Hartford Investment Management Co. Sells 2,101 Shares of Morgan Stanley (NYSE:MS)

Hartford Investment Management Co. decreased its holdings in Morgan Stanley (NYSE:MSFree Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,227 shares of the financial services provider’s stock after selling 2,101 shares during the period. Hartford Investment Management Co.’s holdings in Morgan Stanley were worth $7,947,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC increased its holdings in Morgan Stanley by 21.2% during the third quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock valued at $1,917,159,000 after buying an additional 4,098,577 shares during the period. Bank of New York Mellon Corp boosted its stake in Morgan Stanley by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 13,159,271 shares of the financial services provider’s stock valued at $1,074,718,000 after acquiring an additional 415,531 shares in the last quarter. Northern Trust Corp boosted its stake in Morgan Stanley by 2.2% in the third quarter. Northern Trust Corp now owns 13,107,965 shares of the financial services provider’s stock valued at $1,070,528,000 after acquiring an additional 277,909 shares in the last quarter. Norges Bank acquired a new stake in Morgan Stanley in the fourth quarter valued at approximately $956,566,000. Finally, Moneta Group Investment Advisors LLC boosted its stake in Morgan Stanley by 125,756.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,641,190 shares of the financial services provider’s stock valued at $904,714,000 after acquiring an additional 10,632,735 shares in the last quarter. Institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Up 0.8 %

Shares of NYSE MS traded up $0.73 during mid-day trading on Wednesday, reaching $93.44. The company had a trading volume of 2,363,801 shares, compared to its average volume of 8,731,897. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.89. The firm has a 50 day simple moving average of $87.97 and a two-hundred day simple moving average of $84.34. The stock has a market cap of $152.80 billion, a P/E ratio of 18.06, a PEG ratio of 1.89 and a beta of 1.43. Morgan Stanley has a 52-week low of $69.42 and a 52-week high of $95.57.

Morgan Stanley (NYSE:MSGet Free Report) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.06. The firm had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.77 billion. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.36%. Morgan Stanley’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 EPS. Sell-side analysts predict that Morgan Stanley will post 6.35 earnings per share for the current year.

Morgan Stanley Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were paid a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Tuesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is presently 65.76%.

Insider Transactions at Morgan Stanley

In other news, Chairman James P. Gorman sold 100,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $87.30, for a total value of $8,730,000.00. Following the completion of the sale, the chairman now owns 350,000 shares in the company, valued at approximately $30,555,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Raja Akram sold 7,000 shares of Morgan Stanley stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $83.56, for a total transaction of $584,920.00. Following the completion of the sale, the chief financial officer now directly owns 97,634 shares in the company, valued at $8,158,297.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $87.30, for a total transaction of $8,730,000.00. Following the sale, the chairman now owns 350,000 shares of the company’s stock, valued at $30,555,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,155 shares of company stock worth $18,149,314. Company insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $91.00 target price on shares of Morgan Stanley in a research report on Wednesday, March 27th. BMO Capital Markets boosted their target price on shares of Morgan Stanley from $106.00 to $107.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 17th. Oppenheimer cut their target price on shares of Morgan Stanley from $109.00 to $97.00 and set an “outperform” rating for the company in a research note on Tuesday, March 19th. TheStreet raised shares of Morgan Stanley from a “c+” rating to a “b” rating in a research note on Wednesday, March 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Morgan Stanley from $89.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Thirteen research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $94.45.

Get Our Latest Stock Analysis on MS

Morgan Stanley Profile

(Free Report)

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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