Good Life Advisors LLC bought a new position in shares of Morgan Stanley (NYSE:MS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,679 shares of the financial services provider’s stock, valued at approximately $304,000.
A number of other institutional investors and hedge funds also recently modified their holdings of MS. FMR LLC raised its stake in shares of Morgan Stanley by 4.4% in the 2nd quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock valued at $2,171,728,000 after acquiring an additional 1,936,093 shares during the period. Advisors Asset Management Inc. grew its holdings in Morgan Stanley by 20.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 27,414 shares of the financial services provider’s stock valued at $1,299,000 after purchasing an additional 4,687 shares in the last quarter. Schroder Investment Management Group grew its holdings in Morgan Stanley by 68.2% during the 2nd quarter. Schroder Investment Management Group now owns 216,942 shares of the financial services provider’s stock worth $10,476,000 after acquiring an additional 87,937 shares in the last quarter. Douglas Lane & Associates LLC grew its holdings in Morgan Stanley by 5.8% during the 3rd quarter. Douglas Lane & Associates LLC now owns 806,078 shares of the financial services provider’s stock worth $37,539,000 after acquiring an additional 44,026 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in Morgan Stanley by 28.8% during the 3rd quarter. Private Trust Co. NA now owns 14,019 shares of the financial services provider’s stock worth $652,000 after acquiring an additional 3,137 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 15,565 shares of the business’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $43.38, for a total transaction of $675,209.70. Following the sale, the insider now directly owns 112,420 shares in the company, valued at approximately $4,876,779.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by insiders.
MS has been the subject of several recent analyst reports. Vining Sparks reissued a “buy” rating and set a $60.00 price objective on shares of Morgan Stanley in a report on Tuesday, October 16th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Tuesday, November 20th. BMO Capital Markets decreased their price objective on shares of Morgan Stanley to $65.00 and set an “outperform” rating for the company in a report on Friday, January 18th. Oppenheimer raised shares of Morgan Stanley to an “outperform” rating and set a $62.00 price objective for the company in a report on Tuesday, October 16th. Finally, Wells Fargo & Co raised shares of Morgan Stanley to a “buy ms” rating in a report on Thursday, December 20th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $56.38.
MS stock opened at $42.45 on Wednesday. Morgan Stanley has a 52 week low of $36.74 and a 52 week high of $59.38. The stock has a market cap of $73.04 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.74 and a beta of 1.20. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). Morgan Stanley had a return on equity of 12.08% and a net margin of 17.43%. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $9.32 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. On average, research analysts expect that Morgan Stanley will post 4.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, January 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.83%. Morgan Stanley’s dividend payout ratio (DPR) is 26.03%.
Morgan Stanley Profile
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates Institutional Securities, Wealth Management, and Investment Management segments.
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