Jaffetilchin Investment Partners LLC raised its stake in Morgan Stanley (NYSE:MS) by 263.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,324 shares of the financial services provider’s stock after purchasing an additional 13,280 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in Morgan Stanley were worth $961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of MS. First Citizens Bank & Trust Co. lifted its holdings in Morgan Stanley by 16.7% in the fourth quarter. First Citizens Bank & Trust Co. now owns 61,144 shares of the financial services provider’s stock valued at $3,208,000 after acquiring an additional 8,754 shares during the period. Sit Investment Associates Inc. purchased a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $32,409,000. New England Research & Management Inc. purchased a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $1,005,000. QUANTRES ASSET MANAGEMENT Ltd purchased a new stake in shares of Morgan Stanley in the fourth quarter valued at approximately $551,000. Finally, AXA increased its position in shares of Morgan Stanley by 7.2% in the third quarter. AXA now owns 419,823 shares of the financial services provider’s stock valued at $20,223,000 after buying an additional 28,082 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.
Morgan Stanley (NYSE:MS) traded down $1.97 on Friday, hitting $55.48. The stock had a trading volume of 9,780,409 shares, compared to its average volume of 8,490,000. Morgan Stanley has a fifty-two week low of $40.06 and a fifty-two week high of $58.05. The stock has a market cap of $100,300.00, a P/E ratio of 17.95, a P/E/G ratio of 0.97 and a beta of 1.54. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.25 billion. Morgan Stanley had a return on equity of 10.03% and a net margin of 14.10%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.81 EPS. analysts forecast that Morgan Stanley will post 4.51 EPS for the current year.
The company 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 dividend of $0.25 per share. The ex-dividend date is Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a yield of 1.80%. Morgan Stanley’s dividend payout ratio is presently 32.36%.
Several analysts recently commented on MS shares. Royal Bank of Canada reiterated a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a research report on Friday, January 19th. Wells Fargo & Co set a $55.00 price target on Morgan Stanley and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Wednesday, January 3rd. Barclays upped their target price on Morgan Stanley from $48.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Finally, Credit Suisse Group upgraded Morgan Stanley from a “neutral” rating to an “outperform” rating and upped their target price for the company from $49.00 to $54.00 in a report on Monday, October 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $54.07.
In other Morgan Stanley news, Director Alistair Darling sold 3,850 shares of the stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $49.29, for a total transaction of $189,766.50. Following the completion of the sale, the director now directly owns 14,218 shares of the company’s stock, valued at approximately $700,805.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Keishi Hotsuki sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. The disclosure for this sale can be found here. Company insiders own 0.35% of the company’s stock.
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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.
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