DnB Asset Management AS boosted its position in Morgan Stanley (NYSE:MS) by 33.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 850,296 shares of the financial services provider’s stock after purchasing an additional 211,359 shares during the period. DnB Asset Management AS’s holdings in Morgan Stanley were worth $66,034,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley raised its stake in Morgan Stanley by 105.8% in the 3rd quarter. Morgan Stanley now owns 58,405 shares of the financial services provider’s stock valued at $2,825,000 after acquiring an additional 30,024 shares during the period. Great West Life Assurance Co. Can lifted its stake in shares of Morgan Stanley by 11.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 2,086,828 shares of the financial services provider’s stock valued at $100,956,000 after buying an additional 212,148 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in Morgan Stanley by 5,054.1% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 352,698 shares of the financial services provider’s stock worth $17,053,000 after buying an additional 345,855 shares during the period. IHT Wealth Management LLC purchased a new position in Morgan Stanley in the 3rd quarter valued at approximately $207,000. Finally, Paces Ferry Wealth Advisors LLC purchased a new position in Morgan Stanley in the 3rd quarter valued at approximately $293,000. 76.79% of the stock is owned by institutional investors and hedge funds.
Morgan Stanley stock opened at $78.59 on Friday. Morgan Stanley has a fifty-two week low of $35.53 and a fifty-two week high of $86.64. The stock’s 50 day simple moving average is $80.54 and its two-hundred day simple moving average is $67.59. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $147.01 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 2.17 and a beta of 1.59.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Friday, April 16th. The financial services provider reported $2.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.47. The company had revenue of $15.72 billion for the quarter, compared to analyst estimates of $13.48 billion. Morgan Stanley had a return on equity of 12.33% and a net margin of 19.16%. The firm’s revenue was up 65.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.01 earnings per share. On average, analysts predict that Morgan Stanley will post 5.93 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Stockholders of record on Friday, April 30th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend is Thursday, April 29th. Morgan Stanley’s dividend payout ratio is presently 28.11%.
A number of research firms have recently commented on MS. DA Davidson raised their price target on Morgan Stanley from $80.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, January 21st. BMO Capital Markets raised their target price on Morgan Stanley from $78.00 to $81.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 20th. Daiwa Capital Markets upgraded Morgan Stanley from a “neutral” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Monday, March 8th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research report on Monday, January 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Morgan Stanley from $68.00 to $79.00 and gave the company a “hold” rating in a research note on Thursday, April 1st. Six equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $70.65.
In related news, CEO James P. Gorman sold 175,000 shares of the firm’s stock in a transaction that occurred on Friday, January 22nd. The stock was sold at an average price of $73.12, for a total transaction of $12,796,000.00. Following the completion of the transaction, the chief executive officer now owns 1,249,000 shares of the company’s stock, valued at approximately $91,326,880. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jeffrey S. Brodsky sold 18,500 shares of Morgan Stanley stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $74.57, for a total value of $1,379,545.00. Following the transaction, the insider now owns 174,603 shares of the company’s stock, valued at approximately $13,020,145.71. The disclosure for this sale can be found here. Over the last quarter, insiders sold 212,380 shares of company stock valued at $15,582,671. 0.26% of the stock is owned by company insiders.
Morgan Stanley 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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