Quilter Plc lifted its holdings in Morgan Stanley (NYSE:MS – Free Report) by 59.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,595 shares of the financial services provider’s stock after purchasing an additional 3,580 shares during the quarter. Quilter Plc’s holdings in Morgan Stanley were worth $1,206,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC lifted its position in shares of Morgan Stanley by 1.1% in the third quarter. Geode Capital Management LLC now owns 25,240,729 shares of the financial services provider’s stock worth $2,621,140,000 after purchasing an additional 269,633 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Morgan Stanley by 2.7% in the third quarter. Fisher Asset Management LLC now owns 22,404,981 shares of the financial services provider’s stock worth $2,335,495,000 after purchasing an additional 590,872 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Morgan Stanley by 4.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,454,177 shares of the financial services provider’s stock worth $881,263,000 after purchasing an additional 385,780 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Morgan Stanley by 75.2% in the third quarter. Franklin Resources Inc. now owns 7,850,848 shares of the financial services provider’s stock worth $881,493,000 after purchasing an additional 3,369,520 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of 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 worth $491,159,000 after purchasing an additional 36,120 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.
Insider Activity at Morgan Stanley
In other Morgan Stanley news, insider Eric F. Grossman sold 13,097 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $136.20, for a total transaction of $1,783,811.40. Following the sale, the insider now directly owns 197,444 shares in the company, valued at $26,891,872.80. This represents a 6.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Raja Akram sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $136.01, for a total transaction of $2,380,175.00. Following the completion of the sale, the chief financial officer now owns 81,440 shares in the company, valued at approximately $11,076,654.40. The trade was a 17.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.
Morgan Stanley Trading Down 0.8 %
Morgan Stanley (NYSE:MS – Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $2.22 EPS for the quarter, beating the consensus estimate of $1.54 by $0.68. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The business had revenue of $16.23 billion for the quarter, compared to the consensus estimate of $15.03 billion. During the same period in the prior year, the company posted $1.13 earnings per share. Morgan Stanley’s revenue was up 25.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Morgan Stanley will post 8.56 earnings per share for the current year.
Morgan Stanley Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a $0.925 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.70 annualized dividend and a dividend yield of 2.65%. Morgan Stanley’s dividend payout ratio (DPR) is presently 46.60%.
Wall Street Analysts Forecast Growth
MS has been the topic of a number of research reports. UBS Group boosted their price objective on shares of Morgan Stanley from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price target on shares of Morgan Stanley from $138.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, January 17th. The Goldman Sachs Group upped their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their price target on shares of Morgan Stanley from $104.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, January 13th. Finally, Bank of America upped their price target on shares of Morgan Stanley from $146.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. 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.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $131.27.
Check Out Our Latest Report on MS
Morgan Stanley Company 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.
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