Granite Investment Advisors LLC purchased a new position in shares of Morgan Stanley (NYSE:MS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,029 shares of the financial services provider’s stock, valued at approximately $211,000.
Several other institutional investors also recently added to or reduced their stakes in MS. Raymond James Financial Services Advisors Inc. raised its stake in shares of Morgan Stanley by 12.2% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 52,043 shares of the financial services provider’s stock worth $2,507,000 after purchasing an additional 5,674 shares during the last quarter. Annex Advisory Services LLC purchased a new position in Morgan Stanley in the third quarter worth $952,000. Oregon Public Employees Retirement Fund raised its position in Morgan Stanley by 96.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 543,621 shares of the financial services provider’s stock worth $26,186,000 after acquiring an additional 266,402 shares in the last quarter. Fiduciary Trust Co. raised its position in Morgan Stanley by 12.0% in the third quarter. Fiduciary Trust Co. now owns 83,478 shares of the financial services provider’s stock worth $4,021,000 after acquiring an additional 8,931 shares in the last quarter. Finally, Telos Capital Management Inc. raised its position in Morgan Stanley by 4.2% in the third quarter. Telos Capital Management Inc. now owns 58,494 shares of the financial services provider’s stock worth $2,818,000 after acquiring an additional 2,378 shares in the last quarter. Institutional investors and hedge funds own 86.07% of the company’s stock.
Shares of Morgan Stanley (MS) traded down $0.94 during mid-day trading on Wednesday, hitting $57.09. The stock had a trading volume of 4,953,580 shares, compared to its average volume of 9,547,306. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $102,920.00, a PE ratio of 15.92, a P/E/G ratio of 1.02 and a beta of 1.49. Morgan Stanley has a twelve month low of $40.06 and a twelve month high of $59.38.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.07. The business had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.25 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 14.10%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 earnings per share. analysts forecast that Morgan Stanley will post 4.51 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, January 30th. Morgan Stanley’s payout ratio is currently 27.70%.
In related news, CFO Jonathan Pruzan sold 52,204 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.35, for a total transaction of $2,889,491.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman James P. Gorman sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $55.34, for a total value of $5,534,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 239,254 shares of company stock worth $13,085,019. Corporate insiders own 0.24% of the company’s stock.
MS has been the subject of several research analyst reports. Keefe, Bruyette & Woods upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a research report on Tuesday, December 12th. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Wednesday, January 3rd. Barclays increased their price objective on Morgan Stanley from $52.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Societe Generale cut Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Vining Sparks reiterated a “buy” rating and issued a $60.00 price objective on shares of Morgan Stanley in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $54.07.
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About Morgan Stanley
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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