SeaCrest Wealth Management LLC Buys New Shares in MSCI Inc. (NYSE:MSCI)

SeaCrest Wealth Management LLC bought a new stake in MSCI Inc. (NYSE:MSCIGet Rating) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 76 shares of the technology company’s stock, valued at approximately $31,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MSCI. Sustainable Growth Advisers LP increased its position in shares of 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 acquiring an additional 761,126 shares during the last quarter. Capital Research Global Investors increased its position in shares of MSCI by 312.3% in the first quarter. Capital Research Global Investors now owns 852,913 shares of the technology company’s stock valued at $428,913,000 after acquiring an additional 646,050 shares during the last quarter. Durable Capital Partners LP increased its position in shares of MSCI by 26.3% in 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 acquiring an additional 251,686 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of MSCI by 953.4% in the first quarter. Renaissance Technologies LLC now owns 233,021 shares of the technology company’s stock valued at $117,182,000 after acquiring an additional 210,900 shares during the last quarter. Finally, Bristol Gate Capital Partners Inc. acquired a new stake in shares of MSCI in the first quarter valued at about $88,854,000. Institutional investors and hedge funds own 89.14% of the company’s stock.

MSCI Trading Up 1.9 %

MSCI stock opened at $502.67 on Wednesday. MSCI Inc. has a 12 month low of $376.41 and a 12 month high of $649.89. The stock’s 50 day moving average is $446.40 and its 200-day moving average is $443.32. The company has a market capitalization of $40.19 billion, a price-to-earnings ratio of 48.47 and a beta of 1.10.

MSCI Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, November 10th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, November 9th. MSCI’s payout ratio is 48.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Atlantic Securities lifted their target price on MSCI from $444.00 to $498.00 in a research report on Monday, November 7th. StockNews.com began coverage on MSCI in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Morgan Stanley lowered their price target on MSCI from $505.00 to $500.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 26th. Raymond James boosted their price target on MSCI from $499.00 to $514.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on MSCI from $423.00 to $459.00 in a research report on Thursday, October 27th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $507.11.

Insider Activity

In other news, insider Scott A. Crum sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $460.00, for a total value of $3,450,000.00. Following the transaction, the insider now owns 19,908 shares of the company’s stock, valued at $9,157,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Andrew C. Wiechmann sold 1,100 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $453.38, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott A. Crum sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The shares were sold at an average price of $460.00, for a total value of $3,450,000.00. Following the completion of 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. 3.02% of the stock is owned by company insiders.

MSCI Company Profile

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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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