Chevy Chase Trust Holdings LLC Has $92.22 Million Stock Position in MSCI Inc. (NYSE:MSCI)

Chevy Chase Trust Holdings LLC lowered its stake in MSCI Inc. (NYSE:MSCI) by 4.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 153,690 shares of the technology company’s stock after selling 6,555 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in MSCI were worth $92,216,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Frank Rimerman Advisors LLC grew its stake in MSCI by 0.9% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 1,968 shares of the technology company’s stock valued at $1,147,000 after buying an additional 17 shares during the last quarter. CWA Asset Management Group LLC grew its position in shares of MSCI by 4.2% during the 4th quarter. CWA Asset Management Group LLC now owns 418 shares of the technology company’s stock worth $251,000 after purchasing an additional 17 shares in the last quarter. Angeles Wealth Management LLC grew its position in shares of MSCI by 3.6% during the 4th quarter. Angeles Wealth Management LLC now owns 492 shares of the technology company’s stock worth $295,000 after purchasing an additional 17 shares in the last quarter. Bleakley Financial Group LLC grew its position in shares of MSCI by 0.9% during the 4th quarter. Bleakley Financial Group LLC now owns 2,044 shares of the technology company’s stock worth $1,227,000 after purchasing an additional 19 shares in the last quarter. Finally, Planning Capital Management Corp grew its position in shares of MSCI by 35.1% during the 3rd quarter. Planning Capital Management Corp now owns 77 shares of the technology company’s stock worth $45,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 89.97% of the company’s stock.

MSCI Price Performance

Shares of NYSE:MSCI opened at $572.02 on Friday. The company has a market cap of $44.83 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 2.67 and a beta of 1.11. The firm has a 50 day simple moving average of $603.18 and a 200 day simple moving average of $586.15. MSCI Inc. has a one year low of $439.95 and a one year high of $642.45.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 EPS for the quarter, beating the consensus estimate of $3.96 by $0.22. MSCI had a net margin of 38.83% and a negative return on equity of 156.08%. During the same period in the prior year, the business posted $3.68 earnings per share. As a group, analysts expect that MSCI Inc. will post 16.86 EPS for the current year.

MSCI Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $1.80 dividend. This is a boost from MSCI’s previous quarterly dividend of $1.60. This represents a $7.20 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, February 14th. MSCI’s dividend payout ratio is 45.52%.

Insider Buying and Selling at MSCI

In other MSCI news, CEO Henry A. Fernandez purchased 2,900 shares of the firm’s stock in a transaction on Thursday, December 5th. The stock was purchased at an average cost of $612.80 per share, for a total transaction of $1,777,120.00. Following the transaction, the chief executive officer now owns 330,379 shares in the company, valued at $202,456,251.20. The trade was a 0.89 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MSCI shares. The Goldman Sachs Group upgraded shares of MSCI from a “neutral” rating to a “buy” rating and increased their target price for the stock from $617.00 to $723.00 in a research report on Wednesday, December 18th. Morgan Stanley increased their target price on shares of MSCI from $662.00 to $695.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. UBS Group decreased their target price on shares of MSCI from $695.00 to $680.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their target price on shares of MSCI from $700.00 to $680.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Wolfe Research upgraded shares of MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $649.23.

MSCI Company 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.