AMG National Trust Bank Has $6.95 Million Stock Holdings in MSCI Inc. (NYSE:MSCI)

AMG National Trust Bank lifted its holdings in shares of MSCI Inc. (NYSE:MSCI) by 1.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,925 shares of the technology company’s stock after buying an additional 154 shares during the period. AMG National Trust Bank’s holdings in MSCI were worth $6,951,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Rothschild Investment LLC bought a new position in shares of MSCI in the second quarter worth about $26,000. HWG Holdings LP acquired a new position in MSCI during the 2nd quarter worth approximately $27,000. Crewe Advisors LLC bought a new position in MSCI in the 1st quarter valued at approximately $34,000. Ridgewood Investments LLC acquired a new stake in MSCI in the second quarter valued at approximately $40,000. Finally, Ashton Thomas Securities LLC acquired a new stake in MSCI in the third quarter valued at approximately $40,000. 89.97% of the stock is owned by institutional investors and hedge funds.

MSCI Trading Down 2.0 %

NYSE:MSCI opened at $593.86 on Monday. The firm has a fifty day simple moving average of $583.62 and a two-hundred day simple moving average of $538.33. MSCI Inc. has a 12 month low of $439.95 and a 12 month high of $631.70. The stock has a market capitalization of $46.54 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 3.09 and a beta of 1.11.

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

MSCI Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, November 15th. MSCI’s dividend payout ratio (DPR) is 42.02%.

Analyst Upgrades and Downgrades

MSCI has been the subject of a number of research reports. Morgan Stanley increased their price target on MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $638.00 price objective on shares of MSCI in a report on Wednesday, October 30th. Evercore ISI assumed coverage on shares of MSCI in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $690.00 price target for the company. The Goldman Sachs Group lifted their price target on shares of MSCI from $526.00 to $590.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Finally, Argus lifted their target price on MSCI from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $631.83.

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.