ING Groep NV lifted its holdings in shares of Morgan Stanley (NYSE:MS) by 116.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,919 shares of the financial services provider’s stock after purchasing an additional 95,034 shares during the period. ING Groep NV’s holdings in Morgan Stanley were worth $9,283,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of MS. DSAM Partners London Ltd purchased a new stake in Morgan Stanley in the 3rd quarter worth approximately $5,273,000. BB&T Corp grew its stake in Morgan Stanley by 9.7% in the 3rd quarter. BB&T Corp now owns 171,122 shares of the financial services provider’s stock worth $8,243,000 after acquiring an additional 15,162 shares during the period. Stifel Financial Corp grew its stake in Morgan Stanley by 301.3% in the 3rd quarter. Stifel Financial Corp now owns 577,918 shares of the financial services provider’s stock worth $27,842,000 after acquiring an additional 433,920 shares during the period. CAPROCK Group Inc. purchased a new stake in Morgan Stanley in the 3rd quarter worth approximately $220,000. Finally, Donaldson Capital Management LLC purchased a new stake in Morgan Stanley in the 3rd quarter worth approximately $1,343,000. 86.63% of the stock is owned by institutional investors and hedge funds.
Shares of Morgan Stanley (MS) opened at $54.55 on Thursday. Morgan Stanley has a 12 month low of $40.06 and a 12 month high of $58.05. The stock has a market cap of $97,142.05, a price-to-earnings ratio of 17.65, a PEG ratio of 0.94 and a beta of 1.54. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.68.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.83%. Morgan Stanley’s payout ratio is 32.36%.
Several analysts have commented on the stock. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Monday, December 11th. Societe Generale cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Barclays lifted their target price on shares of Morgan Stanley from $52.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Vining Sparks reaffirmed a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a research note on Monday, January 8th. Finally, Buckingham Research lifted their target price on shares of Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $54.07.
In related news, Director Alistair Darling sold 3,850 shares of Morgan Stanley stock in a transaction on Friday, November 24th. The shares were sold at an average price of $49.29, for a total transaction of $189,766.50. Following the transaction, the director now owns 14,218 shares in the company, valued at approximately $700,805.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Keishi Hotsuki sold 25,000 shares of Morgan Stanley stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $50.00, for a total transaction of $1,250,000.00. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.
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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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