LSV Asset Management lowered its position in shares of Morgan Stanley (NYSE:MS) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,510,978 shares of the financial services provider’s stock after selling 42,275 shares during the quarter. LSV Asset Management’s holdings in Morgan Stanley were worth $258,160,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MS. Miles Capital Inc. raised its position in shares of Morgan Stanley by 3.6% in the 4th quarter. Miles Capital Inc. now owns 6,977 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 240 shares during the last quarter. Lourd Capital LLC raised its position in shares of Morgan Stanley by 2.2% in the 4th quarter. Lourd Capital LLC now owns 12,089 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 256 shares during the last quarter. Aspiriant LLC raised its position in shares of Morgan Stanley by 4.2% in the 4th quarter. Aspiriant LLC now owns 6,486 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 264 shares during the last quarter. Wright Investors Service Inc. raised its position in shares of Morgan Stanley by 2.1% in the 4th quarter. Wright Investors Service Inc. now owns 14,180 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 290 shares during the last quarter. Finally, Cornerstone Advisors Inc. raised its position in shares of Morgan Stanley by 6.0% in the 3rd quarter. Cornerstone Advisors Inc. now owns 5,189 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 295 shares during the last quarter. 85.67% of the stock is owned by institutional investors and hedge funds.
In related news, insider Jeffrey S. Brodsky sold 15,565 shares of Morgan Stanley stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $43.38, for a total value 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 Securities & Exchange Commission, which is available through this link. 0.19% of the stock is currently owned by company insiders.
MS has been the subject of several recent analyst reports. UBS Group raised Morgan Stanley from a “market perform” rating to an “outperform” rating in a research report on Tuesday, October 16th. Oppenheimer raised Morgan Stanley to an “outperform” rating and set a $62.00 price target for the company in a research report on Tuesday, October 16th. Vining Sparks reaffirmed a “buy” rating and issued a $60.00 price target on shares of Morgan Stanley in a research report on Tuesday, October 16th. Wells Fargo & Co raised Morgan Stanley from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $56.00 to $60.00 in a research report on Wednesday, October 24th. Finally, Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, November 20th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Morgan Stanley has a consensus rating of “Hold” and a consensus price target of $56.38.
NYSE MS opened at $40.64 on Monday. Morgan Stanley has a one year low of $36.74 and a one year high of $59.38. The stock has a market capitalization of $70.20 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20. 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 data on Thursday, January 17th. The financial services provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.17). Morgan Stanley had a return on equity of 12.08% and a net margin of 17.43%. The business had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $9.32 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. Morgan Stanley’s quarterly revenue was down 10.0% compared to the same quarter last year. On average, sell-side analysts expect that Morgan Stanley will post 4.99 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be issued a $0.30 dividend. The ex-dividend date is Wednesday, January 30th. This represents a $1.20 annualized dividend and a yield of 2.95%. Morgan Stanley’s payout ratio is 26.03%.
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Morgan Stanley Company Profile
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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