State Street Corp Has $11.50 Billion Stake in Morgan Stanley (NYSE:MS)

State Street Corp raised its stake in Morgan Stanley (NYSE:MS) by 0.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,279,349 shares of the financial services provider’s stock after acquiring an additional 10,586 shares during the quarter. State Street Corp owned approximately 6.85% of Morgan Stanley worth $11,495,519,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its holdings in Morgan Stanley by 0.8% in the third quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider’s stock valued at $491,159,000 after buying an additional 36,120 shares during the period. Resonant Capital Advisors LLC lifted its holdings in Morgan Stanley by 17.8% in the second quarter. Resonant Capital Advisors LLC now owns 5,768 shares of the financial services provider’s stock valued at $561,000 after buying an additional 871 shares during the period. Natixis Advisors LLC lifted its holdings in Morgan Stanley by 1.4% in the third quarter. Natixis Advisors LLC now owns 1,152,937 shares of the financial services provider’s stock valued at $120,182,000 after buying an additional 16,350 shares during the period. German American Bancorp Inc. lifted its holdings in Morgan Stanley by 8.0% in the third quarter. German American Bancorp Inc. now owns 77,420 shares of the financial services provider’s stock valued at $8,070,000 after buying an additional 5,738 shares during the period. Finally, Catalytic Wealth RIA LLC acquired a new position in Morgan Stanley in the third quarter valued at $579,000. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Performance

Shares of NYSE MS opened at $129.99 on Thursday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. The company has a 50 day simple moving average of $120.97 and a two-hundred day simple moving average of $107.05. Morgan Stanley has a 12 month low of $79.32 and a 12 month high of $136.24. The stock has a market cap of $209.42 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.21 and a beta of 1.35.

Morgan Stanley (NYSE:MS) last announced its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.31. The business had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. As a group, analysts predict that Morgan Stanley will post 7.32 earnings per share for the current year.

Morgan Stanley Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were paid a dividend of $0.925 per share. The ex-dividend date was Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.85%. Morgan Stanley’s dividend payout ratio is currently 56.32%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Keefe, Bruyette & Woods raised their price target on shares of Morgan Stanley from $121.00 to $138.00 and gave the stock a “market perform” rating in a research note on Tuesday. Barclays raised their price target on shares of Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. HSBC lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating and raised their price target for the stock from $128.00 to $131.00 in a research note on Tuesday, November 26th. Finally, Jefferies Financial Group lifted their target price on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $120.67.

Insider Activity at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total value of $7,150,200.00. Following the transaction, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. This trade represents a 30.25 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.