Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Morgan Stanley (NYSE:MS) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 211,141 shares of the financial services provider’s stock after purchasing an additional 9,551 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Morgan Stanley were worth $10,171,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Morgan Stanley by 2,798.9% in the 1st quarter. BlackRock Inc. now owns 101,168,197 shares of the financial services provider’s stock valued at $4,334,046,000 after acquiring an additional 97,678,337 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Morgan Stanley by 5,268.0% during the second quarter. Janus Henderson Group PLC now owns 9,590,843 shares of the financial services provider’s stock valued at $427,365,000 after purchasing an additional 9,412,177 shares in the last quarter. Epoch Investment Partners Inc. purchased a new position in Morgan Stanley during the first quarter valued at $215,402,000. Lazard Asset Management LLC lifted its holdings in Morgan Stanley by 801.0% during the second quarter. Lazard Asset Management LLC now owns 5,321,327 shares of the financial services provider’s stock valued at $237,117,000 after purchasing an additional 4,730,704 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Morgan Stanley by 4.9% during the first quarter. Vanguard Group Inc. now owns 92,226,969 shares of the financial services provider’s stock valued at $3,951,003,000 after purchasing an additional 4,331,723 shares in the last quarter. 85.12% of the stock is owned by hedge funds and other institutional investors.
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In related news, insider Jeffrey S. Brodsky sold 16,397 shares of the firm’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total transaction of $820,997.79. Following the completion of the transaction, the insider now directly owns 111,776 shares of the company’s stock, valued at approximately $5,596,624.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $50.59, for a total value of $2,023,600.00. Following the completion of the transaction, the president now directly owns 692,037 shares of the company’s stock, valued at $35,010,151.83. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.
MS has been the subject of a number of recent research reports. Buckingham Research reiterated a “buy” rating and issued a $54.00 target price (up from $51.00) on shares of Morgan Stanley in a research report on Monday, July 10th. Zacks Investment Research cut shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. BMO Capital Markets lifted their price target on shares of Morgan Stanley from $58.00 to $61.00 and gave the company an “outperform” rating in a research report on Thursday, July 20th. Bank of America Corporation lifted their price target on shares of Morgan Stanley from $50.00 to $51.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $49.00 price objective (up previously from $47.00) on shares of Morgan Stanley in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $50.39.
Morgan Stanley (NYSE MS) traded down $0.14 during trading hours on Monday, reaching $49.88. The company’s stock had a trading volume of 618,875 shares, compared to its average volume of 8,438,097. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 2.58. The company has a market capitalization of $90,431.11, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.15 and a beta of 1.66. Morgan Stanley has a 12-month low of $32.56 and a 12-month high of $51.52.
Morgan Stanley (NYSE:MS) last announced its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 10.11% and a net margin of 16.76%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.80 earnings per share. equities research analysts forecast that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Monday, October 30th. Morgan Stanley’s dividend payout ratio is presently 27.70%.
About Morgan Stanley
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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