M&T Bank Corp Sells 2,287 Shares of MSCI Inc. (NYSE:MSCI)

M&T Bank Corp lessened its position in MSCI Inc. (NYSE:MSCI - Free Report) by 15.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,697 shares of the technology company's stock after selling 2,287 shares during the period. M&T Bank Corp's holdings in MSCI were worth $7,401,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in MSCI during the 2nd quarter worth approximately $26,000. HWG Holdings LP bought a new stake in MSCI in the 2nd quarter valued at $27,000. LRI Investments LLC boosted its stake in MSCI by 120.0% in the 3rd quarter. LRI Investments LLC now owns 44 shares of the technology company's stock worth $27,000 after purchasing an additional 24 shares during the period. True Wealth Design LLC bought a new position in MSCI during the 3rd quarter worth about $38,000. Finally, Ridgewood Investments LLC acquired a new stake in shares of MSCI in the 2nd quarter valued at about $40,000. 89.97% of the stock is owned by institutional investors.

Insider Transactions at MSCI

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

MSCI Trading Up 1.0 %

NYSE:MSCI traded up $6.29 on Thursday, hitting $635.90. The company's stock had a trading volume of 430,167 shares, compared to its average volume of 535,965. MSCI Inc. has a one year low of $439.95 and a one year high of $642.45. The stock has a fifty day moving average of $598.25 and a two-hundred day moving average of $552.75. The firm has a market capitalization of $49.84 billion, a P/E ratio of 41.73, a price-to-earnings-growth ratio of 3.21 and a beta of 1.10.

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

MSCI Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $1.60 per share. The ex-dividend date was Friday, November 15th. This represents a $6.40 annualized dividend and a yield of 1.01%. MSCI's dividend payout ratio (DPR) is presently 42.02%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on MSCI. Wells Fargo & Company increased their price objective on MSCI from $570.00 to $600.00 and gave the stock an "equal weight" rating in a report on Friday, October 11th. Morgan Stanley raised their price target on shares of MSCI from $662.00 to $695.00 and gave the stock an "overweight" rating in a research note on Thursday. Evercore ISI started coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $690.00 price objective on the stock. Wolfe Research raised shares of MSCI from a "peer perform" rating to an "outperform" rating in a research report on Thursday. Finally, Redburn Atlantic upgraded shares of MSCI from a "neutral" rating to a "buy" rating and set a $680.00 price target on the stock in a research note on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, MSCI has an average rating of "Moderate Buy" and an average target price of $634.58.

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.