Nippon Life Global Investors Americas Inc. lifted its stake in shares of Morgan Stanley (NYSE:MS) by 28.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 255,710 shares of the financial services provider’s stock after acquiring an additional 57,010 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Morgan Stanley were worth $11,908,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in MS. Private Trust Co. NA purchased a new position in shares of Morgan Stanley during the 2nd quarter worth about $515,000. New England Research & Management Inc. lifted its holdings in shares of Morgan Stanley by 50.8% during the 2nd quarter. New England Research & Management Inc. now owns 34,272 shares of the financial services provider’s stock worth $1,624,000 after acquiring an additional 11,550 shares during the period. Gulf International Bank UK Ltd lifted its holdings in shares of Morgan Stanley by 1.5% during the 2nd quarter. Gulf International Bank UK Ltd now owns 437,184 shares of the financial services provider’s stock worth $20,722,000 after acquiring an additional 6,551 shares during the period. DnB Asset Management AS lifted its holdings in shares of Morgan Stanley by 2.5% during the 2nd quarter. DnB Asset Management AS now owns 165,116 shares of the financial services provider’s stock worth $7,826,000 after acquiring an additional 4,100 shares during the period. Finally, Cape Cod Five Cents Savings Bank purchased a new position in shares of Morgan Stanley during the 2nd quarter worth about $284,000. Institutional investors and hedge funds own 84.49% of the company’s stock.
In other news, major shareholder Stanley Morgan sold 327 shares of Morgan Stanley stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $23,000.00, for a total transaction of $7,521,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.19% of the company’s stock.
MS opened at $45.89 on Friday. The company has a market cap of $77.64 billion, a PE ratio of 12.75, a PEG ratio of 0.77 and a beta of 1.42. Morgan Stanley has a 52-week low of $42.88 and a 52-week high of $59.38. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.83 and a current ratio of 0.83.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.16. The company had revenue of $9.87 billion for the quarter, compared to analyst estimates of $9.55 billion. Morgan Stanley had a net margin of 15.93% and a return on equity of 12.53%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. Equities research analysts predict that Morgan Stanley will post 4.94 EPS for the current fiscal year.
Morgan Stanley announced that its board has authorized a share repurchase program on Wednesday, July 18th that authorizes the company to buyback $4.70 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 5.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.61%. Morgan Stanley’s dividend payout ratio is currently 33.33%.
Several research analysts have recently weighed in on the stock. Sandler O’Neill reiterated a “hold” rating and set a $51.00 price objective on shares of Morgan Stanley in a report on Friday, July 13th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a report on Tuesday, July 24th. ValuEngine upgraded shares of Morgan Stanley from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Wells Fargo & Co upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and raised their price target for the company from $56.00 to $60.00 in a report on Wednesday, October 24th. Finally, Citigroup cut their price target on shares of Morgan Stanley from $58.00 to $56.00 and set a “neutral” rating on the stock in a report on Friday, July 20th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $58.82.
Morgan Stanley Company Profile
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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