CIBC Asset Management Inc reduced its holdings in Msci Inc (NYSE:MSCI) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 25,598 shares of the technology company’s stock after selling 185 shares during the quarter. CIBC Asset Management Inc’s holdings in Msci were worth $3,774,000 as of its Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its position in shares of Msci by 252.9% during the 4th quarter. CWM LLC now owns 247 shares of the technology company’s stock valued at $36,000 after purchasing an additional 177 shares during the period. Prime Capital Investment Advisors LLC acquired a new position in shares of Msci during the 4th quarter valued at $38,000. Valeo Financial Advisors LLC increased its position in shares of Msci by 865.3% during the 4th quarter. Valeo Financial Advisors LLC now owns 473 shares of the technology company’s stock valued at $70,000 after purchasing an additional 424 shares during the period. We Are One Seven LLC acquired a new position in shares of Msci during the 4th quarter valued at $76,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Msci during the 4th quarter valued at $92,000. Hedge funds and other institutional investors own 90.18% of the company’s stock.
Get Msci alerts: Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Msci from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. BMO Capital Markets set a $190.00 price objective on Msci and gave the stock a “buy” rating in a research note on Saturday, February 2nd. UBS Group reissued a “buy” rating and set a $196.00 price objective (up from $159.00) on shares of Msci in a research note on Friday, February 1st. Barclays raised Msci from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $165.00 to $175.00 in a research note on Friday, December 7th. Finally, Morgan Stanley reduced their price objective on Msci from $172.00 to $159.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. an average target price of $185.00.
MSCI opened at $182.44 on Friday. The firm has a market cap of $16.06 billion, a PE ratio of 34.10, a P/E/G ratio of 2.96 and a beta of 1.11. The company has a debt-to-equity ratio of 6.80, a current ratio of 2.75 and a quick ratio of 2.75. Msci Inc has a fifty-two week low of $134.28 and a fifty-two week high of $193.94.
Msci (NYSE:MSCI) last issued its earnings results on Thursday, January 31st. The technology company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The business had revenue of $361.69 million during the quarter, compared to analysts’ expectations of $360.95 million. Msci had a return on equity of 125.73% and a net margin of 35.42%. Equities research analysts forecast that Msci Inc will post 6.01 earnings per share for the current fiscal year.
The firm also recently announced a quarterly 15th. Stockholders of record on Friday, February 22nd will be given a $0.58 dividend. The ex-dividend date is Thursday, February 21st. This represents a $2.32 annualized dividend and a dividend yield of 1.27%. Msci’s dividend payout ratio (DPR) is presently 43.36%.
In other news, insider Scott A. Crum sold 19,000 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $175.14, for a total value of $3,327,660.00. Following the completion of the sale, the insider now owns 96,999 shares of the company’s stock, valued at $16,988,404.86. SEC, which is accessible through this link . Company insiders own 2.36% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “CIBC Asset Management Inc Has $3.77 Million Position in Msci Inc (MSCI)” was originally reported by Stock Observer and is owned by of Stock Observer. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.thestockobserver.com/2019/03/09/cibc-asset-management-inc-has-3-77-million-position-in-msci-inc-msci.html. About Msci
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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