M&T Bank Corp Sells 154 Shares of MSCI Inc. (NYSE:MSCI)

M&T Bank Corp lessened its stake in shares of MSCI Inc. (NYSE:MSCI – Get Rating) by 0.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,380 shares of the technology company’s stock after selling 154 shares during the period. M&T Bank Corp’s holdings in MSCI were worth $11,125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new position in MSCI during the 2nd quarter valued at approximately $31,000. Parkside Financial Bank & Trust increased its position in MSCI by 57.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 77 shares of the technology company’s stock valued at $32,000 after buying an additional 28 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its stake in MSCI by 37.5% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 99 shares of the technology company’s stock valued at $50,000 after purchasing an additional 27 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its stake in MSCI by 41.1% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 103 shares of the technology company’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Finally, Guardian Wealth Advisors LLC purchased a new stake in MSCI during the 3rd quarter valued at $48,000. Institutional investors own 88.18% of the company’s stock.

MSCI Stock Performance

NYSE MSCI opened at $536.77 on Thursday. The company has a market capitalization of $42.92 billion, a PE ratio of 50.07 and a beta of 1.13. The business’s fifty day moving average is $527.03 and its 200 day moving average is $484.71. MSCI Inc. has a fifty-two week low of $376.41 and a fifty-two week high of $572.50.

MSCI (NYSE:MSCI – Get Rating) last released its earnings results on Tuesday, January 31st. The technology company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.13. The company had revenue of $576.20 million for the quarter, compared to the consensus estimate of $568.53 million. MSCI had a negative return on equity of 93.24% and a net margin of 38.72%. MSCI’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.51 earnings per share. On average, sell-side analysts forecast that MSCI Inc. will post 12.8 EPS for the current year.

MSCI Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Friday, February 17th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Thursday, February 16th. This is a boost from MSCI’s previous quarterly dividend of $1.25. This represents a $5.52 dividend on an annualized basis and a yield of 1.03%. MSCI’s dividend payout ratio (DPR) is currently 51.49%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Morgan Stanley increased their target price on MSCI from $518.00 to $543.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 1st. Royal Bank of Canada increased their target price on MSCI from $520.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Oppenheimer increased their target price on MSCI from $510.00 to $575.00 and gave the company an “outperform” rating in a research note on Wednesday, February 1st. Barclays raised their price target on MSCI from $470.00 to $600.00 and gave the stock an “overweight” rating in a research note on Friday, December 2nd. Finally, JPMorgan Chase & Co. raised their price target on MSCI from $580.00 to $585.00 and gave the stock an “overweight” rating in a research note on Thursday, February 2nd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $558.10.

Insider Buying and Selling at MSCI

In other MSCI news, insider Jennifer H. Mak sold 900 shares of the firm’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $559.89, for a total transaction of $503,901.00. Following the sale, the insider now directly owns 6,843 shares of the company’s stock, valued at $3,831,327.27. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 3.02% of the company’s stock.

About MSCI

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MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. It operates through the following segments: Index, Analytics, ESG and Climate, and All Other-Private Assets. The Index segment focuses on the investment process, including developing indexed financial products.