Nisa Investment Advisors LLC increased its holdings in shares of Morgan Stanley (NYSE:MS) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 661,108 shares of the financial services provider’s stock after buying an additional 27,200 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Morgan Stanley were worth $26,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in MS. Kiwi Wealth Investments Limited Partnership acquired a new position in shares of Morgan Stanley in the 3rd quarter valued at about $4,912,000. ValueAct Holdings L.P. lifted its holdings in shares of Morgan Stanley by 11.2% in the 3rd quarter. ValueAct Holdings L.P. now owns 20,810,470 shares of the financial services provider’s stock valued at $969,144,000 after buying an additional 2,100,850 shares during the period. FMR LLC lifted its holdings in shares of Morgan Stanley by 4.4% in the 2nd quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock valued at $2,171,728,000 after buying an additional 1,936,093 shares during the period. Renaissance Technologies LLC raised its holdings in Morgan Stanley by 28.2% in the 3rd quarter. Renaissance Technologies LLC now owns 4,654,200 shares of the financial services provider’s stock worth $216,746,000 after purchasing an additional 1,023,473 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Morgan Stanley by 107.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,246,803 shares of the financial services provider’s stock worth $58,064,000 after purchasing an additional 644,811 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.
A number of equities analysts recently weighed in on MS shares. Citigroup raised Morgan Stanley from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $50.00 to $48.00 in a report on Wednesday, January 9th. UBS Group raised Morgan Stanley from a “market perform” rating to an “outperform” rating in a report on Tuesday, October 16th. Keefe, Bruyette & Woods lowered Morgan Stanley from an “outperform” rating to a “hold” rating and set a $45.00 price objective for the company. in a research note on Tuesday, December 11th. Wells Fargo & Co upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $56.00 to $60.00 in a research note on Wednesday, October 24th. Finally, Credit Suisse Group cut their price objective on Morgan Stanley from $62.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $56.38.
NYSE:MS traded down $0.67 during trading hours on Friday, reaching $40.81. 13,993,852 shares of the stock were exchanged, compared to its average volume of 14,569,795. 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 has a twelve month low of $36.74 and a twelve month high of $59.38. The stock has a market capitalization of $70.20 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 0.71 and a beta of 1.20.
Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.17). The firm had revenue of $8.55 billion for the quarter, compared to analyst estimates of $9.32 billion. Morgan Stanley had a return on equity of 12.08% and a net margin of 17.43%. The firm’s revenue for the quarter was down 10.0% on a year-over-year basis. During the same quarter last year, the company earned $0.84 earnings per share. On average, sell-side analysts expect that Morgan Stanley will post 4.99 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Thursday, January 31st will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Wednesday, January 30th. Morgan Stanley’s payout ratio is currently 26.03%.
In other news, insider Jeffrey S. Brodsky sold 15,565 shares of the stock in a transaction on Friday, January 18th. The stock was sold at an average price of $43.38, for a total value of $675,209.70. Following the sale, the insider now directly owns 112,420 shares in the company, valued at $4,876,779.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.19% of the stock is currently owned by company insiders.
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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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