Overbrook Management Corp purchased a new position in Morgan Stanley (NYSE:MS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,764 shares of the financial services provider’s stock, valued at approximately $203,000.
Other institutional investors have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Morgan Stanley by 406.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,869 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,500 shares during the last quarter. First Dallas Securities Inc. acquired a new position in shares of Morgan Stanley during the fourth quarter valued at approximately $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Morgan Stanley by 119.4% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,800 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 1,524 shares during the last quarter. Risk Paradigm Group LLC raised its holdings in shares of Morgan Stanley by 624.8% during the fourth quarter. Risk Paradigm Group LLC now owns 2,899 shares of the financial services provider’s stock valued at $152,000 after acquiring an additional 2,499 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in shares of Morgan Stanley by 120.2% during the first quarter. AdvisorNet Financial Inc now owns 3,114 shares of the financial services provider’s stock valued at $168,000 after acquiring an additional 1,700 shares during the last quarter. 85.27% of the stock is owned by institutional investors and hedge funds.
MS has been the subject of a number of research analyst reports. Sanford C. Bernstein initiated coverage on Morgan Stanley in a report on Monday, April 9th. They set an “underperform” rating and a $51.00 target price for the company. Credit Suisse Group increased their price target on Morgan Stanley from $61.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, April 19th. Barclays increased their price target on Morgan Stanley from $62.00 to $63.00 and gave the company an “equal weight” rating in a report on Thursday, April 19th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Tuesday, April 24th. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $67.00 price target on shares of Morgan Stanley in a report on Wednesday, April 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Morgan Stanley currently has an average rating of “Buy” and a consensus target price of $56.47.
Shares of Morgan Stanley stock opened at $51.91 on Thursday. The company has a market capitalization of $89.89 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.50. Morgan Stanley has a fifty-two week low of $42.92 and a fifty-two week high of $59.38. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.75.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.17. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $10.37 billion. Morgan Stanley had a return on equity of 11.10% and a net margin of 15.09%. The firm’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.00 earnings per share. equities research analysts predict that Morgan Stanley will post 4.72 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, April 30th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 27th. This represents a $1.00 annualized dividend and a yield of 1.93%. Morgan Stanley’s payout ratio is 27.78%.
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 through three segments: Institutional Securities, Wealth Management, and Investment Management.
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