Sumitomo Mitsui Trust Group Inc. Boosts Stock Holdings in MSCI Inc $MSCI

Sumitomo Mitsui Trust Group Inc. boosted its position in MSCI Inc (NYSE:MSCI) by 0.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 180,419 shares of the technology company’s stock after purchasing an additional 170 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in MSCI were worth $104,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbelt Securities Inc. raised its stake in MSCI by 15.4% in the 1st quarter. Sunbelt Securities Inc. now owns 142 shares of the technology company’s stock valued at $80,000 after acquiring an additional 19 shares during the period. Quotient Wealth Partners LLC increased its stake in shares of MSCI by 5.9% in the first quarter. Quotient Wealth Partners LLC now owns 361 shares of the technology company’s stock worth $204,000 after purchasing an additional 20 shares in the last quarter. Gries Financial LLC raised its position in shares of MSCI by 1.3% in the second quarter. Gries Financial LLC now owns 1,505 shares of the technology company’s stock valued at $868,000 after purchasing an additional 20 shares during the period. Copperwynd Financial LLC lifted its stake in shares of MSCI by 1.1% during the 2nd quarter. Copperwynd Financial LLC now owns 1,793 shares of the technology company’s stock valued at $1,034,000 after buying an additional 20 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in MSCI by 1.7% in the 1st quarter. Signaturefd LLC now owns 1,261 shares of the technology company’s stock worth $713,000 after buying an additional 21 shares during the period. Institutional investors own 89.97% of the company’s stock.

MSCI Trading Up 0.8%

Shares of NYSE MSCI opened at $542.82 on Friday. The business has a 50-day moving average of $561.09 and a 200-day moving average of $559.32. The firm has a market capitalization of $41.99 billion, a price-to-earnings ratio of 35.95, a PEG ratio of 2.64 and a beta of 1.33. MSCI Inc has a 12 month low of $486.73 and a 12 month high of $642.45.

Analysts Set New Price Targets

A number of brokerages have issued reports on MSCI. Seaport Res Ptn raised shares of MSCI to a “strong-buy” rating in a report on Wednesday, October 1st. JPMorgan Chase & Co. raised their target price on MSCI from $625.00 to $655.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 10th. UBS Group upped their price target on MSCI from $655.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Weiss Ratings lowered shares of MSCI from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Saturday. Finally, Raymond James Financial raised shares of MSCI from a “market perform” rating to an “outperform” rating and set a $650.00 price objective for the company in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, MSCI presently has an average rating of “Moderate Buy” and a consensus target price of $647.70.

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.