State of Tennessee Treasury Department raised its position in Morgan Stanley (NYSE:MS) by 30.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,414,606 shares of the financial services provider’s stock after buying an additional 329,579 shares during the quarter. State of Tennessee Treasury Department owned about 0.08% of Morgan Stanley worth $74,225,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the business. DSAM Partners London Ltd bought a new stake in shares of Morgan Stanley during the 3rd quarter valued at approximately $5,273,000. BB&T Corp grew its holdings in shares of Morgan Stanley by 9.7% during the 3rd quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock valued at $8,243,000 after purchasing an additional 15,162 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Morgan Stanley by 301.3% during the 3rd quarter. Stifel Financial Corp now owns 577,918 shares of the financial services provider’s stock valued at $27,842,000 after purchasing an additional 433,920 shares during the last quarter. CAPROCK Group Inc. bought a new stake in shares of Morgan Stanley during the 3rd quarter valued at approximately $220,000. Finally, Taylor Wealth Management Partners grew its holdings in shares of Morgan Stanley by 1,353.0% during the 4th quarter. Taylor Wealth Management Partners now owns 7,265 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 6,765 shares during the last quarter. 86.32% of the stock is currently owned by hedge funds and other institutional investors.
Morgan Stanley (NYSE MS) opened at $55.26 on Wednesday. The stock has a market cap of $99,900.00, a P/E ratio of 14.70, a PEG ratio of 0.95 and a beta of 1.54. Morgan Stanley has a 1 year low of $40.06 and a 1 year high of $58.05. 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 issued its quarterly earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 14.10% and a return on equity of 10.03%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.81 EPS. equities research analysts forecast that Morgan Stanley will post 4.51 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.81%. Morgan Stanley’s dividend payout ratio (DPR) is currently 26.60%.
In other news, Director Alistair Darling sold 3,850 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.29, for a total value of $189,766.50. Following the transaction, the director now owns 14,218 shares in the company, valued at approximately $700,805.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keishi Hotsuki sold 25,000 shares of the business’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 268,104 shares of company stock worth $14,524,785 in the last 90 days. Corporate insiders own 0.24% of the company’s stock.
Several equities research analysts recently issued reports on MS shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 price target on shares of Morgan Stanley in a report on Friday, December 22nd. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Monday, December 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Morgan Stanley in a report on Monday, November 20th. Vining Sparks reaffirmed a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a report on Monday, January 8th. Finally, Credit Suisse Group raised shares of Morgan Stanley to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Morgan Stanley has a consensus rating of “Buy” and an average price target of $54.07.
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Morgan Stanley 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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