MSCI Inc. (NYSE:MSCI) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in MSCI Inc. (NYSE:MSCI) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,456 shares of the technology company’s stock after acquiring an additional 496 shares during the quarter. MSCI comprises about 1.3% of Tokio Marine Asset Management Co. Ltd.’s investment portfolio, making the stock its 13th biggest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in MSCI were worth $28,829,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in shares of MSCI by 74.9% in the second quarter. Principal Financial Group Inc. now owns 1,456,194 shares of the technology company’s stock worth $701,522,000 after buying an additional 623,712 shares during the period. PineStone Asset Management Inc. grew its position in MSCI by 129.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 730,986 shares of the technology company’s stock worth $352,153,000 after purchasing an additional 412,389 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in MSCI during the 2nd quarter valued at $91,748,000. Swedbank AB acquired a new stake in shares of MSCI in the first quarter worth $75,957,000. Finally, Assenagon Asset Management S.A. grew its holdings in shares of MSCI by 358.3% during the third quarter. Assenagon Asset Management S.A. now owns 133,636 shares of the technology company’s stock valued at $77,900,000 after buying an additional 104,474 shares in the last quarter. Institutional investors own 89.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a research note on Wednesday, October 30th. Redburn Atlantic raised shares of MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price objective on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company increased their target price on shares of MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a research report on Friday, October 11th. The Goldman Sachs Group boosted their price target on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Morgan Stanley upped their price target on shares of MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $631.83.

MSCI Price Performance

Shares of MSCI stock traded up $1.42 during trading on Thursday, reaching $611.95. The company had a trading volume of 14,300 shares, compared to its average volume of 540,954. The company has a market capitalization of $47.96 billion, a PE ratio of 40.09, a PEG ratio of 3.13 and a beta of 1.11. The firm’s 50 day simple moving average is $582.23 and its two-hundred day simple moving average is $536.05. MSCI Inc. has a one year low of $439.95 and a one year high of $631.70.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $3.77 by $0.09. MSCI had a net margin of 43.06% and a negative return on equity of 162.06%. The business had revenue of $724.70 million during the quarter, compared to analysts’ expectations of $716.15 million. During the same period in the previous year, the company earned $3.45 earnings per share. MSCI’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts forecast that MSCI Inc. will post 14.98 earnings per share for the current year.

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $1.60 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.05%. MSCI’s payout ratio is presently 42.02%.

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.