Recent Insider Transactions • May 21
Chairman recently bought €1.9m worth of stock On the 15th of May, Henry Fernandez bought around 4k shares on-market at roughly €484 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Henry has been a buyer over the last 12 months, purchasing a net total of €16m worth in shares. 공시 • Apr 22
MSCI Inc. announces Quarterly dividend, payable on May 29, 2026 MSCI Inc. announced Quarterly dividend of USD 2.0500 per share payable on May 29, 2026, ex-date on May 15, 2026 and record date on May 15, 2026. 공시 • Apr 08
MSCI Inc. (NYSE:MSCI) acquired ApeVue Inc.. MSCI Inc. (NYSE:MSCI) acquired ApeVue Inc. on April 7, 2026.
MSCI Inc. (NYSE:MSCI) completed the acquisition ApeVue Inc. on April 7, 2026. 공시 • Apr 02
MSCI Inc. Announces Resignation of C. Jack Read as Global Controller and Chief Accounting Officer, Effective August 9, 2026 On March 27, 2026, MSCI Inc. announced that C. Jack Read informed the company of his intention to resign from his position as Global Controller and Chief Accounting Officer to pursue another opportunity. He will continue to serve in his existing role and as the Company's principal accounting officer until August 9, 2026. Mr. Read’s decision to resign was not the result of any disagreement with the Company on any matter relating to its financial statements, internal control over financial reporting, operations, policies or practices. 공시 • Mar 12
MSCI Inc., Annual General Meeting, Apr 21, 2026 MSCI Inc., Annual General Meeting, Apr 21, 2026. Location: ww.virtualshareholdermeeting.com/msci2026, United States 공시 • Mar 04
MSCI Inc. (NYSE:MSCI) acquired Compass Financial Technologies SA. MSCI Inc. (NYSE:MSCI) acquired Compass Financial Technologies SA on March 3, 2026. The financial impact of the transaction is not expected to be material to MSCI.
MSCI Inc. (NYSE:MSCI) completed the acquisition of Compass Financial Technologies SA on March 3, 2026. 공시 • Jan 28
MSCI Inc. Declares Cash Dividend for First Quarter 2026, Payable on February 27, 2026 MSCI Inc. declared a cash dividend of $2.05 per share for first quarter 2026, payable on February 27, 2026 to shareholders of record as of the close of trading on February 13, 2026. 공시 • Jan 06
MSCI Inc. to Report Q4, 2025 Results on Jan 28, 2026 MSCI Inc. announced that they will report Q4, 2025 results Pre-Market on Jan 28, 2026 공시 • Dec 04
MSCI Launches Breakthrough Index Integrating Public Markets and Private Equity MSCI Inc. launched the MSCI All Country Public + Private Equity Index, an innovative daily index that combines public markets and a broad private equity view within a single, coherent framework. The launch marks a major shift in how investors can assess total equity exposures and measure performance across their portfolio. With private markets increasingly integrated into investment portfolios, private equity is becoming a core component of total portfolio allocation, contributing to diversification, long-term return potential and exposure to segments of the economy not captured by public markets. Reflecting the evolving structure of investor portfolios, this index sets a new standard for tracking global equity performance across public and private markets. The index combines the MSCI ACWI IMI, which represents the performance of the full opportunity set of publicly listed equities across developed and emerging markets and serves as the benchmark for approximately USD 5.6 trillion in assets under management1, and the new MSCI All Country Private Equity Index, a daily measure based on MSCI's proprietary dataset of LP-sourced cash flows and valuations from nearly 10,000 private equity funds. This integrated approach allows the index to reflect both the investable public equity universe and modelled private equity exposures in a consistent global equity framework. Powered by MSCI's combined index expertise and research and data capabilities, the MSCI All Country public + Private Equity Index methodology is designed to provide transparency and a consistent approach for index construction, maintenance and rebalancing aligned with MSCI's index design principles. The index, with a target allocation to private equity set to 15%, is calculated daily based on the drift weight and the daily performance of each component index. The index is reviewed and rebalanced quarterly to maintain consistency with the target allocation weights. In each review, the latest available component index data are incorporated, and the weighting factors are reset to the target allocation. Realancing is conducted in accordance with MSCI's index maintenance policies providing continuity and comparability over time. The launch reflects MSCI's broader commitment to equipping investors with tools, research and data required to support informed decision-making across their portfolios. As of June 30, 2025. Active institutional AUM includes separate/segregated AUM, pooled/commingled AUM and mutual fund institutional AUM. Active retail funds include open-ended funds, closed-ended funds and insurance product funds. AUM also includes indexed assets and the notional open interest in futures and options, based on internal MSCI data. For funds that did not report AUM as of June 30, 2025, prior period values were used as estimates. 공시 • Nov 17
MSCI Inc. Announces Executive Changes On November 12, 2025, Mr. C.D. Baer Pettit notified MSCI Inc. (the Company") of his decision to retire from the Company. Accordingly, and in connection with his planned retirement and in order to facilitate a smooth and orderly transition of his responsibilities, Mr. Pettit ceased serving in his position as Chief Operating Officer of the Company, effective November 12, 2025, and will cease serving in his positions as President and as a member of the Board of Directors of the Company (the Board"), in each case effective March 1, 2026. The Company intends to enter into an advisory service arrangement with Mr. Pettit, pursuant to which, for the period from March 1, 2026 through a date in the third quarter of 2026, Mr. Pettit will provide certain advisory services to the Company to ensure a smooth and orderly transition of his responsibilities. In addition, in connection with Mr. Pettit's planned retirement, Mr. Henry A. Fernandez, the Company's Chief Executive Officer, will assume the role of the Company's President, effective March 1, 2026. There are no changes to Mr. Fernandez's compensation in connection with this designation. In connection with the foregoing, the Board has approved a reduction in the size of the Board from twelve to eleven directors, effective March 1, 2026. Mr. Pettit joined MSCI in 2000 and has served in numerous senior leadership roles, including heading Client Coverage, Marketing and Index. He was appointed COO in 2015 and President in 2017, overseeing all products and operations, and he joined the Board of Directors in 2023. Alvise Munari has been appointed Head of Client Segments, in addition to his role as Chief Product Officer. Mr. Munari has been with the company for 10 years and previously served as Chief Client Officer. In his new role he will drive expansion of the firm’s products for new use cases and client segments. Jorge Mina has been appointed Chief Operating Officer (COO), in addition to his role as Head of Analytics. As COO, he will lead the company’s integrated operations across all products and functional areas. Mr. Mina has been with the firm for over 25 years and has a deep understanding of MSCI’s operations, business processes, and technology stack. 공시 • Oct 07
MSCI Inc. Launches Global Classification Standards for Private Assets MSCI is addressing this challenge with the launch of MSCI PACS, a proprietary asset classification framework designed to bring order, comparability and consistency to private markets. Covering a wide array of private assets - including private companies, real estate and infrastructure - PACS provides granular classifications that can be used to benchmark, analyze and communicate portfolio strategies and performance effectively across the investment lifecycle. MSCI PACS is a global taxonomy created specifically for private assets. It builds on MSCI's decades of leadership in providing standards and tools, including the Global Industry Classification Standard (GICS)1, that are used to categorize and compare public companies around the world. Delivered as an AI-powered managed data service, PACS applies consistent sector tagging at scale, providing the private-markets industry a strong foundation for transparency and comparability. The launch of PACS reflects MSCI's broader commitment to equip private markets practitioners with the tools, research and data required to enhance transparency and support informed decision-making across their portfolios. 공시 • Oct 03
MSCI Inc. to Report Q3, 2025 Results on Oct 28, 2025 MSCI Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 28, 2025 공시 • Sep 03
MSCI Inc Launches Private Credit Factor Model to Bring Transparency to Rapidly Growing Asset Class MSCI Inc. launched a Private Credit Factor Model to help investors overcome the lack of transparency in the asset class and better assess the long-term risks it presents in their overall portfolios. As investors continue to increase their allocations to the private credit market, they face a critical challenge: A lack of data and insights into their investments can obscure their view of risks of private investments within the context of their total portfolio. Over the past decade the explosive growth in private credit, driven by investors' search for yield and structural shifts in capital markets, has outpaced the tools needed to manage it. And institutional investors such as pension funds are being asked by plan participants, boards and other stakeholders to shed light on these often-opaque assets. Designed to address these challenges, the Private Credit Factor Model integrates private credit into the systemic, factor-based framework that forms the basis of modern portfolio management. Powered by MSCI's analytics and cross-asset modeling capabilities, the model offers institutional investors a consistent, integrated view of risk across public and private markets. These insights draw on MSCI's Private Assets Universe data - one of the most extensive and highest quality sets of cashflow and valuations data in the private markets industry. Available through MSCI's Analytics platform, the model enables risk teams to: Decompose risk across private credit strategies, including corporate lending and asset-backed debt, using region- and strategy-specific factors that capture market, structural, and idiosyncratic drivers of risk. Assess how private credit exposures respond to macroeconomic shocks and shifting credit conditions -- and understand their impact on total portfolio risk through scenario analysis and stress testing. Model private credit exposures despite limited data availability, using MSCI's proprietary estimation and mapping techniques to address illiquidity, lagged valuations and sparse pricing. Integrate private credit into total portfolio risk reporting to support investment decisions, board level insights, risk budgeting and strategic asset allocation. Powered by data from over 1,500 private capital funds, the Private Credit Factor Model leverages the MSCI Private Capital Solutions taxonomy, providing detailed classification across region, strategy, and capital structure. This unique foundation of data gives investors a first-of-its-kind lens into the structural and behavioral traits of private credit. By uncovering both systemic and idiosyncratic risks, the model enhances portfolio construction and sharpens stress testing, bringing private credit in line with the standards applied to public markets. The model is part of MSCI's expanding suite of private credit analytics, which are designed to help investors measure, manage and benchmark the asset class's risk. The Private Credit Factor Model compliments the MSCI | Moody's Private Credit Risk Assessment tool, which focuses on default and loss probabilities and provides investors with a view on private credit's long-term volatility and correlation with other asset classes. The addition of the private credit factor model underscores commitment to evolving with client needs and enabling a holistic understanding of risk in today's multi-asset world. The launch of the Private Credit Factor Model also represents the latest enhancement to MSCI's multi-asset class analytics suite, which is available through MSCI Barra One. 공시 • Aug 05
MSCI Inc. Advances Private Markets Strategy with New Solutions Built for General Partners MSCI Inc. has launched two new data and analytics solutions, Private Asset and Deal Metrics and Real Capital Analytics (RCA) Funds, designed to provide General Partners (GPs) with deeper insights and enhanced investor engagement capabilities, enabling them to develop more effective strategies for capital formation and deployment across private asset and commercial real estate markets. Private Asset and Deal Metrics is built on private company and deal-level data from more than 26,000 private equity buyout deals representing $2 trillion in net asset value1. The solution enables GPs to benchmark performance, validate investment themes and engage Limited Partners (LPs) with greater confidence. RCA Funds delivers global intelligence on institutional real estate funds. It draws on commercial real estate profiles of over 1,600 GPs and 800 LPs and data on more than 8,000 real-estate funds2. The solution supports GPs' fundraising by providing deep insights into LP investment criteria and also helps them strengthen investor relationships through transparent fund performance for better reporting. In the recent MSCI General Partner Survey, more than half of respondents said that they face difficulties finding attractive deals, while one third identified fundraising and capital flows as their top challenges. As GPs navigate this complex and increasingly competitive environment, these new solutions are designed to address critical gaps in data transparency, benchmarking and decision-making capabilities across the full capital investment lifecycle. While MSCI continues to introduce innovative and tech-enabled solutions that serve the needs of all types of private market practitioners, these launches build on the firm's ongoing commitment to supporting the GP community. These new solutions expand MSCI's dedicated suite of products aimed at GPs, including Private Capital Intel, which allows clients to benchmark performance against one of the largest pools of private capital data with extensive coverage of historical profiles sourced directly from LPs, and the recent partnership with Intapp to deliver enhanced private capital market intelligence. 공시 • Jul 22
MSCI Inc. Declares Dividend for Third Quarter of 2025, Payable on August 29, 2025 On July 21, 2025, the Board of Directors of MSCI Inc. declared a cash dividend of $1.80 per share for third quarter of 2025, payable on August 29, 2025 to shareholders of record as of the close of trading on August 15, 2025. 공시 • Jul 02
MSCI Inc. to Report Q2, 2025 Results on Jul 22, 2025 MSCI Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025 공시 • Jun 30
MSCI Inc.(NYSE:MSCI) dropped from Russell 1000 Dynamic Index MSCI Inc.(NYSE:MSCI) dropped from Russell 1000 Dynamic Index 공시 • Apr 24
MSCI Inc. Expands Private Assets Toolkit with Launch of Indexes Tracking Venture-Backed Companies MSCI Inc. has launched two MSCI All Country Venture-Backed Private Company Indexes, advancing the firm's commitment to empowering investors with clear, transparent insights on the performance of private assets globally. With these indexes, MSCI is applying decades of index construction expertise to calculate the performance of venture-backed private company shares based on secondary market transaction data. Private companies that receive funding from venture capital investors often operate in high-growth, technology-driven industries that have garnered growing interest from investors and wealth managers in recent years. While such companies do not trade on centralized exchanges, over-the-counter secondary markets play a key role in providing liquidity and facilitating price discovery. Venture-backed companies are staying private for longer periods, with the number of publicly listed companies in the US dropping by nearly half between 1996 and 2022.1 The number of private venture-backed companies with valuations of more than USD 1 billion has also grown tenfold in the last decade.2 These trends have simultaneously grown the asset class and expanded the availability of market-based pricing data, enabling MSCI to develop the MSCI All Country venture-Backed Private Company Top 20 Equal Weighted Vintage Index and theMSCI All Country Venture-Backed private companies worldwide with secondary market activity may be eligible for inclusion in the indexes. In constructing and calculating the indexes, MSCI uses secondary market data sourced from specialist firms Caplight and PM Insights. Both firms operate broker contributor networks to collect and analyze data across a broad cross-section of market participants. Leveraging this secondary market data, MSCI applies a research-driven, rules-based methodology focused on trading activity, size and other parameters. These two new index solutions are the first offered by MSCI that seek to measure the performance of private markets at the company level. In addition to these new offerings, MSCI also calculates the MSCI Private Capital Indexes. Launched in July 2024, the MSCI Private capital Indexes provide closed-end fund-level performance. They are constructed from a broad universe of private capital funds with over USD 11 trillion in capitalization. 공시 • Apr 23
MSCI Inc. Declares Cash Dividend for Second Quarter 2025, Payable on May 30, 2025 On April 21, 2025, the MSCI Inc. Board of Directors declared a cash dividend of $1.80 per share for second quarter 2025, payable on May 30, 2025 to shareholders of record as of the close of trading on May 16, 2025. 공시 • Apr 02
MSCI Inc. to Report Q1, 2025 Results on Apr 22, 2025 MSCI Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 22, 2025 공시 • Mar 13
MSCI Inc., Annual General Meeting, Apr 22, 2025 MSCI Inc., Annual General Meeting, Apr 22, 2025. 공시 • Feb 26
MSCI Inc. Announces Not Stand for Re-Election of Wayne Edmunds to the Board of Directors On February 23, 2025, Mr. Wayne Edmunds informed MSCI Inc. of his decision to retire from the Board of Directors (the “Board”) of the Company and not stand for re-election at the Company’s 2025 Annual Meeting of Shareholders. Mr. Edmunds has been a member of the Board since 2015, and currently serves on the Audit and Risk Committee of the Board and the Compensation, Talent and Culture Committee of the Board. His decision to retire is not due to any disagreement with MSCI’s management or the Board regarding the Company’s operations, policies or practices. In connection with Mr. Edmunds’ retirement at the 2025 Annual Meeting of Shareholders, the Board intends to reduce its size from thirteen to twelve members. 공시 • Jan 30
MSCI Inc. Appoints June Yang to its Audit and Risk Committee MSCI Inc. announced on December 17, 2024, that the Board of Directors of the Company had appointed June Yang to serve as an independent director on the Board, effective December 17, 2024. At that time, the Board had not yet appointed Ms. Yang to any Board committee. In accordance with Securities and Exchange Commission rules, this amendment to the Form 8-K filed on December 17, 2024 is being filed to report that on January 28, 2025, the Board appointed Ms. Yang to the Audit and Risk Committee, effective January 28, 2025. 공시 • Jan 29
MSCI Inc. Declares Cash Dividend for First Quarter 2025, Payable on February 28, 2025 MSCI Inc. Board of Directors declared a cash dividend of $1.80 per share for first quarter 2025, payable on February 28, 2025 to shareholders of record as of the close of trading on February 14, 2025. 공시 • Jan 07
MSCI Inc. to Report Q4, 2024 Results on Jan 29, 2025 MSCI Inc. announced that they will report Q4, 2024 results Pre-Market on Jan 29, 2025 공시 • Dec 18
MSCI Inc. Appoints June Yang to Board of Directors MSCI Inc. announced that June Yang, former Vice President, Cloud AI and Industry Solutions at Google Cloud Inc., has been appointed to serve as an independent director on MSCI’s Board of Directors, effective December 17, 2024. Ms. Yang previously served as Vice President, Cloud AI and Industry Solutions at Google Cloud Inc. from October 2021 to December 2023, where she was responsible for the portfolio of Google Cloud AI products and solutions. Previously at Google Cloud, she served as Vice President and General Manager, Google Compute, AI Infrastructure and Block Storage from October 2019 to October 2021. Prior to joining Google Cloud, Ms. Yang held various engineering and product management positions at VMware Inc., including Vice President, Engineering and Product Management of VMware Cloud on Dell EMC and Vice President, Product Management of vSphere, Edge Computing and Analytics Cloud. Ms. Yang has served as a director of NetApp Inc. since September 2024 and a director of UiPath Inc. since February 2024. Ms. Yang previously served as a director at SRS Distribution from Nov. 2022 until its acquisition in July 2024. Ms. Yang holds a Bachelor of Science degree in Chemical Engineering from the California Institute of Technology, a Master of Science degree in Chemical Engineering from the University of California, Berkeley and a Master of Science degree in Management from the Stanford University Graduate School of Business. 공시 • Oct 30
MSCI Inc. Declares Cash Dividend for the Fourth Quarter of 2024, Payable on November 29, 2024 MSCI Inc. declared cash dividend of $1.60 per share for fourth quarter 2024, payable on November 29, 2024, to shareholders of record as of the close of trading on November 15, 2024. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$3.58 (vs US$3.28 in 3Q 2023) Third quarter 2024 results: EPS: US$3.58 (up from US$3.28 in 3Q 2023). Revenue: US$724.7m (up 16% from 3Q 2023). Net income: US$280.9m (up 8.2% from 3Q 2023). Profit margin: 39% (down from 42% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 공시 • Oct 29
MSCI Inc. (NYSE:MSCI) announces an Equity Buyback for $1,500 million worth of its shares. MSCI Inc. (NYSE:MSCI) announces a share repurchase program. Under the program, the company will repurchase up to $1,500 million worth of its common shares. 공시 • Oct 01
MSCI Inc. to Report Q3, 2024 Results on Oct 29, 2024 MSCI Inc. announced that they will report Q3, 2024 results Pre-Market on Oct 29, 2024 Upcoming Dividend • Aug 09
Upcoming dividend of US$1.60 per share Eligible shareholders must have bought the stock before 16 August 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (3.0%). 공시 • Aug 01
MSCI Inc. Appoints Michelle Seitz to the Board of Directors MSCI Inc. announced that Michelle Seitz, the former Chair and CEO of Russell Investments, has been appointed to serve as an independent director on MSCI’s Board of Directors (the “Board”), effective August 5, 2024. Ms. Seitz will serve as a member of the Audit and Risk Committee of the Board. Ms. Seitz’s appointment comes after an extensive search initiated last year. Michelle Seitz, a seasoned business executive and investor, is the Founder and CEO of MeydenVest Partners, a private investment and strategic advisory firm launched in 2022. Prior to this, she served as the Chair and CEO of Russell Investments, one of the world’s largest asset management firms, where she enhanced profitability and scalability. Before Russell Investments, Ms. Seitz held various leadership roles at William Blair, including CEO of William Blair Investment Management, where she led the firm to achieve fivefold growth, establishing it as an internationally recognized global asset and wealth management firm. Currently, she also serves as a director on the board of SANA Biotechnology (NASDAQ: SANA). Ms. Seitz is a graduate of the Kelley School of Business at Indiana University, and is a Chartered Financial Analyst (CFA). She has been recognized as one of the most influential women in U.S. finance. 공시 • Jul 27
MSCI Inc. Announces Resignation of Chirantan “Cj” Desai as Board of Directors On July 25, 2024, Chirantan “CJ” Desai notified the Board of Directors (the “Board”) of MSCI Inc. (the “Company”) of his resignation from service as a director of the Company, effective the same date. Mr. Desai’s decision to resign is not because of a disagreement with the Company or the Board on any matter relating to the Company’s operations, policies or practices. Declared Dividend • Jul 25
Second quarter dividend of US$1.60 announced Shareholders will receive a dividend of US$1.60. Ex-date: 16th August 2024 Payment date: 30th August 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 24% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 24
Second quarter 2024 earnings released: EPS: US$3.37 (vs US$3.10 in 2Q 2023) Second quarter 2024 results: EPS: US$3.37 (up from US$3.10 in 2Q 2023). Revenue: US$707.9m (up 14% from 2Q 2023). Net income: US$266.8m (up 8.1% from 2Q 2023). Profit margin: 38% (down from 40% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 공시 • Jul 04
MSCI Inc. to Report Q2, 2024 Results on Jul 23, 2024 MSCI Inc. announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Jul 23, 2024 공시 • Jul 02
MSCI Inc. Announces Executive Appointments MSCI Inc. announced that Alvise Munari, MSCI’s current Chief Client Officer, has been appointed Chief Product Officer. Mr. Munari will now be responsible for leading product development and innovation, applying his deep insights into MSCI’s global client base. He will continue to drive strong collaboration between MSCI’s product teams and the firm’s client coverage, marketing, research, technology, and data teams to develop and deliver innovative solutions to meet investors’ complex and unique needs for differentiated tools and insights to power their investment strategies. Mr. Munari has transformed the MSCI global client coverage team through a relentless focus on understanding clients’ needs and delivering holistic solutions, leading to record growth and client retention across regions, segments, and products. He has 20 years of prior financial industry experience, including in product innovation leadership roles at Goldman Sachs, Merrill Lynch, and Morgan Stanley. Mr. Munari will continue to report to Baer Pettit, President and Chief Operating Officer at MSCI. Upcoming Dividend • May 09
Upcoming dividend of US$1.60 per share Eligible shareholders must have bought the stock before 16 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Recent Insider Transactions • Apr 28
Chairman & CEO recently bought €5.7m worth of stock On the 25th of April, Henry Fernandez bought around 13k shares on-market at roughly €435 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Henry's only on-market trade for the last 12 months. Reported Earnings • Apr 24
First quarter 2024 earnings released: EPS: US$3.23 (vs US$2.98 in 1Q 2023) First quarter 2024 results: EPS: US$3.23 (up from US$2.98 in 1Q 2023). Revenue: US$680.0m (up 15% from 1Q 2023). Net income: US$256.0m (up 7.2% from 1Q 2023). Profit margin: 38% (down from 40% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. 공시 • Apr 23
MSCI Inc. Declares A Cash Dividend for Second Quarter 2024, Payable on May 31, 2024 On April 22, 2024, the MSCI Board of Directors declared a cash dividend of $1.60 per share for second quarter 2024, payable on May 31, 2024 to shareholders of record as of the close of trading on May 17, 2024. 공시 • Apr 17
MSCI Inc. (NYSE:MSCI) completed the acquisition of Foxberry Ltd. MSCI Inc. (NYSE:MSCI) signed a purchase agreement to acquire Foxberry Ltd on February 7, 2024. The transaction is expected to close in the second quarter of 2024, subject to regulatory approvals and customary closing conditions. William J. Chudd, William Tong, Dominic Foulkes, Pritesh P. Shah, Mark Chalmers and Matthew Yeowart of Davis Polk & Wardwell LLP acted as legal advisor to MSCI Inc.
MSCI Inc. (NYSE:MSCI) completed the acquisition of Foxberry Ltd on April 17, 2024. 공시 • Apr 12
MSCI Inc. to Report Q1, 2024 Results on Apr 23, 2024 MSCI Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024 공시 • Mar 14
MSCI Inc., Annual General Meeting, Apr 23, 2024 MSCI Inc., Annual General Meeting, Apr 23, 2024, at 15:30 Eastern Standard Time. Agenda: To elect Directors; to consider the ratification of the Appointment of MSCI's Independent Auditor; to consider Shareholder Proposal to Report on "Chinese Military-Industry Companies" in Company Indices; and to consider the Advisory Vote to Approve Executive Compensation. 공시 • Mar 11
MSCI Inc. Appoints Chirantan “CJ” Desai to its Board of Directors MSCI Inc. announced that Chirantan “CJ” Desai, the President and Chief Operating Officer of ServiceNow Inc. has been appointed to serve as an independent director on MSCI’s Board of Directors effective March 11, 2024. Mr. Desai will serve as a member of the Strategy and Finance Committee of the Board. Following the appointment of Mr. Desai, the Board will be comprised of 13 directors. Chirantan “CJ” Desai currently serves as President and Chief Operating Officer at ServiceNow. He leads enterprise-wide operations to ensure business rigor — from innovation to execution. Prior to joining ServiceNow, Mr. Desai was the president of the Emerging Technologies Division at EMC where he had a full P&L responsibility for emerging technology products with a focus on launching and growing new businesses. From November 2004 to September 2013, Mr. Desai held several senior leadership roles at Symantec Corporation, including executive vice president of Information Management and senior vice president of Endpoint and Mobile Security. Mr. Desai began his career with Oracle Corp. and was a key member of the team that launched Oracle’s first cloud service. Mr. Desai has a Master’s degree in Computer Science and an MBA from the University of Illinois at Urbana-Champaign. Upcoming Dividend • Feb 08
Upcoming dividend of US$1.60 per share at 1.1% yield Eligible shareholders must have bought the stock before 15 February 2024. Payment date: 29 February 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (2.7%). 공시 • Feb 08
MSCI Inc. (NYSE:MSCI) signed a purchase agreement to acquire Foxberry Ltd. MSCI Inc. (NYSE:MSCI) signed a purchase agreement to acquire Foxberry Ltd on February 7, 2024. The transaction is expected to close in the second quarter of 2024, subject to regulatory approvals and customary closing conditions. 공시 • Feb 06
MSCI Inc. Announces the Launch of MSCI Private Company Data Connect MSCI Inc. announced the launch of MSCI Private Company Data Connect – a centralized hub that provides general partners access to private companies' sustainability and climate data and disclosures. MSCI Private Company Data Connect is designed to drive transparency and a common language for investors in private markets considering companies’ sustainability and climate data by enabling GPs to: Execute due diligence and risk management processes; Respond to client and regulatory sustainability reporting requirements; And develop sustainable value creation strategies, such as engagement and target-setting for their portfolio companies. Companies retain ownership of their self-reported data and can approve or decline data requests from GPs and lenders directly on the platform. MSCI Private Company Data Connect also allows companies to search for institutions and market participants that are active on the hub to proactively provide access to their data. MSCI Private Company Data Connect will leverage the template developed by the ESG Integrated Disclosure Project (“ESG IDP”) – an industry initiative bringing together leading lenders in the private credit and syndicated loan markets to improve transparency and accountability. The ESG IDP was formed by the Alternative Credit Council, the private credit affiliate of the Alternative Investment Management Association, the Loan Syndications and Trading Association, and the United Nations-supported Principles for Responsible Investment, in co-operation with a group of leading alternative asset managers, credit investors and a coalition of market stakeholders. MSCI Private Company Data Connect also helps companies without emissions data simplify carbon accounting through software from Persefoni AI Inc. (“Persefoni”), which provides technology to businesses and financial institutions. The Persefoni AI-powered, carbon measurement and reporting tool, Persefoni Pro, is a guided platform available for free to MSCI Private Company Data Connect users. MSCI Private Company Data Connect is available on MSCI ONE, a cloud-based technology platform that provides investors and companies access to MSCI’s portfolio of products and solutions. Declared Dividend • Feb 01
Fourth quarter dividend of US$1.60 announced Shareholders will receive a dividend of US$1.60. Ex-date: 15th February 2024 Payment date: 29th February 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 27% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 31
Full year 2023 earnings released: EPS: US$14.46 (vs US$10.78 in FY 2022) Full year 2023 results: EPS: US$14.46 (up from US$10.78 in FY 2022). Revenue: US$2.53b (up 13% from FY 2022). Net income: US$1.15b (up 32% from FY 2022). Profit margin: 45% (up from 39% in FY 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 16% per year. 공시 • Jan 30
MSCI Inc. Declares Cash Dividend for the First Quarter 2024, Payable on February 29, 2024 On January 29, 2024, MSCI Inc. board of directors declared a cash dividend of $1.60 per share for first quarter 2024, payable on February 29, 2024 to shareholders of record as of the close of trading on February 16, 2024. 공시 • Jan 06
MSCI Inc. to Report Q4, 2023 Results on Jan 30, 2024 MSCI Inc. announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Jan 30, 2024 공시 • Dec 20
MSCI Inc. (NYSE:MSCI) signed a purchase agreement to acquire Fabric RQ, Inc. MSCI Inc. (NYSE:MSCI) signed a purchase agreement to acquire Fabric RQ, Inc. on December 20, 2023. The financial impact of the transaction is not expected to be material to MSCI. The transaction is expected to close next quarter, subject to customary closing conditions. 공시 • Nov 30
Msci Appoints Jana Haines as Head of Index and as Member of Executive Committee MSCI Inc. announced that Jana Haines has joined the firm as Head of Index and as a member of MSCI’s Executive Committee. Based in New York, Ms. Haines will be responsible for the strategic development and execution of MSCI’s global Index product line. She will partner with senior leaders across the firm to manage the Index product development process. Ms. Haines will aim to drive innovation across index categories, including market cap, sustainability, climate, factors, thematics and asset classes, such as fixed income and private assets. Ms. Haines held a variety of senior leadership roles at MSCI from 2006 to 2021. Most recently, she served as Head of Index Product for Americas and EMEA, and Global Head of Fixed Income Indexes. Earlier in her tenure at MSCI, she held various roles within the Client Coverage team. Since 2021, Ms. Haines was the Chief Strategy Officer of ARK Investments, where she worked alongside CEO Cathie Wood. She was instrumental in ARK’s transition to a scalable business and expanding the firm’s global partnerships. Before she joined MSCI in 2006, Ms. Haines garnered diverse experience in financial markets at HypoVereinsbank and Richie Capital. She also co-founded the Private Equity Group in Prague. Ms. Haines holds an MBA from the University of Chicago Booth School of Business. 공시 • Nov 03
MSCI Inc. (NYSE:MSCI) acquired of Trove Research Ltd. MSCI Inc. (NYSE:MSCI) signed a purchase agreement to acquire Trove Research Ltd. on October 10, 2023. William J. Chudd, William Tong, Dominic Foulkes, Pritesh P. Shah and Neil Sharpe of Davis Polk & Wardwell LLP acted as legal advisor to MSCI Inc.
MSCI Inc. (NYSE:MSCI) completed the acquisition of Trove Research Ltd. on November 1, 2023. 공시 • Nov 01
MSCI Inc. Declares Dividend for Fourth Quarter 2023, Payable on November 30, 2023 On October 30, 2023, the MSCI Board of Directors declared a cash dividend of $1.38 per share for fourth quarter 2023, payable on November 30, 2023, to shareholders of record as of the close of trading on November 9, 2023. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$3.28 (vs US$2.69 in 3Q 2022) Third quarter 2023 results: EPS: US$3.28 (up from US$2.69 in 3Q 2022). Revenue: US$625.4m (up 12% from 3Q 2022). Net income: US$259.7m (up 20% from 3Q 2022). Profit margin: 42% (up from 39% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €570, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. 공시 • Oct 11
MSCI Inc. (NYSE:MSCI) signed a purchase agreement to acquire Trove Research Ltd. MSCI Inc. (NYSE:MSCI) signed a purchase agreement to acquire Trove Research Ltd. on October 10, 2023. 공시 • Oct 05
MSCI Inc. to Report Q3, 2023 Results on Oct 31, 2023 MSCI Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 31, 2023 공시 • Sep 13
Linda-Eling Lee Names as Founding Director and Head of MSCI Sustainability Institute MSCI Inc. announced the launch of the MSCI Sustainability Institute. The Institute aims to drive progress on the role of capital markets in creating sustainable value and tackling global challenges such as climate change.Linda-Eling Lee has been named Founding Director and Head of MSCI Sustainability Institute. Linda most recently led global ESG and climate research at MSCI, where she built an team of analysts dedicated to understanding long-term drivers of sustainable value and investment risk. She is widely recognized as an industry pioneer and established thought leader in the fields of ESG and sustainability and has been named one of the 100 Most Influential Women in U.S. Finance. Hiromichi Mizuno, who recently joined MSCI as a Special Advisor to the CEO, will advise MSCI Sustainability Institute in that capacity. He will help build the Institute’s advisory group, including leading investors, academics and other thought leaders. 공시 • Aug 30
MSCI Expands Partnership with Google Cloud to Accelerate Generative AI Solutions for the Investment Industry MSCI Inc. announced an expansion of its partnership with Google Cloud to accelerate the development of generative AI (gen AI) solutions for the investment industry. Powered by Google Cloud's gen AI platform Vertex AI and climate technology, including BigQuery Geospatial and Earth Engine, the solutions will help MSCI clients better manage portfolio risks and opportunities and make informed investment decisions. The partnership will focus on three key areas: Risk Signals:MSCI will combine its proprietary data and analytics with Google Cloud's gen AI solutions to provide an overview of portfolio and enterprise level risk designed to significantly reduce the time clients need to analyze and arrive at actionable insights. This solution will help portfolio and risk managers more easily synthesize and rapidly act on significant volumes of risk signals from their portfolios, while also fostering greater collaboration between risk and portfolio management teams to build more resilient portfolios. Conversational AI: Google Cloud's gen AI will also power MSCI's new conversational AI solution for its portfolio and risk management solutions. This capability will use natural language processing to simulate human language and generate responses that can enable clients to quickly answer questions and surface information about their portfolios and MSCI data, models, and solutions. Climate Generative AI:MSCI and Google Cloud will work together to leverage Google's gen AI technologies to help investors measure and manage portfolio exposure to climate risk and identify low carbon investment opportunities. With these advanced AI technologies, MSCI will make it easier for investors to identify, synthesize, and communicate the broad range of climate exposures across asset classes. 공시 • Aug 25
MSCI Inc. Announces Executive Changes On August 18, 2023, Jennifer H. Mak informed MSCI Inc. (“MSCI” or the “Company”) of her intention to resign as Global Controller, Head of Finance Operations and principal accounting officer of the Company, to pursue another opportunity. Her resignation was not the result of any disagreement with the Company on any matter relating to the Company’s financial statements, internal controls, operations, policies, or practices. Ms. Mak will remain with the Company through September 7, 2023 to help facilitate the transition of her responsibilities. In connection with Ms. Mak’s resignation, Andrew C. Wiechmann, the Company’s Chief Financial Officer, will assume the responsibilities of principal accounting officer on an interim basis, effective August 24, 2023. No new compensatory arrangements will be entered into with Mr. Wiechmann in connection with his assuming the responsibilities as the Company’s interim principal accounting officer. 공시 • Aug 15
MSCI Inc. (NYSE:MSCI) entered into a definitive agreement to acquire 66% The Burgiss Group, LLC for approximately $700 million. MSCI Inc. (NYSE:MSCI) entered into a definitive agreement to acquire 66% of The Burgiss Group, LLC for approximately $700 million on August 14, 2023. Transaction is subject to regulatory approvals and customary closing conditions. Transaction is expected to close in Q4, 2023. Davis Polk & Wardwell LLP acted as legal advisor to MSCI Inc. Upcoming Dividend • Aug 03
Upcoming dividend of US$1.38 per share at 1.0% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.1%). New Risk • Jul 30
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €1.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Negative equity (-US$1.2b). Significant insider selling over the past 3 months (€1.8m sold). Reported Earnings • Jul 26
Second quarter 2023 earnings released: EPS: US$3.10 (vs US$2.60 in 2Q 2022) Second quarter 2023 results: EPS: US$3.10 (up from US$2.60 in 2Q 2022). Revenue: US$621.2m (up 13% from 2Q 2022). Net income: US$246.8m (up 17% from 2Q 2022). Profit margin: 40% (up from 38% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year. 공시 • Jul 26
MSCI Inc. Declares Cash Dividend of $1.38 Per Share for Third Quarter 2023, Payable on August 31, 2023 MSCI Inc. declared a cash dividend of $1.38 per share for third quarter 2023, payable on August 31, 2023, to shareholders of record as of the close of trading on August 11, 2023. 공시 • Jul 04
MSCI Inc. to Report Q2, 2023 Results on Jul 25, 2023 MSCI Inc. announced that they will report Q2, 2023 results Pre-Market on Jul 25, 2023 Recent Insider Transactions • Jun 02
Chief Human Resources Officer recently sold €895k worth of stock On the 30th of May, Scott Crum sold around 2k shares on-market at roughly €447 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.9m more than they bought in the last 12 months. 공시 • May 04
Msci Inc. Announces That Ashley Lester Has Joined the Firm as Global Head of Research and as A Member of Msci’s Executive Committee MSCI Inc. announced that Ashley Lester has joined the firm as Global Head of Research and as a member of MSCI’s Executive Committee. Based in London, Mr. Lester will report to Baer Pettit, President. In this role, Mr. Lester will be responsible for the development of MSCI’s research across the firm’s product lines and client segments of asset managers, asset owners, banks, corporates, hedge funds, insurance companies, and wealth managers. He will partner closely with MSCI’s product, client coverage, technology, and marketing teams to ensure the continued development of innovative research, analysis, and solutions that aim to help investors navigate a rapidly transforming investment landscape. Mr. Lester joins MSCI with over a decade of extensive experience in business leadership, investment management, and multi-asset class investment research. Previously, he spent eight years at Schroders plc in London, most recently as the founding Head of Systematic Investments, in which he led a team managing over $20 billion in equity factor and ESG strategies. He had previously served in Schroders’ Multi-Asset Investment Group as Head of Multi-Asset Research, leading research into portfolio construction, asset allocation modeling, and capital market assumptions. Before Schroders, Mr. Lester spent two years at MSCI as the Head of Fixed Income and Multi-Asset Class Research, where he managed MSCI’s global team of researchers covering fixed income, multi-asset class modeling, and valuation, driving the research agenda for MSCI’s market-leading risk solutions. Before joining MSCI, Mr. Lester was Managing Director and Head of Market Risk Analytics at Morgan Stanley, spent several years as an Assistant Professor of Economics at Columbia Business School and Brown University, and served as a Graduate Economist at the Reserve Bank of Australia. He holds a Bachelor of Economics with First Class Honors and the University Medal from the University of Sydney and a PhD in Economics from Massachusetts Institute of Technology (MIT). Upcoming Dividend • May 04
Upcoming dividend of US$1.38 per share at 1.2% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 31 May 2023. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (3.0%). Reported Earnings • Apr 26
First quarter 2023 earnings released: EPS: US$2.98 (vs US$2.80 in 1Q 2022) First quarter 2023 results: EPS: US$2.98 (up from US$2.80 in 1Q 2022). Revenue: US$592.2m (up 5.8% from 1Q 2022). Net income: US$238.7m (up 4.5% from 1Q 2022). Profit margin: 40% (in line with 1Q 2022). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 16
Principal Accounting Officer recently sold €470k worth of stock On the 13th of February, Jennifer Mak sold around 900 shares on-market at roughly €522 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €488k. Insiders have been net sellers, collectively disposing of €8.4m more than they bought in the last 12 months. Upcoming Dividend • Feb 09
Upcoming dividend of US$1.38 per share at 1.0% yield Eligible shareholders must have bought the stock before 16 February 2023. Payment date: 28 February 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.7%). 공시 • Feb 08
MSCI Inc. Launches Tool for Companies to Analyze Their Sustainability Strategy Against Peers MSCI Inc. announced the launch of MSCI Corporate Sustainability Insights – a solution designed to increase corporate sustainability executives’ understanding of the ESG and climate challenges and opportunities facing their companies. MSCI Corporate Sustainability Insights gives executives at companies tracked by MSCI ESG Research the ability to measure and compare their ESG and climate data versus peers, while also identifying potential disclosure gaps through intuitive charts, graphs, and maps. Features of MSCI Corporate Sustainability Insights, managed by MSCI ESG Research LLC, are designed to give companies: Streamlined insights to support strategic planning and drive investor engagement through new visualizations of MSCI ESG Research risk and performance data, including a company’s ESG Ratings, ESG Controversies, and Sustainable Development Goals Net Alignment profiles; Views into their risk exposure and alignment with global temperature goals through MSCI ESG Research’s Climate Value-at-Risk and Implied Temperature Rise solutions; Help in identifying their potential disclosure gaps in carbon-related commitments through the MSCI Target Explorer tool; and Views into climate-related risks and opportunities compared with industry peers, based on the recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). MSCI ESG Research has measured and modeled the ESG performance of companies for over 40 years via extensive collection of publicly reported data and direct engagement with companies. The rising importance of ESG for investors and companies in recent years, as well as the higher level of regulatory reporting requirements, has led to greater data disclosure and dissemination from companies themselves to MSCI ESG Research. In 2022, 3,989 companies (43%) in the MSCI ACWI Investible Market Index interacted directly with MSCI ESG Research. As regulators have begun mandating TCFD-aligned rules, more companies are also making net-zero pledges. As of March 2022, 1,330 of the more than 2,900 constituents of the MSCI ACWI Index had set emission-reduction targets. Companies are also increasing their climate-related data disclosures in lock step with institutional investors that are moving towards net-zero and other ESG and climate investing goals. The number of data points related to climate change that companies submitted to MSCI ESG Research rose from 9,914 to 14,648 between 2021and 2022. Board Change • Feb 02
High number of new directors President, COO & Director C. D. Pettit was the last director to join the board, commencing their role in 2023. Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: US$10.78 (vs US$8.80 in FY 2021) Full year 2022 results: EPS: US$10.78 (up from US$8.80 in FY 2021). Revenue: US$2.25b (up 10.0% from FY 2021). Net income: US$870.6m (up 20% from FY 2021). Profit margin: 39% (up from 36% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year. 공시 • Jan 06
MSCI Inc. to Report Q4, 2022 Results on Jan 31, 2023 MSCI Inc. announced that they will report Q4, 2022 results at 9:30 AM, US Eastern Standard Time on Jan 31, 2023 Recent Insider Transactions • Dec 04
General Counsel recently sold €488k worth of stock On the 1st of December, Robert Gutowski sold around 1k shares on-market at roughly €488 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.5m. Insiders have been net sellers, collectively disposing of €7.9m more than they bought in the last 12 months. Recent Insider Transactions • Nov 19
Independent Director recently sold €1.2m worth of stock On the 16th of November, Catherine Kinney sold around 2k shares on-market at roughly €483 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.5m. Insiders have been net sellers, collectively disposing of €7.5m more than they bought in the last 12 months. Recent Insider Transactions • Nov 06
Chief Financial Officer recently sold €511k worth of stock On the 3rd of November, Andrew Wiechmann sold around 1k shares on-market at roughly €465 per share. This transaction amounted to 6.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €2.5m. This was Andrew's only on-market trade for the last 12 months. Upcoming Dividend • Nov 02
Upcoming dividend of US$1.25 per share Eligible shareholders must have bought the stock before 09 November 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (3.0%). Reported Earnings • Oct 26
Third quarter 2022 earnings released: EPS: US$2.69 (vs US$2.06 in 3Q 2021) Third quarter 2022 results: EPS: US$2.69 (up from US$2.06 in 3Q 2021). Revenue: US$560.6m (up 8.4% from 3Q 2021). Net income: US$216.6m (up 28% from 3Q 2021). Profit margin: 39% (up from 33% in 3Q 2021). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 12
Chief Human Resources Officer recently sold €2.5m worth of stock On the 8th of August, Scott Crum sold around 5k shares on-market at roughly €491 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.3m more than they bought in the last 12 months. Upcoming Dividend • Aug 04
Upcoming dividend of US$1.25 per share Eligible shareholders must have bought the stock before 11 August 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.0%). Reported Earnings • Jul 27
Second quarter 2022 earnings released: EPS: US$2.60 (vs US$2.01 in 2Q 2021) Second quarter 2022 results: EPS: US$2.60 (up from US$2.01 in 2Q 2021). Revenue: US$551.8m (up 11% from 2Q 2021). Net income: US$210.6m (up 27% from 2Q 2021). Profit margin: 38% (up from 33% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10% compared to a 7.9% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. 
