Ballentine Partners LLC boosted its position in Morgan Stanley (NYSE:MS - Free Report) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,849 shares of the financial services provider's stock after purchasing an additional 2,094 shares during the period. Ballentine Partners LLC's holdings in Morgan Stanley were worth $6,644,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pure Financial Advisors LLC acquired a new stake in Morgan Stanley in the 4th quarter valued at about $251,000. Regent Peak Wealth Advisors LLC bought a new stake in shares of Morgan Stanley in the 4th quarter worth approximately $202,000. Koshinski Asset Management Inc. lifted its stake in Morgan Stanley by 9.6% during the fourth quarter. Koshinski Asset Management Inc. now owns 19,581 shares of the financial services provider's stock valued at $2,462,000 after purchasing an additional 1,709 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Morgan Stanley by 4.1% during the fourth quarter. Harbor Investment Advisory LLC now owns 4,272 shares of the financial services provider's stock worth $537,000 after buying an additional 167 shares in the last quarter. Finally, Zhang Financial LLC grew its position in Morgan Stanley by 19.4% in the fourth quarter. Zhang Financial LLC now owns 3,602 shares of the financial services provider's stock worth $453,000 after buying an additional 586 shares during the last quarter. 84.19% of the stock is owned by institutional investors.
Morgan Stanley Stock Down 1.2 %
Shares of NYSE:MS traded down $1.70 during midday trading on Tuesday, hitting $136.17. 3,717,934 shares of the stock were exchanged, compared to its average volume of 7,770,457. The business's fifty day simple moving average is $129.13 and its two-hundred day simple moving average is $114.03. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. Morgan Stanley has a 52-week low of $83.09 and a 52-week high of $138.08. The company has a market capitalization of $219.38 billion, a PE ratio of 17.18, a P/E/G ratio of 1.08 and a beta of 1.36.
Morgan Stanley (NYSE:MS - Get Free Report) last announced its quarterly earnings results on Thursday, January 16th. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.68. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. The business had revenue of $16.23 billion during the quarter, compared to analyst estimates of $15.03 billion. During the same period in the previous year, the company earned $1.13 EPS. The firm's revenue was up 25.9% on a year-over-year basis. As a group, research analysts predict that Morgan Stanley will post 8.06 earnings per share for the current fiscal year.
Morgan Stanley Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.925 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.70 annualized dividend and a dividend yield of 2.72%. Morgan Stanley's dividend payout ratio (DPR) is 46.60%.
Wall Street Analyst Weigh In
MS has been the subject of several research reports. The Goldman Sachs Group raised their price objective on Morgan Stanley from $106.00 to $121.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. UBS Group increased their price target on Morgan Stanley from $102.00 to $112.00 and gave the company a "neutral" rating in a research report on Tuesday, October 8th. Citigroup lifted their price target on Morgan Stanley from $105.00 to $135.00 and gave the stock a "neutral" rating in a research note on Monday, November 25th. Keefe, Bruyette & Woods upped their price objective on shares of Morgan Stanley from $138.00 to $145.00 and gave the company a "market perform" rating in a research note on Friday. Finally, Bank of America lifted their target price on shares of Morgan Stanley from $146.00 to $153.00 and gave the stock a "buy" rating in a research report on Friday. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $129.40.
Read Our Latest Research Report on MS
About Morgan Stanley
(
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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