Calton & Associates Inc. acquired a new stake in Morgan Stanley (NYSE:MS) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 7,825 shares of the financial services provider’s stock, valued at approximately $445,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James Trust N.A. boosted its position in shares of Morgan Stanley by 9.9% in the 4th quarter. Raymond James Trust N.A. now owns 14,787 shares of the financial services provider’s stock worth $776,000 after purchasing an additional 1,330 shares during the last quarter. Dowling & Yahnke LLC lifted its holdings in Morgan Stanley by 1.8% during the fourth quarter. Dowling & Yahnke LLC now owns 100,554 shares of the financial services provider’s stock worth $5,276,000 after acquiring an additional 1,790 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in Morgan Stanley by 2.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 257,701 shares of the financial services provider’s stock worth $13,522,000 after acquiring an additional 7,291 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in Morgan Stanley during the fourth quarter worth about $790,000. Finally, Moody Lynn & Lieberson LLC bought a new position in Morgan Stanley during the fourth quarter worth about $7,101,000. Hedge funds and other institutional investors own 86.55% of the company’s stock.
Morgan Stanley (MS) traded up $0.81 on Wednesday, hitting $54.20. The company’s stock had a trading volume of 4,095,846 shares, compared to its average volume of 9,934,766. Morgan Stanley has a 1 year low of $40.06 and a 1 year high of $58.05. The firm has a market cap of $98,200.00, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74.
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, beating the Thomson Reuters’ consensus estimate 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 company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.81 EPS. research analysts expect that Morgan Stanley will post 4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, January 30th. Morgan Stanley’s dividend payout ratio is currently 32.36%.
Several research firms have weighed in on MS. Societe Generale set a $61.00 target price on Morgan Stanley and gave the stock a “neutral” rating in a report on Monday, January 22nd. Royal Bank of Canada reiterated a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a report on Friday, January 19th. Atlantic Securities upgraded Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 target price on the stock in a report on Wednesday, January 10th. UBS Group upgraded Morgan Stanley to an “overweight” rating in a report on Wednesday, January 10th. Finally, Credit Suisse Group upgraded Morgan Stanley to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.07.
In related news, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $49.29, for a total value of $189,766.50. Following the sale, the director now owns 14,218 shares of the company’s stock, valued at $700,805.22. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Keishi Hotsuki sold 25,000 shares of Morgan Stanley stock in a transaction dated Tuesday, November 28th. The shares were 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. 0.24% of the stock is currently owned by insiders.
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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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