Securian Asset Management Inc Has $1.53 Million Holdings in Msci Inc (NYSE:MSCI)
Securian Asset Management Inc cut its position in Msci Inc (NYSE:MSCI) by 16.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,249 shares of the technology company’s stock after selling 1,843 shares during the quarter. Securian Asset Management Inc’s holdings in Msci were worth $1,530,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Baldwin Brothers Inc. MA grew its holdings in Msci by 2.9% during the 2nd quarter. Baldwin Brothers Inc. MA now owns 12,750 shares of the technology company’s stock worth $2,109,000 after acquiring an additional 365 shares during the last quarter. State Treasurer State of Michigan grew its holdings in Msci by 1.2% during the 1st quarter. State Treasurer State of Michigan now owns 32,800 shares of the technology company’s stock worth $4,903,000 after acquiring an additional 400 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Msci by 5.9% during the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 7,454 shares of the technology company’s stock worth $1,233,000 after acquiring an additional 413 shares during the last quarter. DnB Asset Management AS grew its holdings in Msci by 4.7% during the 2nd quarter. DnB Asset Management AS now owns 11,200 shares of the technology company’s stock worth $1,853,000 after acquiring an additional 500 shares during the last quarter. Finally, Dock Street Asset Management Inc. grew its holdings in Msci by 0.9% during the 2nd quarter. Dock Street Asset Management Inc. now owns 59,992 shares of the technology company’s stock worth $9,924,000 after acquiring an additional 524 shares during the last quarter. Institutional investors own 91.21% of the company’s stock.
A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Msci from $173.00 to $187.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. Barclays reissued a “hold” rating and set a $175.00 target price on shares of Msci in a report on Sunday, August 12th. Wells Fargo & Co boosted their price target on shares of Msci from $170.00 to $190.00 and gave the stock an “outperform” rating in a research report on Monday, June 25th. Cantor Fitzgerald boosted their price target on shares of Msci to $192.00 and gave the stock an “overweight” rating in a research report on Friday, August 3rd. Finally, Northcoast Research restated a “neutral” rating on shares of Msci in a research report on Tuesday, June 26th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $176.38.
Msci (NYSE:MSCI) last released its quarterly earnings data on Thursday, August 2nd. The technology company reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. Msci had a net margin of 27.83% and a return on equity of 114.65%. The firm had revenue of $363.05 million for the quarter, compared to the consensus estimate of $356.01 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The business’s revenue was up 14.9% on a year-over-year basis. sell-side analysts expect that Msci Inc will post 5.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were paid a $0.58 dividend. This is a positive change from Msci’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $2.32 annualized dividend and a dividend yield of 1.27%. Msci’s dividend payout ratio is presently 58.29%.
MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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