Swedbank AB Buys 16,953 Shares of Morgan Stanley $MS

Swedbank AB raised its stake in Morgan Stanley (NYSE:MSFree Report) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 906,141 shares of the financial services provider’s stock after buying an additional 16,953 shares during the period. Swedbank AB’s holdings in Morgan Stanley were worth $160,867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MS. Powers Advisory Group LLC raised its stake in shares of Morgan Stanley by 4.0% during the fourth quarter. Powers Advisory Group LLC now owns 1,443 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 56 shares in the last quarter. Central Bank & Trust Co. grew its stake in Morgan Stanley by 3.4% in the fourth quarter. Central Bank & Trust Co. now owns 1,767 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 58 shares in the last quarter. Howard Financial Services LTD. grew its stake in Morgan Stanley by 1.6% in the fourth quarter. Howard Financial Services LTD. now owns 3,579 shares of the financial services provider’s stock worth $635,000 after purchasing an additional 58 shares in the last quarter. Balboa Wealth Partners increased its holdings in Morgan Stanley by 1.9% during the 4th quarter. Balboa Wealth Partners now owns 3,181 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 59 shares during the period. Finally, Kennebec Savings Bank raised its position in Morgan Stanley by 1.6% during the 4th quarter. Kennebec Savings Bank now owns 3,915 shares of the financial services provider’s stock valued at $695,000 after purchasing an additional 60 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors.

Morgan Stanley Trading Up 0.6%

MS opened at $189.21 on Wednesday. The firm has a market cap of $299.21 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.41 and a beta of 1.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 3.39. Morgan Stanley has a 12 month low of $117.21 and a 12 month high of $194.59. The stock has a fifty day moving average price of $171.80 and a 200-day moving average price of $173.19.

Morgan Stanley (NYSE:MSGet Free Report) last issued its quarterly earnings data on Wednesday, April 15th. The financial services provider reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.41. Morgan Stanley had a return on equity of 17.89% and a net margin of 14.65%.The company had revenue of $20.58 billion for the quarter, compared to the consensus estimate of $19.23 billion. During the same quarter last year, the company earned $2.60 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Morgan Stanley will post 11.85 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, April 30th. Morgan Stanley’s dividend payout ratio (DPR) is currently 36.23%.

Analyst Ratings Changes

Several brokerages have recently commented on MS. Citizens Jmp restated a “market perform” rating on shares of Morgan Stanley in a research note on Thursday, April 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $207.00 price objective on shares of Morgan Stanley in a research note on Thursday, April 16th. Erste Group Bank raised shares of Morgan Stanley from a “hold” rating to a “buy” rating in a research report on Monday, April 27th. Jefferies Financial Group lowered shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Finally, BNP Paribas Exane upped their price target on shares of Morgan Stanley from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $203.17.

Get Our Latest Analysis on MS

Insider Transactions at Morgan Stanley

In other news, insider Eric F. Grossman sold 11,118 shares of Morgan Stanley stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $190.75, for a total value of $2,120,758.50. Following the transaction, the insider owned 169,403 shares of the company’s stock, valued at $32,313,622.25. The trade was a 6.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel A. Simkowitz sold 14,690 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $189.24, for a total transaction of $2,779,935.60. Following the transaction, the insider owned 365,802 shares of the company’s stock, valued at approximately $69,224,370.48. This trade represents a 3.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,476 shares of company stock valued at $14,644,762 in the last 90 days. Insiders own 0.17% of the company’s stock.

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About Morgan Stanley

(Free Report)

Morgan Stanley (NYSE: MS) is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company’s chief executive and chairman in recent years.

The firm’s primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

See Also

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

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