DNB Asset Management AS reduced its position in Morgan Stanley (NYSE:MS) by 9.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 187,400 shares of the financial services provider’s stock after selling 19,414 shares during the quarter. DNB Asset Management AS’s holdings in Morgan Stanley were worth $9,580,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in shares of Morgan Stanley by 45.3% during the third quarter. Quadrant Capital Group LLC now owns 4,359 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 1,360 shares during the period. Principle Wealth Partners LLC increased its position in shares of Morgan Stanley by 29.7% during the third quarter. Principle Wealth Partners LLC now owns 13,673 shares of the financial services provider’s stock worth $583,000 after acquiring an additional 3,133 shares during the period. FSI Group LLC purchased a new position in shares of Morgan Stanley during the third quarter worth approximately $3,818,000. Pictet Asset Management Ltd. increased its position in shares of Morgan Stanley by 5.7% during the third quarter. Pictet Asset Management Ltd. now owns 650,809 shares of the financial services provider’s stock worth $27,770,000 after acquiring an additional 35,000 shares during the period. Finally, Carroll Financial Associates Inc. increased its position in shares of Morgan Stanley by 246.8% during the fourth quarter. Carroll Financial Associates Inc. now owns 1,179 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 839 shares during the period. 84.00% of the stock is currently owned by institutional investors.
A number of equities analysts have recently commented on MS shares. DA Davidson started coverage on shares of Morgan Stanley in a research report on Wednesday, January 8th. They set a “buy” rating and a $62.00 target price on the stock. BNP Paribas started coverage on shares of Morgan Stanley in a research report on Tuesday, December 3rd. They set a “buy” rating and a $59.00 target price on the stock. Deutsche Bank lowered shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research report on Monday, January 6th. Pritchard Capital upgraded shares of Morgan Stanley to a “buy” rating and set a $48.00 price objective on the stock in a research note on Thursday, October 10th. Finally, Odeon Capital Group downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $56.36.
In other news, insider Keishi Hotsuki sold 26,000 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $49.08, for a total transaction of $1,276,080.00. Following the transaction, the insider now directly owns 254,530 shares in the company, valued at $12,492,332.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Robert P. Rooney sold 51,105 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $49.13, for a total transaction of $2,510,788.65. Following the completion of the sale, the insider now owns 183,448 shares of the company’s stock, valued at $9,012,800.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,105 shares of company stock worth $5,013,869. Insiders own 0.23% of the company’s stock.
NYSE MS opened at $52.78 on Tuesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50 day moving average price is $50.55 and its 200-day moving average price is $45.50. Morgan Stanley has a 52-week low of $38.76 and a 52-week high of $52.78. The company has a market cap of $84.51 billion, a PE ratio of 11.60, a P/E/G ratio of 1.12 and a beta of 1.39.
Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Thursday, October 17th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.17. Morgan Stanley had a net margin of 15.99% and a return on equity of 10.86%. The firm had revenue of $10.03 billion for the quarter, compared to the consensus estimate of $9.63 billion. During the same period last year, the firm earned $1.17 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts forecast that Morgan Stanley will post 4.75 earnings per share for the current fiscal year.
Morgan Stanley Company Profile
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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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