Argent Capital Management LLC Has $22.02 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Argent Capital Management LLC cut its holdings in Morgan Stanley (NYSE:MSFree Report) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 236,145 shares of the financial services provider’s stock after selling 4,730 shares during the quarter. Argent Capital Management LLC’s holdings in Morgan Stanley were worth $22,020,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Morgan Stanley in the fourth quarter worth $958,105,000. Ontario Teachers Pension Plan Board acquired a new stake in shares of Morgan Stanley in the fourth quarter worth $512,867,000. FMR LLC lifted its stake in shares of Morgan Stanley by 21.2% in the third quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock worth $1,917,159,000 after buying an additional 4,098,577 shares during the last quarter. Capital International Investors lifted its stake in shares of Morgan Stanley by 8.2% in the fourth quarter. Capital International Investors now owns 24,499,542 shares of the financial services provider’s stock worth $2,284,674,000 after buying an additional 1,865,645 shares during the last quarter. Finally, Boston Partners increased its position in Morgan Stanley by 20.3% during the fourth quarter. Boston Partners now owns 7,094,388 shares of the financial services provider’s stock worth $659,251,000 after acquiring an additional 1,195,258 shares during the period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. TheStreet raised shares of Morgan Stanley from a “c+” rating to a “b” rating in a research report on Wednesday, March 6th. Bank of America boosted their target price on shares of Morgan Stanley from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Wednesday, April 17th. Cfra boosted their price target on shares of Morgan Stanley from $97.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Oppenheimer boosted their price target on shares of Morgan Stanley from $101.00 to $105.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Finally, BMO Capital Markets boosted their price target on shares of Morgan Stanley from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Morgan Stanley currently has a consensus rating of “Hold” and a consensus price target of $98.30.

Get Our Latest Analysis on Morgan Stanley

Morgan Stanley Trading Up 0.2 %

Morgan Stanley stock traded up $0.17 during trading hours on Wednesday, reaching $95.60. 5,435,494 shares of the company’s stock traded hands, compared to its average volume of 7,778,973. The company has a debt-to-equity ratio of 2.97, a quick ratio of 0.77 and a current ratio of 0.77. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $103.25. The firm has a market capitalization of $155.37 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.18 and a beta of 1.38. The firm’s 50 day moving average is $95.07 and its 200-day moving average is $90.38.

Morgan Stanley (NYSE:MSGet Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.33. The business had revenue of $15.14 billion for the quarter, compared to the consensus estimate of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.88%. Morgan Stanley’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. On average, analysts predict that Morgan Stanley will post 6.83 earnings per share for the current year.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $3.40 dividend on an annualized basis and a yield of 3.56%. Morgan Stanley’s payout ratio is 61.93%.

Insider Buying and Selling

In related news, insider Mandell Crawley sold 6,954 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $99.61, for a total transaction of $692,687.94. Following the completion of the sale, the insider now directly owns 46,274 shares of the company’s stock, valued at approximately $4,609,353.14. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Chairman James P. Gorman sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the completion of the transaction, the chairman now directly owns 414,870 shares of the company’s stock, valued at approximately $37,425,422.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mandell Crawley sold 6,954 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $99.61, for a total transaction of $692,687.94. Following the transaction, the insider now directly owns 46,274 shares of the company’s stock, valued at $4,609,353.14. The disclosure for this sale can be found here. In the last three months, insiders sold 118,154 shares of company stock valued at $10,722,696. 0.24% of the stock is owned by corporate insiders.

Morgan Stanley Company Profile

(Free Report)

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments.

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

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