Pinebridge Investments L.P. Has $73.04 Million Position in Morgan Stanley (NYSE:MS)

Pinebridge Investments L.P. grew its position in Morgan Stanley (NYSE:MS - Free Report) by 137.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 580,953 shares of the financial services provider's stock after purchasing an additional 336,179 shares during the period. Pinebridge Investments L.P.'s holdings in Morgan Stanley were worth $73,037,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peoples Bank KS acquired a new stake in Morgan Stanley during the 4th quarter worth approximately $25,000. IAG Wealth Partners LLC acquired a new stake in shares of Morgan Stanley during the fourth quarter worth $28,000. Curio Wealth LLC bought a new stake in Morgan Stanley in the 4th quarter valued at $31,000. Crowley Wealth Management Inc. acquired a new position in Morgan Stanley in the 4th quarter worth $34,000. Finally, Stonebridge Financial Group LLC bought a new position in Morgan Stanley during the 4th quarter worth about $35,000. 84.19% of the stock is owned by institutional investors.

Insider Transactions at Morgan Stanley

In related news, insider Eric F. Grossman sold 10,068 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $111.65, for a total transaction of $1,124,092.20. Following the transaction, the insider now directly owns 199,274 shares of the company's stock, valued at approximately $22,248,942.10. This trade represents a 4.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group cut their price target on Morgan Stanley from $144.00 to $126.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Keefe, Bruyette & Woods upped their price target on Morgan Stanley from $138.00 to $145.00 and gave the stock a "market perform" rating in a research report on Friday, January 17th. Wells Fargo & Company lowered their price objective on shares of Morgan Stanley from $130.00 to $120.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Citigroup reduced their target price on shares of Morgan Stanley from $135.00 to $125.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, Evercore ISI lowered their price target on shares of Morgan Stanley from $150.00 to $138.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 1st. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $130.50.

Morgan Stanley Stock Performance

Shares of NYSE MS opened at $110.35 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. The company has a market capitalization of $177.98 billion, a P/E ratio of 13.90, a P/E/G ratio of 1.18 and a beta of 1.30. Morgan Stanley has a 12 month low of $90.55 and a 12 month high of $142.03. The stock has a 50 day moving average of $118.38 and a 200-day moving average of $124.48.

Morgan Stanley (NYSE:MS - Get Free Report) last released its quarterly earnings data on Friday, April 11th. The financial services provider reported $2.60 EPS for the quarter, topping analysts' consensus estimates of $2.21 by $0.39. The firm had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $16.81 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The company's revenue for the quarter was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.02 earnings per share. As a group, equities research analysts predict that Morgan Stanley will post 8.56 EPS for the current year.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a dividend of $0.925 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $3.70 annualized dividend and a yield of 3.35%. Morgan Stanley's dividend payout ratio (DPR) is presently 43.43%.

Morgan Stanley Profile

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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