Tag: MSCI

MSCI (NYSE:MSCI) Price Target Cut to $575.00 by Analysts at UBS Group

MSCI (NYSE:MSCI – Free Report) had its target price decreased by UBS Group from $700.00 to $575.00 in a research report report published on Wednesday, Benzinga reports. UBS Group currently has a buy rating on the technology company’s stock.

MSCI has been the subject of several other research reports. The Goldman Sachs Group lowered their price target on shares of MSCI from $615.00 to $526.00 and set a neutral rating for the company in a research report on Wednesday. StockNews.com lowered shares of MSCI from a buy rating to a hold rating in a research report on Tuesday, February 20th. Wells Fargo & Company upped their price target on shares of MSCI from $615.00 to $660.00 and gave the stock an overweight rating in a research report on Wednesday, January 31st. Redburn Atlantic lowered shares of MSCI from a neutral rating to a sell rating and lowered their price target for the stock from $620.00 to $470.00 in a research report on Tuesday, February 20th. Finally, Oppenheimer restated a market perform rating on shares of MSCI in a research report on Wednesday. Three analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $562.87.

Check Out Our Latest Analysis on MSCI

MSCI Trading Up 4.2 %

Shares of MSCI stock opened at $464.81 on Wednesday. The stock has a market capitalization of $36.82 billion, a price-to-earnings ratio of 31.73, a PEG ratio of 2.24 and a beta of 1.06. MSCI has a twelve month low of $439.95 and a twelve month high of $617.39. The business’s 50 day simple moving average is $545.76 and its 200-day simple moving average is $538.56.

MSCI (NYSE:MSCI – Get Free Report) last issued its earnings results on Tuesday, April 23rd. The technology company reported $3.52 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.08. MSCI had a negative return on equity of 111.33% and a net margin of 44.55%. The firm had revenue of $680.00 million for the quarter, compared to analyst estimates of $685.47 million. During the same period last year, the company earned $3.14 earnings per share. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side analysts predict that MSCI will post 14.81 earnings per share for the current year.

MSCI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $1.60 per share. The ex-dividend date is Thursday, May 16th. This represents a $6.40 annualized dividend and a dividend yield of 1.38%. MSCI’s dividend payout ratio (DPR) is 43.69%.

Institutional Trading of MSCI

Hedge funds have recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in MSCI during the first quarter valued at about $26,000. Optiver Holding B.V. purchased a new stake in shares of MSCI in the third quarter worth approximately $26,000. ORG Partners LLC increased its holdings in MSCI by 5,600.0% in the third quarter. ORG Partners LLC now owns 57 shares of the technology company’s stock worth $29,000 after buying an additional 56 shares during the last quarter. Headinvest LLC acquired a new position in MSCI in the third quarter worth approximately $30,000. Finally, American National Bank increased its holdings in MSCI by 1,300.0% in the fourth quarter. American National Bank now owns 70 shares of the technology company’s stock worth $40,000 after buying an additional 65 shares during the last quarter. 89.97% of the stock is owned by hedge funds and other institutional investors.

MSCI Company Profile

(Get Free Report)

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.

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April 25, 2024
Stocks, oil skid as China’s COVID protests roil sentiment

Stocks and oil weakened on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID policy raised worries about the management of the virus in the world’s second-largest economy.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.6% after US stocks ended the previous session with mild losses.

Australian shares lost 0.47% while Japan’s Nikkei stock index was down 0.37%.

South Korea’s KOSPI 200 index retreated 1.35% in early trade and New Zealand’s S&P/NZX50 Index was off 0.4%.

In China, demonstrators and police clashed in Shanghai on Sunday night as protests over the country’s stringent COVID restrictions flared for the third day.

There were also protests in Wuhan, Chengdu, and parts of the capital Beijing late Sunday as COVID restrictions were put in place in an attempt to quell fresh outbreaks.

The dollar extended gains against the offshore yuan, rising 0.74%, and the focus shifts to the opening of China’s markets later in the Asian morning.

The COVID rules and resulting protests are creating fears the economic hit for China will be greater than expected.

“A growing list of cities, including those with large populations, have imposed strong restrictions on movement because of a surge in infections, there will inevitably be a negative impact on economic activity from the restrictions on movement,” CBA analysts said on Monday.

“Even if China is on a path to eventually move away from its zero-COVID approach, the low level of vaccination among the elderly means the exit is likely to be slow and possibly disorderly. The economic impacts are unlikely to be small.”

China’s case numbers have hit record highs, with nearly 40,000 new infections on Saturday.

Fears about Chinese economic growth also hit commodities in Asia trade.

S&P 500 and Nasdaq futures both fell, pointing to possible declines in Wall Street later in the day.

US crude CLc1 dipped 0.25% to $76.08 a barrel. Brent crude LCOc1 fell 0.16 to $83.48 per barrel.

Both benchmarks slid to 10-month lows last week and declined for a third consecutive week

“Mobility data in China is showing the impact of a resurgence in COVID-19 cases,” ANZ analysts wrote in a research note Monday. “This remains a headwind for oil demand that, combined with weakness in the US dollar, is creating a negative backdrop for oil prices.”

Yields on benchmark 10-year Treasury notes rose to 3.6905% from its US close of 3.702% on Friday. The two-year yield, which tracks traders’ expectations of Fed fund rates, touched 4.467% compared with a US close of 4.479%.

The dollar rose 0.22% against the yen to 139.4 JPY. It remains well off its high this year of 151.94 on Oct. 21.

The euro was down 0.2% on the day at $1.0371, having gained 4.94% in a month, while the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, was up at 106.3.

In the United States, a speech by Federal Reserve Chair Jerome Powell in Washington on Wednesday to the Brookings Institute on the economic outlook and the labour market will be closely watched by investors.

Gold was slightly lower. Spot gold was traded at $1750.49 per ounce.

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November 27, 2022
US stocks dip, dollar up as China sticks to pandemic policy

US stock futures slipped in Asia on Monday after Beijing denied it was considering easing its zero COVID-19 policy, helping the dollar recover some losses while dealing a setback to oil and commodities.

Risk assets had rallied on Friday amid speculation China was preparing to relax its pandemic restrictions, but over the weekend health officials reiterated their commitment to the “dynamic-clearing” approach to COVID cases as soon as they emerge.

“Despite the denial, notions that China will pivot to living with COVID in the new year are unlikely to be quashed given the very real toll that zero-COVID is having on the economy,” said Tapas Strickland, head of market economics at NAB.

“With China going into winter, most analysts think a change in zero-COVID is unlikely until at least March.”

Speculation that China might open its economy saw copper jump 7% on Friday in its biggest one-day rally since 2009, while a range of resources all benefited from hopes of increased demand.

It also sent the yuan surging and triggered a round of profit taking on long US dollar positions, particularly against commodity sensitive currencies such as the Australian dollar.

Some of that reversed early Monday, with the Aussie down 0.8% at $0.6414 AUD-D3 after jumping 3% on Friday. The dollar gained 0.6% on the offshore yuan.

The US dollar index bounced 0.4% having dived almost 2% at the end of last week. The dollar edged back up to 147.00 yen, while the euro eased 0.4% to $0.9920.

S&P 500 futures ESc1 turned tail and fell 0.7%, while Nasdaq futures NQc1 lost 0.8%. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.4%.

Aiding risk sentiment at the margin were reports the White House is privately encouraging Ukraine to signal an openness to negotiate with Russia.

Dealers were still digesting a mixed U.S jobs report which showed solid gains in the payrolls survey but softness in the less reliable household survey of unemployment.

Four Federal Reserve policymakers on Friday indicated they would still consider a smaller interest rate hike at their next policy meeting, sounding less hawkish than Chair Jerome Powell.

There are at least seven Fed officials scheduled to speak this week, which will help refine the rate outlook with markets now narrowly leaning toward a half-point rate hike next month to 4.25-4.5%.

“We maintain the Fed will see sufficient progress on inflation to pause at 4.75% in February, but the risks are skewed to more hikes that likely bring about a recession sometime later in 2023 or early 2024,” said Bruce Kasman, head of economic research at JPMorgan.

Short-term Treasuries managed a minor rally on Friday with two-year yields edging back to 4.66% and off highs not seen since 2007.

The market faces a major hurdle on Thursday when US consumer prices for October are released, with any upside surprise set to test hopes for a step down in Fed hikes.

Median forecasts are for annual CPI inflation to slow to 8.0% and for the core to dip a tick to 6.5%.

Also of note will be midterm US elections on Tuesday where Republicans could win control of one or both chambers and lead to deadlock on fiscal policy.

In commodity markets, gold eased back to $1,677 an ounce after jumping over 3% on Friday.

Oil futures lost some of their gains with Brent LCOc1 off $1.79 at $96.78, while US crude CLc1 dropped $1.71 to $90.90 per barrel.

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November 6, 2022
Asia shares slip, make or break day for UK bonds

Asian share markets slipped on Monday following another drubbing for Wall Street as investors brace for further drastic tightening in global financial conditions, with all the risks of recession that brings.

Concerns about financial stability added to the corrosive mix with all eyes on UK bonds now that the Bank of England’s (BoE’s) emergency buying spree is over.

Prime Minister Liz Truss decision to fire her finance minister might help reassure investors, but her own fate is unclear with media reporting Tory lawmakers will try and replace her this week.

BoE Governor Andrew Bailey warned over the weekend that rates might have to rise by more than thought just a couple of months ago.

“The BoE was doing emergency bond-buying that’s technically identical to QE with one hand, while furiously raising the policy rate with the other,” said analysts at ANZ in a note.

“Monday’s market action will provide a test, not only for the survival of Truss’ low-tax vision, but also her political future.”

Sterling was quoted up 0.6% at $1.1240, but trading was sparse with little liquidity in Asia.

In equity markets, MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.5% and back toward last week’s 2-1/2 year low. Japan’s Nikkei shed 1.1% and South Korea 1.5%.

S&P 500 futures ESc1 edged up 0.5% after Friday’s sharp retreat, while Nasdaq futures NQc1 added 0.4%.

While the S&P is an eye-watering 25% off its peak, BofA economist Jared Woodard warned the slide was not over given the world was transitioning from two decades of 2% inflation to a time of something more like 5% inflation.

“$70 trillion of ‘new’ tech, growth, and government bond assets priced for a 2% world are vulnerable to these secular shifts as ‘old’ industries like energy and materials surge, reversing decades of under-investment,” he wrote in a note.

“Rotating out of 60/40 proxies and buying what is scarce – power, food, energy – is the best way for investors to diversify.”

INTERVENTION WATCH

A red-hot US inflation report last week has markets fully expecting the Federal Reserve to hike rates by 75 basis points next month, and likely by the same again in December.

A host of Fed policymakers are speaking this week, so there will be plenty of opportunity for hawkish headlines. The earnings season also continues with Tesla Inc, Netflix and Johnson & Johnson reporting, among others.

In China, the Communist Party Congress is expected to grant a third term to President Xi Jinping, while there could be a reshuffle of top economic roles as incumbents are near retirement age or term-limits. Read full story

In currency markets, the dollar remains king as investors price in U.S. rates peaking around 5%.

The yen has been particularly hard hit as the Bank of Japan sticks to its super-easy policy, while the authorities refrained from intervention last week even as the dollar sped past the 148.00 level to 32-year peaks.

Early Monday, the dollar was up at 148.62 yen and heading for the next target at 150.00.

The euro was holding at $0.9733, having put in a steadier performance last week, while the U.S. dollar index eased a fraction to 113.20.

The rise of the dollar and global bond yields has been a drag for gold, which was stuck at $1,646 an ounce.

Oil prices were trying to bounce after sinking more than 6% last week as fears of a demand slowdown outweighed OPEC’s plans to cut output.

Brent LCOc1 firmed 64 cents to $92.27 a barrel, while U.S. crude CLc1 rose 55 cents to $86.16 per barrel.

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October 16, 2022