DekaBank Deutsche Girozentrale lowered its stake in Morgan Stanley (NYSE:MS) by 22.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 745,088 shares of the financial services provider’s stock after selling 219,543 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Morgan Stanley were worth $36,946,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Springhouse Capital Management LP bought a new position in shares of Morgan Stanley in the fourth quarter worth about $8,069,000. Lowe Brockenbrough & Co. Inc. raised its stake in shares of Morgan Stanley by 0.6% in the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 115,414 shares of the financial services provider’s stock worth $4,576,000 after buying an additional 735 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of Morgan Stanley by 31.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 88,206 shares of the financial services provider’s stock worth $3,497,000 after buying an additional 21,173 shares during the period. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Morgan Stanley in the first quarter worth about $827,000. Finally, AMG National Trust Bank bought a new position in shares of Morgan Stanley in the fourth quarter worth about $547,000. 83.86% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently commented on MS shares. Credit Suisse Group reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Morgan Stanley in a research note on Wednesday, February 20th. Royal Bank of Canada set a $60.00 target price on Morgan Stanley and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Co reiterated a “buy” rating on shares of Morgan Stanley in a research report on Wednesday, April 17th. ValuEngine upgraded Morgan Stanley from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Citigroup cut Morgan Stanley from a “buy” rating to a “neutral” rating and set a $48.00 target price for the company. in a research report on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $56.24.
NYSE:MS opened at $42.17 on Wednesday. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.80 and a quick ratio of 0.80. Morgan Stanley has a 12-month low of $36.74 and a 12-month high of $53.83. The stock has a market cap of $72.27 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 1.00 and a beta of 1.24.
Morgan Stanley (NYSE:MS) last released its earnings results on Wednesday, April 17th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.16. Morgan Stanley had a return on equity of 11.45% and a net margin of 16.75%. The firm had revenue of $10.29 billion during the quarter, compared to analysts’ expectations of $9.96 billion. During the same quarter last year, the business posted $1.45 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. As a group, research analysts anticipate that Morgan Stanley will post 4.79 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.85%. The ex-dividend date was Monday, April 29th. Morgan Stanley’s dividend payout ratio is presently 26.03%.
In other news, insider Daniel A. Simkowitz purchased 7,000 shares of the business’s stock in a transaction on Thursday, April 18th. The stock was acquired at an average price of $47.57 per share, for a total transaction of $332,990.00. Following the acquisition, the insider now directly owns 193,089 shares of the company’s stock, valued at approximately $9,185,243.73. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.23% of the company’s stock.
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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 through Institutional Securities, Wealth Management, and Investment Management segments.
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