Texas Capital Bank Wealth Management Services Inc Boosts Holdings in MSCI Inc. (NYSE:MSCI)

Texas Capital Bank Wealth Management Services Inc grew its position in shares of MSCI Inc. (NYSE:MSCI) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,046 shares of the technology company’s stock after purchasing an additional 23 shares during the period. MSCI makes up 0.9% of Texas Capital Bank Wealth Management Services Inc’s portfolio, making the stock its 27th biggest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in MSCI were worth $8,428,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of MSCI by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,493,534 shares of the technology company’s stock valued at $870,627,000 after acquiring an additional 37,340 shares in the last quarter. Stifel Financial Corp raised its stake in MSCI by 10.5% in the third quarter. Stifel Financial Corp now owns 28,791 shares of the technology company’s stock valued at $16,806,000 after purchasing an additional 2,743 shares in the last quarter. LRI Investments LLC lifted its position in MSCI by 120.0% during the third quarter. LRI Investments LLC now owns 44 shares of the technology company’s stock valued at $27,000 after purchasing an additional 24 shares during the last quarter. Geode Capital Management LLC grew its stake in MSCI by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,862,362 shares of the technology company’s stock worth $1,082,594,000 after buying an additional 13,691 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in shares of MSCI by 5.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,715 shares of the technology company’s stock worth $1,002,000 after buying an additional 85 shares during the last quarter. Institutional investors own 89.97% of the company’s stock.

Insider Buying and Selling at MSCI

In other news, COO Cd Baer Pettit sold 5,000 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $524.25, for a total value of $2,621,250.00. Following the sale, the chief operating officer now directly owns 294,787 shares of the company’s stock, valued at $154,542,084.75. This represents a 1.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Henry A. Fernandez purchased 5,300 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of $574.51 per share, with a total value of $3,044,903.00. Following the completion of the purchase, the chief executive officer now owns 1,269,951 shares in the company, valued at $729,599,549.01. This represents a 0.42 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 3.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MSCI shares. Wolfe Research upgraded shares of MSCI from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $675.00 price objective on shares of MSCI in a research report on Thursday, January 30th. The Goldman Sachs Group upgraded MSCI from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $617.00 to $723.00 in a research report on Wednesday, December 18th. Barclays reduced their price target on shares of MSCI from $675.00 to $650.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Finally, Bank of America initiated coverage on shares of MSCI in a report on Thursday. They issued a “neutral” rating and a $585.00 price objective for the company. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, MSCI currently has an average rating of “Moderate Buy” and a consensus target price of $646.58.

MSCI Trading Down 3.3 %

Shares of MSCI stock traded down $18.36 during mid-day trading on Thursday, reaching $530.97. The stock had a trading volume of 55,414 shares, compared to its average volume of 566,139. The firm has a market capitalization of $41.23 billion, a PE ratio of 37.76, a price-to-earnings-growth ratio of 2.61 and a beta of 1.30. The stock’s 50-day moving average price is $564.12 and its two-hundred day moving average price is $587.09. MSCI Inc. has a 52-week low of $439.95 and a 52-week high of $642.45.

MSCI (NYSE:MSCI) last released its quarterly earnings results on Wednesday, January 29th. The technology company reported $4.18 EPS for the quarter, beating analysts’ consensus estimates of $3.96 by $0.22. MSCI had a negative return on equity of 156.08% and a net margin of 38.83%. During the same quarter last year, the business posted $3.68 earnings per share. On average, equities research analysts forecast that MSCI Inc. will post 16.86 earnings per share for the current year.

MSCI Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $7.20 annualized dividend and a yield of 1.36%. This is a boost from MSCI’s previous quarterly dividend of $1.60. MSCI’s payout ratio is 51.21%.

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.