Pinnacle Associates Ltd. boosted its stake in Morgan Stanley (NYSE:MS) by 2.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 117,129 shares of the financial services provider’s stock after purchasing an additional 2,585 shares during the period. Pinnacle Associates Ltd.’s holdings in Morgan Stanley were worth $6,146,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Tennessee Treasury Department boosted its position in Morgan Stanley by 30.4% during the fourth quarter. State of Tennessee Treasury Department now owns 1,414,606 shares of the financial services provider’s stock valued at $74,225,000 after acquiring an additional 329,579 shares during the last quarter. First Republic Investment Management Inc. boosted its position in Morgan Stanley by 3.1% during the fourth quarter. First Republic Investment Management Inc. now owns 701,481 shares of the financial services provider’s stock valued at $36,807,000 after acquiring an additional 21,088 shares during the last quarter. Timber Hill LLC boosted its position in Morgan Stanley by 501.1% during the fourth quarter. Timber Hill LLC now owns 107,936 shares of the financial services provider’s stock valued at $5,663,000 after acquiring an additional 89,980 shares during the last quarter. FDx Advisors Inc. boosted its position in Morgan Stanley by 5.1% during the fourth quarter. FDx Advisors Inc. now owns 64,753 shares of the financial services provider’s stock valued at $3,398,000 after acquiring an additional 3,130 shares during the last quarter. Finally, ARP Americas LP bought a new stake in Morgan Stanley during the fourth quarter valued at $567,000. Institutional investors and hedge funds own 86.32% of the company’s stock.
Morgan Stanley (NYSE MS) opened at $56.07 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68. Morgan Stanley has a 1 year low of $40.06 and a 1 year high of $58.05. The stock has a market cap of $98,089.68, a PE ratio of 18.15, a PEG ratio of 0.95 and a beta of 1.54.
Morgan Stanley (NYSE:MS) last posted its earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.03%. The company had revenue of $9.50 billion for the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the business posted $0.81 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. research analysts forecast that Morgan Stanley will post 4.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.78%. Morgan Stanley’s dividend payout ratio is presently 32.36%.
In related news, insider Daniel A. Simkowitz sold 87,050 shares of the company’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $53.55, for a total value of $4,661,527.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $55.34, for a total transaction of $5,534,000.00. The disclosure for this sale can be found here. Insiders sold a total of 264,254 shares of company stock worth $14,335,019 in the last 90 days. 0.35% of the stock is currently owned by company insiders.
MS has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and set a $60.00 price target on shares of Morgan Stanley in a research report on Friday, January 19th. Wells Fargo & Co set a $55.00 price target on shares of Morgan Stanley and gave the company a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Wednesday, January 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $63.00 price target on shares of Morgan Stanley in a research report on Friday, December 22nd. Finally, UBS Group raised shares of Morgan Stanley to an “overweight” rating in a research report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $54.07.
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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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