CIBC Private Wealth Group LLC Has $28.83 Million Stock Holdings in MSCI Inc $MSCI

CIBC Private Wealth Group LLC decreased its position in shares of MSCI Inc (NYSE:MSCI) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,810 shares of the technology company’s stock after selling 1,554 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in MSCI were worth $28,830,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CIBC Bancorp USA Inc. bought a new position in shares of MSCI during the 3rd quarter worth about $6,057,000. WBI Investments LLC purchased a new position in shares of MSCI during the third quarter valued at approximately $301,000. Centaurus Financial Inc. grew its stake in shares of MSCI by 11.7% in the 3rd quarter. Centaurus Financial Inc. now owns 1,034 shares of the technology company’s stock worth $587,000 after acquiring an additional 108 shares in the last quarter. Caerus Investment Advisors LLC bought a new stake in MSCI in the 3rd quarter worth about $336,000. Finally, Sunbelt Securities Inc. grew its holdings in shares of MSCI by 50.4% in the third quarter. Sunbelt Securities Inc. now owns 185 shares of the technology company’s stock valued at $105,000 after acquiring an additional 62 shares in the last quarter. 89.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MSCI has been the subject of several research reports. Evercore increased their price target on shares of MSCI from $655.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Wells Fargo & Company boosted their price objective on MSCI from $590.00 to $618.00 and gave the company an “equal weight” rating in a research note on Thursday, January 29th. Weiss Ratings lowered shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $655.00 price target on shares of MSCI in a report on Thursday, January 29th. Finally, Bank of America started coverage on shares of MSCI in a report on Tuesday, February 17th. They set a “buy” rating and a $700.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $674.00.

MSCI Stock Down 0.1%

Shares of MSCI opened at $556.02 on Friday. The stock has a market capitalization of $40.85 billion, a P/E ratio of 35.44, a PEG ratio of 2.27 and a beta of 1.29. MSCI Inc has a twelve month low of $486.73 and a twelve month high of $626.28. The firm has a fifty day simple moving average of $566.59 and a two-hundred day simple moving average of $564.46.

MSCI (NYSE:MSCI) last posted its earnings results on Wednesday, January 28th. The technology company reported $4.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.62 by $0.04. MSCI had a negative return on equity of 82.59% and a net margin of 38.36%.The firm had revenue of $822.53 million for the quarter, compared to analysts’ expectations of $819.51 million. During the same period in the previous year, the firm earned $4.18 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. Sell-side analysts expect that MSCI Inc will post 16.86 EPS for the current fiscal year.

MSCI Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.5%. This is a boost from MSCI’s previous quarterly dividend of $1.80. The ex-dividend date was Friday, February 13th. MSCI’s dividend payout ratio (DPR) is 52.26%.

Insider Activity

In other news, CFO Andrew C. Wiechmann sold 450 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $560.00, for a total transaction of $252,000.00. Following the sale, the chief financial officer owned 22,544 shares in the company, valued at approximately $12,624,640. The trade was a 1.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Henry A. Fernandez purchased 800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was acquired at an average price of $518.95 per share, with a total value of $415,160.00. Following the completion of the purchase, the chief executive officer owned 1,493,847 shares in the company, valued at $775,231,900.65. This represents a 0.05% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 3.31% of the company’s stock.

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.