D.A. Davidson & CO. increased its position in shares of Morgan Stanley (NYSE:MS) by 65.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,472 shares of the financial services provider’s stock after buying an additional 9,703 shares during the period. D.A. Davidson & CO.’s holdings in Morgan Stanley were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of MS. FMR LLC lifted its holdings in Morgan Stanley by 4.4% in the second 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 last quarter. Advisors Asset Management Inc. lifted its holdings in Morgan Stanley by 20.6% in the second quarter. Advisors Asset Management Inc. now owns 27,414 shares of the financial services provider’s stock valued at $1,299,000 after acquiring an additional 4,687 shares during the last quarter. Schroder Investment Management Group lifted its holdings in Morgan Stanley by 68.2% in the second quarter. Schroder Investment Management Group now owns 216,942 shares of the financial services provider’s stock valued at $10,476,000 after acquiring an additional 87,937 shares during the last quarter. Douglas Lane & Associates LLC lifted its holdings in Morgan Stanley by 5.8% in the third quarter. Douglas Lane & Associates LLC now owns 806,078 shares of the financial services provider’s stock valued at $37,539,000 after acquiring an additional 44,026 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in Morgan Stanley by 28.8% in the third quarter. Private Trust Co. NA now owns 14,019 shares of the financial services provider’s stock valued at $652,000 after acquiring an additional 3,137 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
In other news, insider Jeffrey S. Brodsky sold 15,565 shares of the company’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $43.38, for a total transaction of $675,209.70. Following the sale, the insider now owns 112,420 shares of the company’s stock, valued at $4,876,779.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.19% of the stock is owned by insiders.
Shares of NYSE MS opened at $42.45 on Wednesday. The company has a market capitalization of $73.04 billion, a price-to-earnings ratio of 9.21, a PEG 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 has a 52-week low of $36.74 and a 52-week high of $59.38.
Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, January 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). The firm had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $9.32 billion. Morgan Stanley had a net margin of 17.43% and a return on equity of 12.08%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. Analysts predict that Morgan Stanley will post 4.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, January 30th. Morgan Stanley’s payout ratio is 26.03%.
A number of research analysts recently commented on the company. Zacks Investment Research cut Morgan Stanley from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Wells Fargo & Co upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $56.00 to $60.00 in a report on Wednesday, October 24th. Societe Generale cut Morgan Stanley from a “hold” rating to a “sell” rating in a report on Friday, February 1st. Keefe, Bruyette & Woods cut Morgan Stanley from an “outperform” rating to a “hold” rating and set a $45.00 price objective on the stock. in a report on Tuesday, December 11th. Finally, Citigroup upgraded Morgan Stanley from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $50.00 to $48.00 in a report on Wednesday, January 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $56.38.
About Morgan Stanley
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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