HB Wealth Management LLC lowered its position in Morgan Stanley (NYSE:MS - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,829 shares of the financial services provider's stock after selling 1,941 shares during the quarter. HB Wealth Management LLC's holdings in Morgan Stanley were worth $6,139,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Peoples Bank KS purchased a new position in shares of Morgan Stanley during the fourth quarter valued at $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Morgan Stanley in the 3rd quarter valued at about $26,000. Rakuten Securities Inc. lifted its position in shares of Morgan Stanley by 138.1% in the 3rd quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider's stock worth $31,000 after purchasing an additional 174 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Morgan Stanley during the third quarter valued at approximately $36,000. Finally, Planning Capital Management Corp increased its holdings in Morgan Stanley by 115.1% during the third quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider's stock valued at $37,000 after buying an additional 191 shares during the period. 84.19% of the stock is currently owned by hedge funds and other institutional investors.
Morgan Stanley Stock Performance
Shares of MS stock traded up $1.97 during trading hours on Friday, hitting $137.78. The company's stock had a trading volume of 12,389,736 shares, compared to its average volume of 4,932,170. The stock has a market cap of $221.97 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.36. Morgan Stanley has a 12-month low of $83.09 and a 12-month high of $138.08. The company has a 50 day moving average of $129.05 and a 200 day moving average of $113.67. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14.
Morgan Stanley (NYSE:MS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.57 by $0.31. The company had revenue of $15.38 billion for the quarter, compared to analyst estimates of $14.27 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. On average, sell-side analysts forecast that Morgan Stanley will post 7.39 EPS for the current fiscal year.
Morgan Stanley Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, January 31st. Morgan Stanley's payout ratio is presently 56.32%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on MS. UBS Group lifted their price target on Morgan Stanley from $102.00 to $112.00 and gave the company a "neutral" rating in a report on Tuesday, October 8th. Jefferies Financial Group boosted their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Citigroup raised their price target on shares of Morgan Stanley from $105.00 to $135.00 and gave the company a "neutral" rating in a report on Monday, November 25th. Wells Fargo & Company upgraded shares of Morgan Stanley from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $107.00 to $142.00 in a research note on Friday, November 15th. Finally, Bank of America raised their target price on shares of Morgan Stanley from $146.00 to $153.00 and gave the company a "buy" rating in a research note on Friday. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Morgan Stanley presently has an average rating of "Hold" and an average target price of $129.40.
Read Our Latest Analysis 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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