an additional 210,900 shares during the last quarter. Finally, Bristol Gate Capital Partners Inc. bought a new position in shares of MSCI during the first quarter valued at approximately $88,854,000. 89.14% of the stock is owned by institutional investors.

MSCI Stock Down 0.2 %

Shares of NYSE:MSCI opened at $490.31 on Monday. The company’s fifty day moving average is $445.85 and its two-hundred day moving average is $442.09. MSCI Inc. has a 12-month low of $376.41 and a 12-month high of $667.76. The company has a market cap of $39.20 billion, a P/E ratio of 47.28 and a beta of 1.10.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, November 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, November 9th. MSCI’s dividend payout ratio (DPR) is currently 48.22%.

Insider Buying and Selling at MSCI

In other MSCI news, insider Scott A. Crum sold 7,500 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $460.00, for a total transaction of $3,450,000.00. Following the sale, the insider now directly owns 19,908 shares of the company’s stock, valued at approximately $9,157,680. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other MSCI news, CFO Andrew C. Wiechmann sold 1,100 shares of the company’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $453.38, for a total transaction of $498,718.00. Following the completion of the sale, the chief financial officer now directly owns 15,908 shares in the company, valued at $7,212,369.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Scott A. Crum sold 7,500 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $460.00, for a total transaction of $3,450,000.00. Following the sale, the insider now owns 19,908 shares of the company’s stock, valued at $9,157,680. The disclosure for this sale can be found here. Company insiders own 3.02% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MSCI. Raymond James boosted their price objective on MSCI from $499.00 to $514.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 26th. Oppenheimer cut their target price on MSCI to $504.00 in a research report on Wednesday, October 5th. Deutsche Bank Aktiengesellschaft upped their target price on MSCI from $423.00 to $459.00 in a research report on Thursday, October 27th. Atlantic Securities upped their target price on MSCI from $444.00 to $498.00 in a research report on Monday, November 7th. Finally, StockNews.com began coverage on MSCI in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, MSCI currently has a consensus rating of “Moderate Buy” and a consensus target price of $507.11.

About MSCI

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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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