Janus Henderson Group PLC decreased its position in Msci Inc (NYSE:MSCI) by 15.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,835,654 shares of the technology company’s stock after selling 335,257 shares during the period. Janus Henderson Group PLC’s holdings in Msci were worth $438,335,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FTB Advisors Inc. grew its position in shares of Msci by 37.5% in the first quarter. FTB Advisors Inc. now owns 422 shares of the technology company’s stock valued at $84,000 after purchasing an additional 115 shares during the period. Parallel Advisors LLC boosted its position in Msci by 78.5% during the first quarter. Parallel Advisors LLC now owns 441 shares of the technology company’s stock worth $88,000 after acquiring an additional 194 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Msci by 40.6% during the first quarter. Rockefeller Capital Management L.P. now owns 509 shares of the technology company’s stock worth $102,000 after acquiring an additional 147 shares during the last quarter. Financial Gravity Wealth Inc. acquired a new position in Msci in the 1st quarter valued at about $103,000. Finally, Valeo Financial Advisors LLC boosted its holdings in Msci by 12.3% in the 1st quarter. Valeo Financial Advisors LLC now owns 531 shares of the technology company’s stock valued at $106,000 after purchasing an additional 58 shares during the last quarter. 92.13% of the stock is owned by institutional investors.
Shares of Msci stock traded up $4.75 during trading hours on Tuesday, hitting $224.71. The company had a trading volume of 93,206 shares, compared to its average volume of 567,105. The company’s 50-day moving average price is $234.46. Msci Inc has a twelve month low of $134.28 and a twelve month high of $247.57. The firm has a market cap of $18.98 billion, a P/E ratio of 42.00, a P/E/G ratio of 3.55 and a beta of 1.12.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be issued a $0.68 dividend. This is a boost from Msci’s previous quarterly dividend of $0.58. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.21%. Msci’s dividend payout ratio is presently 43.36%.
MSCI has been the topic of several recent analyst reports. TheStreet lowered shares of Msci from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Morgan Stanley boosted their target price on shares of Msci from $223.00 to $240.00 and gave the company an “equal weight” rating in a report on Friday, July 19th. Cantor Fitzgerald boosted their target price on shares of Msci from $188.00 to $247.00 in a report on Friday, May 3rd. Barclays reiterated a “buy” rating and issued a $240.00 target price on shares of Msci in a report on Sunday, May 5th. Finally, UBS Group downgraded shares of Msci from a “buy” rating to a “neutral” rating and boosted their price target for the company from $234.00 to $258.00 in a research note on Monday, July 8th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $217.63.
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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