Everence Capital Management Inc. Has $4.06 Million Stock Position in Morgan Stanley (NYSE:MS)

Everence Capital Management Inc. trimmed its holdings in shares of Morgan Stanley (NYSE:MS) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,291 shares of the financial services provider’s stock after selling 3,590 shares during the period. Everence Capital Management Inc.’s holdings in Morgan Stanley were worth $4,060,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Rosenberg Matthew Hamilton grew its holdings in Morgan Stanley by 2.6% in the third quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 96 shares during the period. Omnia Family Wealth LLC boosted its position in shares of Morgan Stanley by 3.3% during the 3rd quarter. Omnia Family Wealth LLC now owns 3,063 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 97 shares in the last quarter. Raab & Moskowitz Asset Management LLC grew its stake in shares of Morgan Stanley by 2.8% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 3,642 shares of the financial services provider’s stock valued at $380,000 after buying an additional 98 shares during the period. TFB Advisors LLC grew its stake in shares of Morgan Stanley by 3.9% in the 3rd quarter. TFB Advisors LLC now owns 2,662 shares of the financial services provider’s stock valued at $277,000 after buying an additional 99 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its position in Morgan Stanley by 0.3% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock valued at $3,529,000 after buying an additional 100 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Up 0.4 %

Shares of NYSE MS traded up $0.46 during midday trading on Friday, hitting $125.24. The stock had a trading volume of 1,144,654 shares, compared to its average volume of 3,003,944. The business’s 50 day moving average is $127.37 and its 200-day moving average is $111.19. Morgan Stanley has a 52 week low of $83.09 and a 52 week high of $136.24. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. The company has a market cap of $201.77 billion, a P/E ratio of 19.06, a PEG ratio of 1.18 and a beta of 1.35.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.31. The business had revenue of $15.38 billion for the quarter, compared to analysts’ expectations 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 7.33 EPS for the current year.

Morgan Stanley Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were issued a $0.925 dividend. The ex-dividend date was Thursday, October 31st. This represents a $3.70 annualized dividend and a yield of 2.95%. Morgan Stanley’s payout ratio is 56.32%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on MS. Barclays increased their price target on Morgan Stanley from $121.00 to $135.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Citigroup lifted their price objective on shares of Morgan Stanley from $105.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, November 25th. Keefe, Bruyette & Woods upped their target price on Morgan Stanley from $121.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Hsbc Global Res downgraded shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Wells Fargo & Company upgraded Morgan Stanley from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $107.00 to $142.00 in a research note on Friday, November 15th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $121.80.

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.