Robeco Institutional Asset Management B.V. lifted its stake in shares of Morgan Stanley (NYSE:MS - Free Report) by 35.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 624,972 shares of the financial services provider's stock after acquiring an additional 165,162 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Morgan Stanley were worth $78,571,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Morgan Stanley by 1.1% during the third quarter. Geode Capital Management LLC now owns 25,240,729 shares of the financial services provider's stock worth $2,621,140,000 after acquiring an additional 269,633 shares during the period. Fisher Asset Management LLC increased its holdings in Morgan Stanley by 2.7% during the third quarter. Fisher Asset Management LLC now owns 22,404,981 shares of the financial services provider's stock valued at $2,335,495,000 after buying an additional 590,872 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Morgan Stanley by 4.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,454,177 shares of the financial services provider's stock valued at $881,263,000 after buying an additional 385,780 shares during the period. Franklin Resources Inc. increased its holdings in Morgan Stanley by 75.2% during the third quarter. Franklin Resources Inc. now owns 7,850,848 shares of the financial services provider's stock valued at $881,493,000 after buying an additional 3,369,520 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Morgan Stanley by 0.8% during the third quarter. Principal Financial Group Inc. now owns 4,711,805 shares of the financial services provider's stock valued at $491,159,000 after buying an additional 36,120 shares during the period. 84.19% of the stock is owned by hedge funds and other institutional investors.
Morgan Stanley Stock Performance
MS traded up $1.34 on Thursday, reaching $140.05. The stock had a trading volume of 4,544,249 shares, compared to its average volume of 7,602,402. Morgan Stanley has a 12-month low of $83.09 and a 12-month high of $141.48. 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 business's 50-day moving average price is $129.80 and its two-hundred day moving average price is $115.67. The company has a market cap of $225.63 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.20 and a beta of 1.36.
Morgan Stanley (NYSE:MS - Get Free Report) last released its earnings results on Thursday, January 16th. The financial services provider reported $2.22 EPS for the quarter, topping analysts' consensus estimates of $1.54 by $0.68. The business had revenue of $16.23 billion during the quarter, compared to analysts' expectations of $15.03 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The company's quarterly revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 earnings per share. Sell-side analysts forecast that Morgan Stanley will post 8.49 earnings per share for the current year.
Morgan Stanley Announces Dividend
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.64%. Morgan Stanley's dividend payout ratio is currently 46.60%.
Analysts Set New Price Targets
Several equities analysts recently issued reports on MS shares. Evercore ISI lifted their price objective on shares of Morgan Stanley from $140.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, January 17th. HSBC lowered shares of Morgan Stanley from a "buy" rating to a "hold" rating and lifted their price objective for the company from $128.00 to $131.00 in a report on Tuesday, November 26th. Bank of America lifted their price objective on shares of Morgan Stanley from $146.00 to $153.00 and gave the company a "buy" rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their price target on shares of Morgan Stanley from $104.00 to $108.00 and gave the stock a "neutral" rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Morgan Stanley currently has an average rating of "Hold" and an average price target of $131.27.
Get Our Latest Report on Morgan Stanley
Insider Transactions at Morgan Stanley
In related news, CFO Raja Akram sold 17,500 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $136.01, for a total transaction of $2,380,175.00. Following the completion of the sale, the chief financial officer now owns 81,440 shares of the company's stock, valued at approximately $11,076,654.40. This represents a 17.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric F. Grossman sold 13,097 shares of the company's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $136.20, for a total transaction of $1,783,811.40. Following the sale, the insider now directly owns 197,444 shares of the company's stock, valued at approximately $26,891,872.80. This represents a 6.22 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company's stock.
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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