Freestone Grove Partners LP Acquires New Holdings in MSCI Inc $MSCI

Freestone Grove Partners LP bought a new position in shares of MSCI Inc (NYSE:MSCI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 50,543 shares of the technology company’s stock, valued at approximately $28,306,000. Freestone Grove Partners LP owned 0.07% of MSCI at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new stake in MSCI during the second quarter valued at $3,062,626,000. State Street Corp increased its stake in MSCI by 1.2% in the 3rd quarter. State Street Corp now owns 3,320,761 shares of the technology company’s stock worth $1,884,233,000 after acquiring an additional 39,450 shares during the last quarter. Bamco Inc. NY raised its holdings in shares of MSCI by 15.1% in the 4th quarter. Bamco Inc. NY now owns 2,755,747 shares of the technology company’s stock valued at $1,581,055,000 after acquiring an additional 361,630 shares in the last quarter. Morgan Stanley raised its holdings in shares of MSCI by 2.2% in the 4th quarter. Morgan Stanley now owns 2,467,556 shares of the technology company’s stock valued at $1,415,713,000 after acquiring an additional 52,242 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of MSCI by 13.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,291 shares of the technology company’s stock valued at $829,781,000 after acquiring an additional 168,405 shares during the last quarter. 89.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSCI has been the subject of several recent analyst reports. UBS Group set a $615.00 price objective on MSCI in a report on Wednesday, July 22nd. Raymond James Financial raised their target price on shares of MSCI from $730.00 to $760.00 and gave the company a “strong-buy” rating in a research note on Wednesday, July 8th. Jefferies Financial Group began coverage on shares of MSCI in a research report on Friday, July 17th. They set a “buy” rating and a $760.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of MSCI from $700.00 to $742.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, Rothschild & Co Redburn set a $690.00 price objective on shares of MSCI in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $709.50.

MSCI Trading Up 0.8%

Shares of MSCI stock opened at $568.57 on Friday. The firm has a market capitalization of $41.34 billion, a PE ratio of 31.10, a price-to-earnings-growth ratio of 2.15 and a beta of 1.23. The business’s 50-day moving average price is $579.73 and its 200-day moving average price is $573.15. MSCI Inc has a 12 month low of $501.08 and a 12 month high of $644.77.

MSCI (NYSE:MSCI) last released its earnings results on Tuesday, July 21st. The technology company reported $4.94 earnings per share for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). The firm had revenue of $867.00 million during the quarter, compared to the consensus estimate of $870.71 million. MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.17 EPS. As a group, analysts predict that MSCI Inc will post 19.61 earnings per share for the current fiscal year.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $2.05 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $8.20 annualized dividend and a dividend yield of 1.4%. MSCI’s dividend payout ratio (DPR) is 44.86%.

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.