Fosun International Ltd acquired a new position in shares of Morgan Stanley (NYSE:MS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,041 shares of the financial services provider’s stock, valued at approximately $596,000.
Other institutional investors also recently bought and sold shares of the company. CWM LLC increased its stake in Morgan Stanley by 72.6% during the 4th quarter. CWM LLC now owns 799 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 336 shares during the period. San Francisco Sentry Investment Group CA increased its stake in Morgan Stanley by 63.7% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,002 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 390 shares during the period. Vigilant Capital Management LLC increased its stake in Morgan Stanley by 183.8% during the 4th quarter. Vigilant Capital Management LLC now owns 1,158 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 750 shares during the period. Girard Partners LTD. bought a new position in Morgan Stanley during the 3rd quarter worth $115,000. Finally, Harvest Fund Management Co. Ltd increased its stake in Morgan Stanley by 108.8% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock worth $131,000 after acquiring an additional 1,467 shares during the period. Hedge funds and other institutional investors own 84.98% of the company’s stock.
Shares of MS stock opened at $41.82 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a fifty-two week low of $36.74 and a fifty-two week high of $59.38. The firm has a market capitalization of $72.76 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.74 and a beta of 1.21.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, January 17th. The financial services provider reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.17). Morgan Stanley had a net margin of 17.43% and a return on equity of 12.08%. The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $9.32 billion. During the same period last year, the business earned $0.84 EPS. The company’s revenue was down 10.0% compared to the same quarter last year. On average, analysts forecast that Morgan Stanley will post 4.99 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend is Wednesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is 26.03%.
In related news, insider Jeffrey S. Brodsky sold 15,565 shares of the firm’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $43.38, for a total transaction of $675,209.70. Following the sale, the insider now owns 112,420 shares of the company’s stock, valued at approximately $4,876,779.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.
A number of equities research analysts have weighed in on MS shares. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Tuesday, November 20th. Vining Sparks reaffirmed a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a report on Tuesday, October 16th. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and reduced their target price for the company from $50.00 to $48.00 in a report on Wednesday, January 9th. Wells Fargo & Co raised Morgan Stanley to a “buy ms” rating in a report on Thursday, December 20th. Finally, Barclays reduced their target price on Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $56.38.
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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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