Harbor Advisors LLC purchased a new stake in shares of Morgan Stanley (NYSE:MS) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 4,000 shares of the financial services provider’s stock, valued at approximately $210,000.
Other hedge funds have also recently made changes to their positions in the company. Exane Derivatives lifted its position in Morgan Stanley by 303.9% in the fourth quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock valued at $104,000 after buying an additional 1,489 shares during the last quarter. Invictus RG lifted its position in Morgan Stanley by 307.5% in the third quarter. Invictus RG now owns 2,335 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,762 shares during the last quarter. Rational Advisors LLC acquired a new position in Morgan Stanley in the third quarter valued at about $116,000. Zions Bancorporation lifted its position in Morgan Stanley by 176.1% in the third quarter. Zions Bancorporation now owns 2,463 shares of the financial services provider’s stock valued at $119,000 after buying an additional 1,571 shares during the last quarter. Finally, WFG Advisors LP lifted its position in Morgan Stanley by 45.4% in the second quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock valued at $120,000 after buying an additional 840 shares during the last quarter. 86.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Morgan Stanley (MS) opened at $52.14 on Monday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.74 and a current ratio of 0.74. Morgan Stanley has a one year low of $40.06 and a one year high of $58.05. The firm has a market cap of $93,226.32, a P/E ratio of 14.32, a P/E/G ratio of 0.90 and a beta of 1.54.
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.92%. Morgan Stanley’s payout ratio is 32.36%.
A number of research firms have commented on MS. Societe Generale set a $61.00 target price on shares of Morgan Stanley and gave the company a “neutral” rating in a research report on Monday, January 22nd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a research report on Friday, January 19th. UBS Group raised shares of Morgan Stanley to an “overweight” rating in a research report on Wednesday, January 10th. Atlantic Securities raised shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 target price on the stock in a research report on Wednesday, January 10th. Finally, Vining Sparks reaffirmed a “buy” rating and issued a $60.00 target price on shares of Morgan Stanley in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.07.
In related news, insider Keishi Hotsuki sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alistair Darling sold 3,850 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the transaction, the director now directly owns 14,218 shares of the company’s stock, valued at $700,805.22. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.
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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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