|Bid||0.00 x 1000|
|Ask||0.00 x 2200|
|Day's range||247.35 - 251.01|
|52-week range||134.28 - 251.01|
|Beta (3Y monthly)||1.13|
|PE ratio (TTM)||35.84|
|Earnings date||29 Jan 2020 - 3 Feb 2020|
|Forward dividend & yield||2.72 (1.09%)|
|1y target est||251.89|
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it is proposing to issue $250.0 million aggregate amount of senior unsecured notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). If the offering is successfully placed, MSCI intends to use the net proceeds from the offering, together with available cash, for the partial redemption, in an amount equal to the aggregate issue amount of the offering, of its 5.250% senior notes due 2024, of which there is currently $800.0 million aggregate principal amount outstanding. The notes will be senior unsecured obligations of MSCI and will be guaranteed by MSCI and certain of its domestic subsidiaries.
MSCI, the world's biggest index provider, will follow in the footsteps of S&P Dow Jones and FTSE Russell, which told clients this week that they could fast-track Saudi Aramco's inclusion into their indexes as soon as December. State-owned Saudi Aramco, the world's most profitable company, is set to launch a share sale process on Nov. 17, aiming to raise $20 billion-$40 billion in a domestic initial public offering (IPO) in early December. The oil giant is due to announce the pricing of its IPO on Nov. 17, but it is unclear whether more details around timing will be disclosed.
We wouldn't blame MSCI Inc. (NYSE:MSCI) shareholders if they were a little worried about the fact that Benjamin...
(Bloomberg) -- Stocks in Kuwait and Saudi Arabia rose the most in the Gulf as investors reacted positively to a review by index compiler MSCI Inc. late last week.Kuwait’s index advanced as much as 1.8% after MSCI said it will increase the weight of National Bank of Kuwait SAK, the country’s biggest lender, within its benchmarks. That’s “a big positive surprise,” analysts at EFG-Hermes said. NBK’s shares gained as much as 4.3%, the most in two years.In Riyadh, Arab National Bank climbed as much as 5.4% after MSCI said it will add the stock to its emerging-markets index. It finished at the highest level in over a month.Investors were also perusing the prospectus of Saudi Aramco’s initial public offering, which will take place in Riyadh. Saudi Arabia will allow investors to start bidding for shares in the world’s most-profitable company from Nov. 17. While the document didn’t disclose the number of shares to be sold, it will allocate up to 0.5% of the stock to individual investors.NBK ends 2.8% higher at KW0.962, boosting the Premier Market index 1.1%Finishes at the highest level since Sept. 25Arab National Bank climbs 2.1% to finish at SAR23.30National Agriculture Development Co. gains 2.7%, the most in two weeks, after proposing a 20% capital increase through the distribution of one bonus share for every five heldThe Tadawul All Share Index advanced 1%Emirates NBD falls 2.2% in Dubai, dragging down the DFM General Index, which drops 1.4%NOTE: The subscription for the lender’s $1.76b rights issue starts Sunday and will close on Nov. 20Also in Dubai, Emaar Development slumps 7.2% after being excluded from MSCI’s main indexesExchanges in Bahrain, Oman and Egypt are closed for holidaysTo contact the reporter on this story: Filipe Pacheco in Dubai at firstname.lastname@example.orgTo contact the editors responsible for this story: Celeste Perri at email@example.com, James AmottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
MSCI Inc. , a leading provider of research-based indexes and analytics, announced the results of the November 2019 Semi-Annual Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI ...
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it has successfully completed its private offering of $500 million aggregate amount of its 4.000% senior notes (the “notes”) due 2029 (the “Offering”). MSCI intends to use the net proceeds from the Offering for general corporate purposes, including, without limitation, buybacks of its common stock and potential acquisitions. On an adjusted basis, after giving effect to the Offering, MSCI expects its total interest expense, including the amortization of financing fees, to be approximately $147 million for the year ending December 31, 2019.
(Bloomberg) -- India’s debt-burdened companies could get kicked out of MSCI Inc.’s benchmark index later this week.Highly indebted companies including Vodafone Idea Ltd., Indiabulls Housing Finance Ltd. and Glenmark Pharmaceuticals Ltd. are likely to be removed from the MSCI India Index, according to brokers.Most of these companies have seen a sharp erosion in their market values in the wake of the yearlong crisis in India’s credit market. The troubled private lender Yes Bank Ltd. has slumped more than 60% this year, while Indiabulls was axed from the NSE Nifty 50 Index in September after the mortgage lender’s share value more than halved.ICICI Prudential Life Insurance Co. and Siemens Ltd. are companies likely to be added to MSCI’s indexes, according to Morgan Stanley and Edelweiss. The insurer is up more than 50% this year. Siemens slid 0.4% at 10:11 a.m. in Mumbai after reaching a record on Monday.MSCI will announce the results of its semi-annual review of gauges on Nov. 7 during U.S. hours. The changes will be effective at the close of Nov. 26, the index provider said last month. A company spokeswoman didn’t have any immediate comments to offer.(Updates with Tuesday’s trading in fourth paragraph)To contact the reporter on this story: Abhishek Vishnoi in Singapore at firstname.lastname@example.orgTo contact the editors responsible for this story: Lianting Tu at email@example.com, Ravil Shirodkar, Margo TowieFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it priced its private offering of $500.0 million aggregate amount of 4.000% senior notes due 2029 (the "notes") at an issue price of 100.0% to yield 4.000% (the "Offering"). MSCI intends to use the net proceeds from the Offering for general corporate purposes, including, without limitation, buybacks of its common stock and potential acquisitions. The notes will be senior unsecured obligations of MSCI and will be guaranteed by MSCI and certain of its domestic subsidiaries.
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that it is proposing to issue $500.0 million aggregate amount of senior notes due 2029 (the “notes”) in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). If the offering is successfully placed, MSCI intends to use the net proceeds from the offering for general corporate purposes, including, without limitation, buybacks of its common stock and potential acquisitions. The notes will be senior unsecured obligations of MSCI and will be guaranteed by MSCI and certain of its domestic subsidiaries.
MSCI Inc. (MSCI), a leading provider of research-based indexes and analytics, will announce the results of the November 2019 Semi-Annual Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI Pan-Euro and MSCI Euro Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore Indexes and the MSCI China All Shares Indexes. All changes will be made as of the close of November 26, 2019.
MSCI (MSCI) delivered earnings and revenue surprises of 5.66% and 1.50%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
MSCI Inc. (MSCI), a leading provider of critical decision support tools and services for the global investment community, announced today that Alvise Munari, MSCI’s Head of Client Coverage - Europe, Middle East and Africa (EMEA), has been promoted to the role of Global Head of Client Coverage, effective January 2, 2020, reporting directly to C.D. Baer Pettit, President. In this role, he will assume the responsibility of overseeing MSCI’s sales, client relationship management and client service teams globally as Laurent Seyer, Chief Operating Officer and Chief Client Officer, retires to pursue outside interests.
MSCI Inc. , a leading provider of critical decision support tools and services for the global investment community, announced today the results for the three months ended September 30, 2019 and nine months ended September 30, 2019 .
MSCI's third-quarter 2019 results are likely to reflect strong demand for custom and factor index modules, and rising adoption of the ESG solution in the investment process.
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.JPMorgan Chase & Co. said its business in Saudi Arabia is growing faster than any other region in the world, helped by the stock exchange’s inclusion in MSCI Inc.’s main emerging markets index.“We at JPMorgan believe that Saudi will become the main hub in the region, as well as one of the main hubs globally,” Carlos Hernandez, head of global banking at the New York-based firm, said on the opening day of the Future Investment Initiative summit in Riyadh.Global investment firms are clamoring to do business with the kingdom, where low oil prices have forced officials to tap international debt markets and seek foreign capital. Advisers hired for the imminent IPO of Saudi Aramco are set to split a fee pool of as much as $450 million, Bloomberg News has reported. JPMorgan is one of nine joint global coordinators on the deal.The bank “made the decision to go onshore in Saudi about eight years ago, open our custody, and our business is growing at the fastest pace than any other region in the world,” Hernandez said.Key Developments:Boutique firm Evercore says Brexit and trade war are hurting cross-border mergers and acquisitionsHSBC’s interim CEO Noel Quinn says the current economic policy in Europe doesn’t work for banksFor more from the summit, where President Donald Trump’s adviser Jared Kushner also speaks later on Tuesday, click back throughout the day. Time stamps are local.Citigroup’s Corbat on Inclusive Workplace (13:10 p.m.)Citigroup Inc. is pushing to close the “big big gap” of women in senior leadership positions and is committed to achieving the goal, CEO Mike Corbat said at the event.“We review those metrics on a regular basis at my leadership table,” he said. “We are actually about 51% female. In terms of fair pay, we did the work around the globe, we found some discrepancies, and we fixed those.”Evercore Says Brexit, Trade War Hurting M&A (11:18 a.m.)Brexit and the trade war between the U.S. and China are hurting large M&A deals, according to boutique bank Evercore Inc.“The trade configuration and inability to sort out Brexit have a dampener on larger transactions because you have to wait a year and half, two years, to get a transaction done,” said Chief Executive Officer Ralph Schlosstein. Cross borders deals, which need the approval of 20 to 25 regulators, are particularly being hit hard.Takeover volumes since the start of September have fallen to the lowest level in eight years, according to data compiled by Bloomberg. Slow growth and political turmoil in Europe have kept U.S. acquirers away from the continent -- a traditional driver of M&A in the region.“Historically, companies competed based on the quality of their products or services,” Schlosstein said. “Today we run the risk of going into a decoupled world where companies are going to compete on the basis of where they happen to be domiciled and with whom they happen to be allied. That will be an economic and growth destroyer.”Mubadala Sells Assets Ahead of Market Correction (10:29 a.m.)Abu Dhabi’s Mubadala Investment Co. is selling assets that have reached maturity as the sovereign fund prepares for a market correction, Chief Executive Officer Khaldoon Al Mubarak said.“Mubadala is preparing for a correction that’s bound to come. I don’t know when that correction is gonna come.”Abu Dhabi, the holder of about 6% of the world’s oil reserves, has been selling stakes in some assets in an effort to diversify its economy by turning oil revenue into profitable investments.Mubadala in April agreed to sell a stake valued at as much as $4.8 billion in Spanish oil refiner Cepsa to Carlyle Group LP. It’s also said to be exploring options for Nova Chemicals Corp., a Canadian plastics maker that could be valued at more than $10 billion.HSBC Says Economics of Europe Don’t Work for Banks (09:55 a.m.)Europe needs to revert to “normalized monetary economics” as the current policies don’t work for banks, according to Noel Quinn, acting Chief Executive Officer of HSBC Holdings Plc.“It’s very hard to run a financial institution in an environment of negative interest rate,” Quinn said.Job cuts announced by banks this year were approaching 60,000 last month, almost all of them in Europe, where negative interest rates and a slowing economy prompt lenders, including Germany’s Commerzbank AG, to step up cost reductions.HSBC on Monday embarked on its biggest overhaul in years after profit missed estimates.Schwarzman on Being a Central Banker (9:51 a.m.)Blackstone Group Inc. Chief Executive Officer Stephen Schwarzman joined the outcry against low and negative interest rates, saying that central bankers have run out of firepower to propel economic growth.“Interest rates around the world are so low, I don’t know what I would do as a central banker,” Schwarzman, who spoke on the same panel with Dalio, said. “You certainly run out of effectiveness. I don’t even know how to run a financial institution. We will have a downturn, it will be challenging, and we will need a lot of fiscal stimulus.”On Monday, outgoing European Central Bank President Mario Draghi used his farewell address to make one last plea for euro-zone fiscal support, saying low interest rates can no longer provide the same degree of stimulus as in the past.Dalio Sees a ‘Scary Situation’ for the Global EconomyBillionaire hedge-fund founder Ray Dalio said the global economy is under threat from an explosive mix of ineffective monetary policy, a rise in the wealth gap and climate change.The combination will lead to a “scary situation” over the next decade, according to Dalio, whose investment management firm, Bridgewater Associates, is the world’s biggest hedge fund.“The technology and increasing use of artificial intelligence and increased productivity will also substantially increase the wealth gap, the job gap, the wealth and ideological conflicts within countries,” he said.\--With assistance from Arif Sharif, Farah Elbahrawy, Fahad Alzahrani and Archana Narayanan.To contact the reporters on this story: Matthew Martin in Riyadh at firstname.lastname@example.org;Nicolas Parasie in Riyadh at email@example.com;Dinesh Nair in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Alaa Shahine at email@example.com, ;Stefania Bianchi at firstname.lastname@example.org, Claudia MaedlerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. To keep it practical...
Restricting the flow of U.S. capital to China would have a "devastating" impact on global markets, the head of index provider MSCI Inc told CNBC on Friday. "If that happens, then we're going to have a world in which the fuel that lubricates economic growth and prosperity in the world is cut off, the oxygen gets cut off, and therefore you end up with a global economy that is significantly smaller than we have today," said MSCI Chief Executive Officer Henry Fernandez.
MSCI (MSCI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Global index provider MSCI Inc. is pushing back against criticism by U.S. Senator Marco Rubio that it’s helping funnel billions of Americans’ investment dollars into Chinese companies linked to human rights abuses and national security threats.“Currently there is no U.S. law or regulation that prohibits an index company from creating an index containing China A securities or U.S. investors from trading in the China A market,” MSCI’s Chief Executive Officer Henry Fernandez said in a letter seen by Bloomberg. China A shares are open to buying and selling by foreign investors.Fernandez wrote in a response to questions from Rubio about the index’s composition that inclusion isn’t based on “subjective judgment regarding the company’s intrinsic value or basic practices,” but on standardized attributes such as company size and liquidity.MSCI’s response comes after the Florida Republican sent a public letter asking the index provider for an explanation on why it added hundreds of Chinese stocks to its benchmark emerging markets index since last year and then increased the weighting to them this year. The moves paved the way for billions of dollars more in investments and retirement-savings to flow to Chinese companies.Some stocks in the index, such as Hangzhou Hikvision, have recently been placed on a U.S. blacklist preventing business with American companies.Read more: U.S. Teachers, Firemen Fund Rise of China Tech Without Knowing It “It is deeply troubling that a company like Hikvision, which is complicit in China’s human rights abuses in Xinjiang and is on the Commerce Department’s banned Entity List, can get access to the U.S. capital markets through an MSCI index,” Rubio said in a statement on Monday. “I will continue to work with my colleagues in a bipartisan fashion to ensure that U.S. investors and pensioners are not at risk.”MSCI didn’t respond to requests for comment.Rubio’s pressure on MSCI is part of a larger campaign by U.S. lawmakers to slow the spigot of money that has flowed from U.S. investment funds into Chinese companies. The moves come during an ongoing trade war between the two countries that has prompted U.S. officials to increase scrutiny to the money going into China.American Securities Association CEO Chris Iacovella said MSCI’s response fails to address any of the concerns Rubio raised to protect American investors.“MSCI continues to look the other way as it funnels billions of dollars of American money out of the U.S. and into Chinese companies that are fraudulent, on the sanctions list, or do-not-do business list,” he said.Rubio has led a push by a group of bipartisan lawmakers advocating for more stringent restraints on investment and greater scrutiny of Chinese companies in stock indexes and U.S. pension funds. He has also proposed legislation that could delist Chinese companies from U.S. exchanges if they failed to comply with U.S. accounting practices and other laws.The White House has been in touch with Rubio to discuss its support for the matter, but the legislation’s prospects in Congress remain unclear.The MSCI letter agreed with Rubio that investors should know where they are investing and said in some cases the company makes specific references to China’s different accounting standards, and identifies China as an authoritarian regime. A Rubio spokesman said the Senator’s office received the letter earlier this month.The MSCI CEO drew the distinction between passive index funds that MSCI powers, which do not serve as investment recommendations, and active asset managers, who can pick and choose which stocks to direct funds. In addition to serving as a benchmark for investments, MSCI said its indexes are used by academic institutions and researchers, cautioning that requiring the index to exclude certain stocks would “severely limit the ability to understand and assess global markets.”Rubio told Bloomberg earlier this year that he’s not advocating for an all-out ban on U.S. investment in China, but for a regulatory body charged with examining investments, modeled on the Committee on Foreign Investment in the U.S., which was recently granted greater power to restrict Chinese acquisitions of U.S. technology.“Firms like MSCI have an obligation to make sure investors know whether their investment dollars are unwittingly aiding Chinese state-owned and state-directed companies linked to China’s efforts to steal American innovation, undermine fair competition, increase threats to U.S. national security and economic security, and support China’s systemic and egregious human rights abuses,” Rubio said in an accompanying statement in June. “We can no longer allow China’s authoritarian government to reap the rewards of American and international capital markets.”(Updates with comment from Rubio in sixth paragraph.)\--With assistance from Daniel Flatley.To contact the reporters on this story: Shelly Banjo in Hong Kong at email@example.com;Jenny Leonard in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Brendan Murray at email@example.com, Margaret Collins, Sarah McGregorFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
MSCI (MSCI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
MSCI Inc. , a leading provider of critical decision support tools and services for the global investment community, announced today it will release its results for third quarter 2019 on Thursday, October 31, 2019.
Some of the biggest public pensions funds in the United States have invested in one of the world's largest purveyors of video surveillance systems that the U.S. government claims are used in wide-scale repression of the Muslim population of western China. The Trump administration's decision to put the company, Hangzhou Hikvision Digital Technology Co, on a blacklist last week has prompted at least two of the pension plans to say they are reviewing or monitoring that development. The blacklist applies to Hikvision and seven other companies because they allegedly enabled the crackdown that has led to mass arbitrary detentions in the Xinjiang region.