TD Asset Management Inc. Sells 11,886 Shares of MSCI Inc (MSCI)
TD Asset Management Inc. reduced its holdings in MSCI Inc (NYSE:MSCI) by 16.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,038 shares of the technology company’s stock after selling 11,886 shares during the period. TD Asset Management Inc. owned 0.07% of MSCI worth $6,902,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of MSCI. Penserra Capital Management LLC acquired a new stake in MSCI in the 2nd quarter valued at $101,000. Dupont Capital Management Corp bought a new position in shares of MSCI in the 3rd quarter valued at about $105,000. Toronto Dominion Bank grew its position in shares of MSCI by 13.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after acquiring an additional 134 shares during the period. Tocqueville Asset Management L.P. bought a new position in shares of MSCI in the 3rd quarter valued at about $201,000. Finally, Advisor Partners LLC bought a new position in shares of MSCI in the 2nd quarter valued at about $211,000. Hedge funds and other institutional investors own 92.84% of the company’s stock.
Shares of MSCI Inc (MSCI) traded down $1.38 during mid-day trading on Tuesday, hitting $127.57. 597,200 shares of the company traded hands, compared to its average volume of 506,223. The company has a market cap of $11,614.38, a P/E ratio of 35.43, a price-to-earnings-growth ratio of 3.37 and a beta of 0.89. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. MSCI Inc has a 1-year low of $77.75 and a 1-year high of $130.58.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.97 by $0.03. The business had revenue of $322.10 million during the quarter, compared to the consensus estimate of $322.96 million. MSCI had a net margin of 24.97% and a return on equity of 106.15%. MSCI’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 EPS. equities research analysts anticipate that MSCI Inc will post 3.82 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Friday, November 17th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Thursday, November 16th. MSCI’s payout ratio is 45.37%.
A number of brokerages have recently commented on MSCI. UBS lifted their price objective on shares of MSCI from $125.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Cantor Fitzgerald reissued a “buy” rating and issued a $126.00 price objective on shares of MSCI in a research report on Thursday, November 2nd. Morgan Stanley lifted their price objective on shares of MSCI from $97.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Finally, BidaskClub downgraded shares of MSCI from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $127.17.
In related news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $121.26, for a total transaction of $252,584.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.26% of the company’s stock.
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MSCI Company Profile
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used 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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