Earnest Partners LLC lessened its holdings in Morgan Stanley (NYSE:MS) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 492,654 shares of the financial services provider’s stock after selling 25,919 shares during the quarter. Earnest Partners LLC’s holdings in Morgan Stanley were worth $25,850,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Exane Derivatives grew its holdings in Morgan Stanley by 303.9% in the 4th quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 1,489 shares during the last quarter. First Dallas Securities Inc. bought a new stake in Morgan Stanley in the 4th quarter worth $121,000. Invictus RG grew its holdings in Morgan Stanley by 307.5% in the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 1,762 shares during the last quarter. Rational Advisors LLC bought a new stake in Morgan Stanley in the 3rd quarter worth $116,000. Finally, Zions Bancorporation grew its holdings in Morgan Stanley by 176.1% in the 3rd quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 1,571 shares during the last quarter. Institutional investors own 86.07% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) opened at $58.03 on Wednesday. Morgan Stanley has a 52 week low of $40.06 and a 52 week high of $59.38. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $105,557.65, a PE ratio of 18.78, a P/E/G ratio of 1.02 and a beta of 1.50.
The firm 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 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, January 30th. Morgan Stanley’s payout ratio is currently 32.36%.
A number of brokerages have issued reports on MS. Atlantic Securities raised shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a report on Wednesday, January 10th. UBS Group raised shares of Morgan Stanley to an “overweight” rating in a report on Wednesday, January 10th. Credit Suisse Group raised shares of Morgan Stanley to a “buy” rating and set a $58.00 price target on the stock in a report on Thursday, January 4th. Societe Generale set a $61.00 price target on shares of Morgan Stanley and gave the stock a “neutral” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a report on Friday, January 19th. One 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 given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.07.
In other Morgan Stanley news, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $55.34, for a total value of $5,534,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel A. Simkowitz sold 87,050 shares of Morgan Stanley stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $53.55, for a total transaction of $4,661,527.50. The disclosure for this sale can be found here. Insiders have sold 239,254 shares of company stock worth $13,085,019 in the last three months. 0.24% of the stock is currently owned by insiders.
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Morgan Stanley Company Profile
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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