Deutsche Bank AG Sells 431,290 Shares of Morgan Stanley (NYSE:MS)

Deutsche Bank AG decreased its holdings in Morgan Stanley (NYSE:MSFree Report) by 13.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,847,975 shares of the financial services provider’s stock after selling 431,290 shares during the period. Deutsche Bank AG owned approximately 0.17% of Morgan Stanley worth $232,594,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Morgan Stanley by 4.0% during the second quarter. BlackRock Inc. now owns 90,635,593 shares of the financial services provider’s stock valued at $7,740,280,000 after purchasing an additional 3,480,402 shares during the period. Capital Research Global Investors boosted its holdings in Morgan Stanley by 7.3% in the 2nd quarter. Capital Research Global Investors now owns 28,073,015 shares of the financial services provider’s stock worth $2,397,435,000 after buying an additional 1,908,648 shares during the period. Capital International Investors boosted its holdings in Morgan Stanley by 5.8% in the 2nd quarter. Capital International Investors now owns 24,463,443 shares of the financial services provider’s stock worth $2,089,138,000 after buying an additional 1,341,559 shares during the period. Geode Capital Management LLC boosted its holdings in Morgan Stanley by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 23,626,016 shares of the financial services provider’s stock worth $2,012,223,000 after buying an additional 422,710 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in Morgan Stanley by 3.1% in the 2nd quarter. Fisher Asset Management LLC now owns 19,920,050 shares of the financial services provider’s stock worth $1,701,171,000 after purchasing an additional 604,214 shares in the last quarter. Institutional investors and hedge funds own 83.09% of the company’s stock.

Insider Transactions at Morgan Stanley

In other news, insider Andrew M. Saperstein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $87.92, for a total value of $879,200.00. Following the sale, the insider now directly owns 313,490 shares in the company, valued at approximately $27,562,040.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Andrew M. Saperstein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $87.92, for a total transaction of $879,200.00. Following the sale, the insider now directly owns 313,490 shares in the company, valued at approximately $27,562,040.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Raja Akram sold 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $87.41, for a total value of $393,345.00. Following the sale, the chief financial officer now owns 93,134 shares of the company’s stock, valued at $8,140,842.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,500 shares of company stock worth $7,095,265. Insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Performance

MS opened at $85.89 on Monday. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.76 and a quick ratio of 0.76. The company has a 50 day simple moving average of $88.31 and a two-hundred day simple moving average of $83.89. Morgan Stanley has a 1-year low of $69.42 and a 1-year high of $100.99. The firm has a market cap of $140.97 billion, a P/E ratio of 16.61, a PEG ratio of 1.74 and a beta of 1.44.

Morgan Stanley (NYSE:MSGet Free Report) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.06. The firm had revenue of $12.90 billion during the quarter, compared to analyst estimates of $12.77 billion. Morgan Stanley had a net margin of 9.49% and a return on equity of 10.33%. Morgan Stanley’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 earnings per share. Equities analysts forecast that Morgan Stanley will post 6.36 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Tuesday, January 30th. Morgan Stanley’s payout ratio is presently 65.76%.

Analyst Upgrades and Downgrades

MS has been the topic of several recent analyst reports. Wolfe Research upgraded shares of Morgan Stanley from an “underperform” rating to a “peer perform” rating in a research note on Friday, October 20th. Royal Bank of Canada restated a “sector perform” rating and set a $85.00 price objective on shares of Morgan Stanley in a research report on Thursday, December 21st. Barclays raised their price objective on shares of Morgan Stanley from $102.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Oppenheimer lifted their target price on shares of Morgan Stanley from $106.00 to $109.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Finally, BNP Paribas cut shares of Morgan Stanley from an “outperform” rating to a “neutral” rating and set a $85.00 target price on the stock. in a research report on Monday, November 20th. Thirteen analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $94.56.

Check Out Our Latest Stock Analysis on MS

Morgan Stanley 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.

See Also

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

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