Russell Investments Group Ltd. bought a new position in MSCI Inc (NYSE:MSCI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 584,123 shares of the company’s stock, valued at approximately $45,885,000. Russell Investments Group Ltd. owned approximately 0.62% of MSCI at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of MSCI. Fuller & Thaler Asset Management Inc. boosted its stake in shares of MSCI by 392.2% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 1,255 shares of the company’s stock valued at $105,000 after buying an additional 1,000 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of MSCI by 16,566.7% in the second quarter. Fifth Third Bancorp now owns 2,000 shares of the company’s stock valued at $154,000 after buying an additional 1,988 shares during the last quarter. Copper Rock Capital Partners LLC bought a new stake in shares of MSCI during the third quarter valued at $199,000. Gideon Capital Advisors Inc. bought a new stake in shares of MSCI during the second quarter valued at $213,000. Finally, CIBC World Markets Inc. bought a new stake in shares of MSCI during the third quarter valued at $222,000. Institutional investors own 94.33% of the company’s stock.
Shares of MSCI Inc (NYSE:MSCI) traded down 0.75% on Friday, reaching $82.88. The company had a trading volume of 134,654 shares. The company’s 50 day moving average price is $80.82 and its 200-day moving average price is $82.86. MSCI Inc has a 1-year low of $62.17 and a 1-year high of $90.79. The stock has a market capitalization of $7.80 billion, a P/E ratio of 32.58 and a beta of 0.97.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research note on Tuesday, November 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a $94.00 target price on shares of MSCI in a research note on Wednesday, December 7th. Finally, Evercore ISI reaffirmed a “sell” rating on shares of MSCI in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $82.17.
In related news, COO Cd Baer Pettit sold 2,083 shares of the business’s stock in a transaction on Monday, January 9th. The shares were sold at an average price of $83.12, for a total value of $173,138.96. Following the completion of the sale, the chief operating officer now directly owns 194,256 shares of the company’s stock, valued at $16,146,558.72. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Patrick Tierney sold 3,500 shares of the business’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $80.39, for a total transaction of $281,365.00. Following the completion of the sale, the director now directly owns 13,242 shares of the company’s stock, valued at $1,064,524.38. The disclosure for this sale can be found here. Insiders sold a total of 9,753 shares of company stock valued at $788,752 in the last quarter. 2.07% of the stock is owned by insiders.
MSCI Inc (MSCI), together with its subsidiaries, offers content, applications and services to support the needs of institutional investors throughout their investment processes. The Company’s operating segment includes Index, Analytics and All Other segment. All Other segment comprises ESG and Real Estate segments.
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