Worth Asset Management LLC purchased a new stake in shares of Morgan Stanley (NYSE:MS – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 11,916 shares of the financial services provider’s stock, valued at approximately $1,498,000.
Several other hedge funds and other institutional investors have also made changes to their positions in MS. Bank of New Hampshire increased its stake in shares of Morgan Stanley by 1.5% during the fourth quarter. Bank of New Hampshire now owns 6,313 shares of the financial services provider’s stock valued at $794,000 after acquiring an additional 93 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in Morgan Stanley by 2.6% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock valued at $391,000 after acquiring an additional 96 shares during the last quarter. Omnia Family Wealth LLC boosted its position in shares of Morgan Stanley by 3.3% during the 3rd quarter. Omnia Family Wealth LLC now owns 3,063 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 97 shares in the last quarter. Raab & Moskowitz Asset Management LLC grew its stake in shares of Morgan Stanley by 2.8% in the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 3,642 shares of the financial services provider’s stock worth $380,000 after purchasing an additional 98 shares during the last quarter. Finally, TFB Advisors LLC grew its stake in shares of Morgan Stanley by 3.9% in the 3rd quarter. TFB Advisors LLC now owns 2,662 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 99 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Morgan Stanley
In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the completion of the transaction, the director now owns 138,363 shares of the company’s stock, valued at $16,488,718.71. The trade was a 30.25 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.24% of the stock is currently owned by corporate insiders.
Morgan Stanley Stock Down 0.3 %
Morgan Stanley (NYSE:MS – Get Free Report) last posted its earnings results on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.57 by $0.31. The company had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. Equities research analysts predict that Morgan Stanley will post 7.33 EPS for the current fiscal year.
Morgan Stanley Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a $0.925 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.92%. Morgan Stanley’s dividend payout ratio is currently 56.32%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MS. Wells Fargo & Company upgraded shares of Morgan Stanley from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $107.00 to $142.00 in a report on Friday, November 15th. Bank of America raised their price objective on Morgan Stanley from $140.00 to $146.00 and gave the stock a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods upped their target price on Morgan Stanley from $121.00 to $138.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price target on Morgan Stanley from $100.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada boosted their price objective on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $125.80.
View Our Latest Stock Report on MS
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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.
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