Northwestern Mutual Investment Management Company LLC grew its holdings in Morgan Stanley (NYSE:MS) by 27.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 60,716 shares of the financial services provider’s stock after acquiring an additional 12,932 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Morgan Stanley were worth $2,064,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TFO TDC LLC purchased a new position in shares of Morgan Stanley during the 4th quarter worth approximately $25,000. Howard Wealth Management LLC purchased a new position in shares of Morgan Stanley during the 4th quarter worth approximately $31,000. Central Bank & Trust Co. raised its stake in shares of Morgan Stanley by 163.4% during the 1st quarter. Central Bank & Trust Co. now owns 698 shares of the financial services provider’s stock worth $31,000 after buying an additional 433 shares in the last quarter. Princeton Global Asset Management LLC purchased a new position in shares of Morgan Stanley during the 4th quarter worth approximately $32,000. Finally, Ropes Wealth Advisors LLC raised its stake in shares of Morgan Stanley by 42.9% during the 1st quarter. Ropes Wealth Advisors LLC now owns 1,000 shares of the financial services provider’s stock worth $34,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 84.79% of the company’s stock.
Shares of MS opened at $40.13 on Friday. The stock’s 50-day moving average is $38.36 and its two-hundred day moving average is $45.91. The stock has a market cap of $63.50 billion, a PE ratio of 8.70, a P/E/G ratio of 1.12 and a beta of 1.47. Morgan Stanley has a 12 month low of $27.20 and a 12 month high of $57.57. The company has a debt-to-equity ratio of 2.48, a current ratio of 0.80 and a quick ratio of 0.80.
Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, April 16th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.07 by ($0.06). Morgan Stanley had a return on equity of 10.62% and a net margin of 16.01%. The business had revenue of $9.49 billion for the quarter, compared to analysts’ expectations of $9.82 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. The firm’s revenue was down 7.8% compared to the same quarter last year. On average, research analysts anticipate that Morgan Stanley will post 3.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Wednesday, April 29th. Morgan Stanley’s payout ratio is 28.11%.
MS has been the subject of several research analyst reports. Oppenheimer raised their price objective on Morgan Stanley from $46.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Cfra dropped their price objective on Morgan Stanley from $59.00 to $44.00 and set a “hold” rating for the company in a research note on Thursday, April 16th. Societe Generale raised Morgan Stanley from a “sell” rating to a “buy” rating in a research note on Tuesday, April 14th. Citigroup dropped their price objective on Morgan Stanley from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Monday, March 30th. Finally, Odeon Capital Group raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $47.28.
In other news, Director Stephen J. Luczo acquired 19,000 shares of the stock in a transaction that occurred on Friday, April 17th. The stock was purchased at an average cost of $38.68 per share, with a total value of $734,920.00. Following the completion of the acquisition, the director now directly owns 193,121 shares in the company, valued at $7,469,920.28. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen J. Luczo acquired 50,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $44.97 per share, with a total value of $2,248,500.00. Following the completion of the acquisition, the director now owns 174,121 shares of the company’s stock, valued at $7,830,221.37. The disclosure for this purchase can be found here. 0.26% of the stock is currently owned by insiders.
About Morgan Stanley
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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