MSCI Inc. (NYSE:MSCI) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in MSCI Inc. (NYSE:MSCI - Free Report) by 4.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 536,211 shares of the technology company's stock after purchasing an additional 23,050 shares during the quarter. JPMorgan Chase & Co. owned about 0.68% of MSCI worth $312,574,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new position in MSCI during the 2nd quarter valued at $65,000. Rothschild Investment LLC purchased a new position in MSCI in the 2nd quarter worth about $26,000. Concurrent Investment Advisors LLC lifted its holdings in MSCI by 5.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 423 shares of the technology company's stock valued at $204,000 after buying an additional 20 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in MSCI by 14.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 12,071 shares of the technology company's stock valued at $5,816,000 after buying an additional 1,497 shares during the period. Finally, Graypoint LLC grew its stake in MSCI by 151.2% in the 2nd quarter. Graypoint LLC now owns 1,045 shares of the technology company's stock worth $503,000 after acquiring an additional 629 shares in the last quarter. Institutional investors own 89.97% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MSCI shares. Wolfe Research raised shares of MSCI from a "peer perform" rating to an "outperform" rating in a research note on Thursday, December 12th. Wells Fargo & Company increased their price objective on shares of MSCI from $570.00 to $600.00 and gave the company an "equal weight" rating in a research note on Friday, October 11th. The Goldman Sachs Group upgraded MSCI from a "neutral" rating to a "buy" rating and upped their target price for the stock from $617.00 to $723.00 in a report on Wednesday, December 18th. Morgan Stanley lifted their price target on MSCI from $662.00 to $695.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Finally, Barclays upped their price objective on MSCI from $650.00 to $700.00 and gave the stock an "overweight" rating in a research note on Friday, September 13th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $645.67.

MSCI Stock Down 1.6 %

Shares of MSCI stock traded down $9.94 during midday trading on Monday, hitting $599.65. The company had a trading volume of 358,303 shares, compared to its average volume of 531,520. The company has a fifty day simple moving average of $600.65 and a 200 day simple moving average of $564.14. The stock has a market cap of $47.00 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 3.21 and a beta of 1.10. MSCI Inc. has a 12-month low of $439.95 and a 12-month high of $642.45.

MSCI (NYSE:MSCI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $3.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.77 by $0.09. The business had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. MSCI's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.45 EPS. As a group, analysts expect that MSCI Inc. will post 14.98 EPS for the current year.

MSCI Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date was Friday, November 15th. MSCI's dividend payout ratio (DPR) is 42.02%.

Insider Activity

In other news, CEO Henry A. Fernandez bought 2,900 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $612.80 per share, with a total value of $1,777,120.00. Following the acquisition, the chief executive officer now directly owns 330,379 shares in the company, valued at $202,456,251.20. This trade represents a 0.89 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.20% of the company's stock.

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.