Brave Asset Management Inc. bought a new stake in shares of Morgan Stanley (NYSE:MS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,100 shares of the financial services provider’s stock, valued at approximately $215,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its stake in Morgan Stanley by 14.2% during the 4th quarter. Bank of New York Mellon Corp now owns 12,643,249 shares of the financial services provider’s stock valued at $663,392,000 after acquiring an additional 1,569,202 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Morgan Stanley by 2.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 12,276,170 shares of the financial services provider’s stock valued at $644,130,000 after acquiring an additional 299,060 shares during the period. Dimensional Fund Advisors LP lifted its stake in Morgan Stanley by 18.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 11,816,768 shares of the financial services provider’s stock valued at $569,213,000 after acquiring an additional 1,828,697 shares during the period. Epoch Investment Partners Inc. lifted its stake in Morgan Stanley by 2.0% during the 3rd quarter. Epoch Investment Partners Inc. now owns 9,843,789 shares of the financial services provider’s stock valued at $474,175,000 after acquiring an additional 189,953 shares during the period. Finally, Legal & General Group Plc lifted its stake in Morgan Stanley by 1.8% during the 3rd quarter. Legal & General Group Plc now owns 6,800,716 shares of the financial services provider’s stock valued at $327,595,000 after acquiring an additional 116,997 shares during the period. Institutional investors and hedge funds own 86.55% of the company’s stock.
Several equities analysts have issued reports on MS shares. Keefe, Bruyette & Woods upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $59.00 target price on the stock in a research note on Tuesday, December 12th. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research note on Wednesday, January 3rd. Barclays upped their target price on shares of Morgan Stanley from $52.00 to $62.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Societe Generale cut shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Vining Sparks restated a “buy” rating and set a $60.00 target price on shares of Morgan Stanley in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $54.07.
Shares of Morgan Stanley (NYSE MS) opened at $55.14 on Monday. The stock has a market cap of $99,690.00, a P/E ratio of 17.84, a P/E/G ratio of 0.95 and a beta of 1.54. Morgan Stanley has a fifty-two week low of $40.06 and a fifty-two week high of $58.05. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68.
Morgan Stanley (NYSE:MS) last released its earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The company had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.25 billion. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.03%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 EPS. analysts predict that Morgan Stanley will post 4.51 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.81%. The ex-dividend date was Tuesday, January 30th. Morgan Stanley’s dividend payout ratio is 32.36%.
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Morgan Stanley Company 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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