Fort Washington Investment Advisors Inc. OH reduced its stake in Morgan Stanley (NYSE:MS) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 639,780 shares of the financial services provider’s stock after selling 2,277 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Morgan Stanley were worth $25,368,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MS. FMR LLC raised its position in shares of Morgan Stanley by 4.4% in the 2nd quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock worth $2,171,728,000 after purchasing an additional 1,936,093 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Morgan Stanley by 20.6% in the 2nd quarter. Advisors Asset Management Inc. now owns 27,414 shares of the financial services provider’s stock worth $1,299,000 after purchasing an additional 4,687 shares during the last quarter. Schroder Investment Management Group raised its position in shares of Morgan Stanley by 68.2% in the 2nd quarter. Schroder Investment Management Group now owns 216,942 shares of the financial services provider’s stock worth $10,476,000 after purchasing an additional 87,937 shares during the last quarter. Atria Investments LLC raised its position in shares of Morgan Stanley by 13.9% in the 3rd quarter. Atria Investments LLC now owns 29,617 shares of the financial services provider’s stock worth $1,379,000 after purchasing an additional 3,624 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Morgan Stanley by 2.6% in the 3rd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 123,742 shares of the financial services provider’s stock worth $5,762,000 after purchasing an additional 3,109 shares during the last quarter. 85.67% of the stock is currently owned by institutional investors.
MS has been the subject of a number of recent analyst reports. Vining Sparks reissued a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a research report on Tuesday, October 16th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Tuesday, November 20th. BMO Capital Markets decreased their target price on Morgan Stanley to $65.00 and set an “outperform” rating for the company in a research report on Friday, January 18th. Oppenheimer raised Morgan Stanley to an “outperform” rating and set a $62.00 target price for the company in a research report on Tuesday, October 16th. Finally, Wells Fargo & Co raised Morgan Stanley to a “buy ms” rating in a research report on Thursday, December 20th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.38.
Morgan Stanley stock opened at $40.81 on Monday. The stock has a market cap of $70.20 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.71 and a beta of 1.20. Morgan Stanley has a 52-week low of $36.74 and a 52-week high of $59.38. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.67.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.17). The firm had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $9.32 billion. Morgan Stanley had a net margin of 17.43% and a return on equity of 12.08%. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 earnings per share. On average, sell-side analysts expect that Morgan Stanley will post 4.99 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.30 per share. The ex-dividend date is Wednesday, January 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.94%. Morgan Stanley’s dividend payout ratio is currently 26.03%.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 15,565 shares of the business’s stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $43.38, for a total transaction of $675,209.70. Following the completion of the sale, the insider now directly owns 112,420 shares in the company, valued at approximately $4,876,779.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.19% of the company’s stock.
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About Morgan Stanley
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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