Fox Run Management L.L.C. Grows Position in Morgan Stanley (MS)

Fox Run Management L.L.C. lifted its position in Morgan Stanley (NYSE:MS) by 148.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,905 shares of the financial services provider’s stock after acquiring an additional 10,705 shares during the period. Fox Run Management L.L.C.’s holdings in Morgan Stanley were worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC grew its position in Morgan Stanley by 5,268.0% during the 2nd quarter. Janus Henderson Group PLC now owns 9,590,843 shares of the financial services provider’s stock worth $427,365,000 after purchasing an additional 9,412,177 shares during the period. Epoch Investment Partners Inc. grew its position in Morgan Stanley by 92.0% during the 2nd quarter. Epoch Investment Partners Inc. now owns 9,653,836 shares of the financial services provider’s stock worth $430,175,000 after purchasing an additional 4,625,783 shares during the period. The Manufacturers Life Insurance Company grew its position in Morgan Stanley by 24.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,326,657 shares of the financial services provider’s stock worth $549,275,000 after purchasing an additional 2,427,130 shares during the period. Private Advisory Group LLC grew its position in Morgan Stanley by 27,510.6% during the 2nd quarter. Private Advisory Group LLC now owns 1,945,169 shares of the financial services provider’s stock worth $2,679,000 after purchasing an additional 1,938,124 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Morgan Stanley by 18.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,816,768 shares of the financial services provider’s stock worth $569,213,000 after purchasing an additional 1,828,697 shares during the period. 85.49% of the stock is currently owned by hedge funds and other institutional investors.

Morgan Stanley (NYSE:MS) opened at $55.84 on Friday. The firm has a market cap of $100,067.21, a PE ratio of 15.47, a P/E/G ratio of 0.92 and a beta of 1.65. Morgan Stanley has a 12 month low of $40.06 and a 12 month high of $55.99. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.07. The firm had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.25 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. Morgan Stanley’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $0.81 EPS. equities analysts anticipate that Morgan Stanley will post 3.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.79%. Morgan Stanley’s dividend payout ratio is presently 27.70%.

In other Morgan Stanley news, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the transaction, the president now directly owns 692,037 shares of the company’s stock, valued at approximately $35,010,151.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keishi Hotsuki sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. Insiders sold a total of 68,850 shares of company stock worth $3,463,367 over the last three months. Corporate insiders own 0.35% of the company’s stock.

Several equities research analysts have weighed in on MS shares. Berenberg Bank reaffirmed a “hold” rating and set a $40.00 price target on shares of Morgan Stanley in a research report on Thursday, September 21st. Compass Point restated a “sell” rating and set a $38.00 target price (up from $34.00) on shares of Morgan Stanley in a research report on Monday, September 25th. Credit Suisse Group upgraded Morgan Stanley from a “neutral” rating to an “outperform” rating and raised their target price for the company from $49.00 to $54.00 in a research report on Monday, October 9th. Citigroup restated a “neutral” rating and set a $50.00 target price (up from $46.00) on shares of Morgan Stanley in a research report on Monday, October 9th. Finally, Oppenheimer restated a “hold” rating on shares of Morgan Stanley in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $53.26.

COPYRIGHT VIOLATION NOTICE: “Fox Run Management L.L.C. Grows Position in Morgan Stanley (MS)” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/19/fox-run-management-l-l-c-grows-position-in-morgan-stanley-ms.html.

Morgan Stanley Company Profile

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

Want to see what other hedge funds are holding MS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Morgan Stanley (NYSE:MS).

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply