CreativeOne Wealth LLC Grows Position in MSCI Inc. (NYSE:MSCI)

CreativeOne Wealth LLC increased its holdings in shares of MSCI Inc. (NYSE:MSCI) by 10.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,078 shares of the technology company’s stock after purchasing an additional 397 shares during the quarter. CreativeOne Wealth LLC’s holdings in MSCI were worth $2,377,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Edgewood Management LLC increased its position in shares of MSCI by 16.9% during the third quarter. Edgewood Management LLC now owns 2,195,639 shares of the technology company’s stock valued at $1,279,904,000 after acquiring an additional 318,214 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of MSCI by 14.3% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,587,723 shares of the technology company’s stock worth $925,531,000 after purchasing an additional 198,666 shares during the period. Principal Financial Group Inc. increased its holdings in MSCI by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock valued at $870,627,000 after purchasing an additional 37,340 shares during the last quarter. American Century Companies Inc. raised its position in MSCI by 1.3% in the second quarter. American Century Companies Inc. now owns 1,047,960 shares of the technology company’s stock valued at $504,855,000 after purchasing an additional 13,620 shares during the period. Finally, PineStone Asset Management Inc. lifted its stake in MSCI by 129.4% during the second quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock worth $352,153,000 after purchasing an additional 412,389 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Trading Up 0.5 %

MSCI stock opened at $605.16 on Thursday. The stock has a market cap of $47.43 billion, a P/E ratio of 39.73, a price-to-earnings-growth ratio of 3.08 and a beta of 1.11. The company has a fifty day simple moving average of $588.89 and a 200-day simple moving average of $544.51. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $631.70.

MSCI (NYSE:MSCI) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.09. MSCI had a negative return on equity of 162.06% and a net margin of 43.06%. The business had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. During the same period in the prior year, the firm posted $3.45 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current fiscal year.

MSCI Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.60 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a yield of 1.06%. MSCI’s payout ratio is currently 42.02%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MSCI shares. Barclays lifted their price objective on MSCI from $650.00 to $700.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. UBS Group dropped their target price on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $638.00 price target on shares of MSCI in a research report on Wednesday, October 30th. Evercore ISI assumed coverage on shares of MSCI in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price objective for the company. Finally, Morgan Stanley upped their target price on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, MSCI currently has an average rating of “Moderate Buy” and a consensus price target of $631.83.

MSCI Profile

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.