Apollon Wealth Management LLC Sells 90 Shares of MSCI Inc. (NYSE:MSCI)

Apollon Wealth Management LLC trimmed its holdings in shares of MSCI Inc. (NYSE:MSCI) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,453 shares of the technology company’s stock after selling 90 shares during the period. Apollon Wealth Management LLC’s holdings in MSCI were worth $2,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Atomi Financial Group Inc. acquired a new stake in MSCI in the first quarter valued at approximately $215,000. US Bancorp DE lifted its holdings in shares of MSCI by 6.5% during the 1st quarter. US Bancorp DE now owns 5,570 shares of the technology company’s stock valued at $3,123,000 after purchasing an additional 341 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of MSCI by 3.7% in the 1st quarter. Bleakley Financial Group LLC now owns 2,427 shares of the technology company’s stock worth $1,360,000 after purchasing an additional 87 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in MSCI by 313.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 30,456 shares of the technology company’s stock worth $17,069,000 after buying an additional 23,097 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its position in MSCI by 19.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 91,363 shares of the technology company’s stock valued at $51,204,000 after buying an additional 15,094 shares in the last quarter. Hedge funds and other institutional investors own 89.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSCI. The Goldman Sachs Group upped their price target on shares of MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Argus raised their price objective on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 target price on shares of MSCI in a research report on Wednesday, October 30th. Morgan Stanley increased their price target on MSCI from $640.00 to $662.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company lifted their target price on shares of MSCI from $570.00 to $600.00 and gave the company an “equal weight” rating in a report on Friday, October 11th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $631.83.

MSCI Price Performance

NYSE:MSCI opened at $610.53 on Thursday. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70. The business’s 50-day moving average is $581.48 and its two-hundred day moving average is $535.52. The firm has a market capitalization of $47.85 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 3.13 and a beta of 1.11.

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

MSCI Dividend Announcement

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

About MSCI

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.