TCG Advisory Services LLC Buys Shares of 29,003 MSCI Inc. (NYSE:MSCI)

TCG Advisory Services LLC purchased a new stake in MSCI Inc. (NYSE:MSCI) during the 4th quarter, Holdings Channel reports. The firm purchased 29,003 shares of the technology company’s stock, valued at approximately $16,406,000. MSCI accounts for 1.1% of TCG Advisory Services LLC’s portfolio, making the stock its 18th biggest position.

A number of other hedge funds also recently made changes to their positions in the business. Optiver Holding B.V. acquired a new stake in MSCI in the third quarter worth about $26,000. ORG Partners LLC lifted its stake in shares of MSCI by 5,600.0% in the 3rd quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock worth $29,000 after acquiring an additional 56 shares during the period. Headinvest LLC bought a new position in shares of MSCI in the third quarter valued at approximately $30,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of MSCI during the third quarter valued at approximately $51,000. Finally, Quent Capital LLC raised its holdings in MSCI by 23.5% during the fourth quarter. Quent Capital LLC now owns 100 shares of the technology company’s stock worth $57,000 after purchasing an additional 19 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Down 0.1 %

NYSE MSCI traded down $0.66 during trading on Friday, reaching $467.04. 826,479 shares of the company’s stock were exchanged, compared to its average volume of 922,270. MSCI Inc. has a fifty-two week low of $439.95 and a fifty-two week high of $617.39. The firm has a market capitalization of $37.00 billion, a PE ratio of 31.88, a P/E/G ratio of 2.42 and a beta of 1.09. The company’s fifty day simple moving average is $532.35 and its 200-day simple moving average is $536.09.

MSCI (NYSE:MSCI) last announced its quarterly earnings data on Tuesday, April 23rd. The technology company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.08. MSCI had a negative return on equity of 121.86% and a net margin of 44.55%. The firm had revenue of $680.00 million during the quarter, compared to analyst estimates of $685.47 million. During the same period last year, the company posted $3.14 EPS. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities analysts forecast that MSCI Inc. will post 14.66 EPS for the current fiscal year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $1.60 per share. The ex-dividend date is Thursday, May 16th. This represents a $6.40 dividend on an annualized basis and a yield of 1.37%. MSCI’s payout ratio is presently 43.69%.

Insiders Place Their Bets

In other news, COO Cd Baer Pettit purchased 7,500 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was bought at an average cost of $459.41 per share, with a total value of $3,445,575.00. Following the purchase, the chief operating officer now directly owns 291,038 shares of the company’s stock, valued at $133,705,767.58. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Scott A. Crum sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $471.69, for a total transaction of $4,245,210.00. Following the completion of the sale, the insider now directly owns 12,831 shares of the company’s stock, valued at approximately $6,052,254.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Cd Baer Pettit purchased 7,500 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were purchased at an average cost of $459.41 per share, with a total value of $3,445,575.00. Following the completion of the purchase, the chief operating officer now directly owns 291,038 shares in the company, valued at $133,705,767.58. The disclosure for this purchase can be found here. Corporate insiders own 3.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MSCI shares. Redburn Atlantic downgraded MSCI from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $620.00 to $470.00 in a research note on Tuesday, February 20th. Barclays cut their price target on shares of MSCI from $700.00 to $600.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. The Goldman Sachs Group lowered their price objective on shares of MSCI from $615.00 to $526.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 24th. Oppenheimer reissued a “market perform” rating on shares of MSCI in a research note on Wednesday, April 24th. Finally, Wells Fargo & Company lifted their price target on shares of MSCI from $615.00 to $660.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $569.53.

About MSCI

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.