Palumbo Wealth Management LLC Grows Stake in MSCI Inc. (NYSE:MSCI)

Palumbo Wealth Management LLC grew its holdings in shares of MSCI Inc. (NYSE:MSCI) by 14.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,462 shares of the technology company’s stock after buying an additional 442 shares during the period. Palumbo Wealth Management LLC’s holdings in MSCI were worth $2,077,000 as of its most recent SEC filing.

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

MSCI Stock Performance

NYSE MSCI opened at $572.78 on Friday. MSCI Inc. has a one year low of $439.95 and a one year high of $642.45. The stock has a 50-day moving average of $601.53 and a 200 day moving average of $586.26. The company has a market capitalization of $44.89 billion, a price-to-earnings ratio of 40.74, a PEG ratio of 2.67 and a beta of 1.11.

MSCI (NYSE:MSCI) last issued its quarterly earnings data on Wednesday, January 29th. The technology company reported $4.18 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business earned $3.68 EPS. On average, equities analysts predict that MSCI Inc. will post 16.86 earnings per share for the current fiscal year.

MSCI Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $1.80 dividend. This is an increase from MSCI’s previous quarterly dividend of $1.60. The ex-dividend date of this dividend is Friday, February 14th. This represents a $7.20 dividend on an annualized basis and a yield of 1.26%. MSCI’s dividend payout ratio is currently 45.52%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSCI. Royal Bank of Canada reiterated an “outperform” rating and issued a $675.00 price objective on shares of MSCI in a report on Thursday, January 30th. Barclays dropped their price objective on shares of MSCI from $700.00 to $675.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Wolfe Research raised shares of MSCI from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of MSCI from $700.00 to $680.00 and set an “overweight” rating for the company in a report on Thursday, January 30th. Finally, Morgan Stanley raised their price objective on MSCI from $662.00 to $695.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $649.23.

Insiders Place Their Bets

In other MSCI news, CEO Henry A. Fernandez acquired 2,900 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was purchased at an average price of $612.80 per share, with a total value of $1,777,120.00. Following the transaction, the chief executive officer now directly owns 330,379 shares in the company, valued at approximately $202,456,251.20. The trade was a 0.89 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.20% of the company’s stock.

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.