Morgan Stanley (MS) Stake Lifted by Zions Bancorporation

Zions Bancorporation lifted its stake in shares of Morgan Stanley (NYSE:MS) by 176.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,463 shares of the financial services provider’s stock after acquiring an additional 1,571 shares during the period. Zions Bancorporation’s holdings in Morgan Stanley were worth $119,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Invictus RG increased its position in Morgan Stanley by 307.5% during the 3rd quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,762 shares in the last quarter. Rational Advisors LLC acquired a new stake in Morgan Stanley during the 3rd quarter worth approximately $116,000. Omnia Family Wealth LLC increased its position in Morgan Stanley by 5.8% during the 2nd quarter. Omnia Family Wealth LLC now owns 2,429 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 134 shares in the last quarter. BB&T Investment Services Inc. increased its position in Morgan Stanley by 163.1% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,655 shares of the financial services provider’s stock worth $127,000 after purchasing an additional 1,646 shares in the last quarter. Finally, WFG Advisors LP increased its position in Morgan Stanley by 45.4% during the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 840 shares in the last quarter. Institutional investors and hedge funds own 85.60% of the company’s stock.

In related news, insider Keishi Hotsuki sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of the firm’s stock in a transaction on 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 transaction, the president now owns 692,037 shares in the company, valued at $35,010,151.83. The disclosure for this sale can be found here. Insiders have sold 85,247 shares of company stock valued at $4,284,364 in the last three months. Corporate insiders own 0.35% of the company’s stock.

A number of analysts recently issued reports on MS shares. ValuEngine downgraded shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Friday, September 15th. Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Morgan Stanley in a research report on Monday, November 20th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $50.00 price objective (up previously from $46.00) on shares of Morgan Stanley in a research report on Monday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $50.89.

Morgan Stanley (NYSE:MS) traded down $0.54 during mid-day trading on Friday, hitting $52.64. 8,190,000 shares of the stock were exchanged, compared to its average volume of 9,361,194. Morgan Stanley has a twelve month low of $40.06 and a twelve month high of $54.25. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $96,125.99, a P/E ratio of 14.73, a P/E/G ratio of 1.25 and a beta of 1.64.

Morgan Stanley (NYSE:MS) last released its quarterly earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.12. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.05 billion. During the same quarter last year, the company earned $0.80 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. research analysts forecast that Morgan Stanley will post 3.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s payout ratio is currently 27.70%.

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Morgan Stanley Profile

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

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