Tredje AP fonden Has $104.26 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Tredje AP fonden decreased its position in shares of Morgan Stanley (NYSE:MS - Free Report) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 829,330 shares of the financial services provider's stock after selling 403,643 shares during the period. Morgan Stanley comprises 0.9% of Tredje AP fonden's holdings, making the stock its 23rd largest holding. Tredje AP fonden owned approximately 0.05% of Morgan Stanley worth $104,263,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Rakuten Securities Inc. boosted its position in Morgan Stanley by 761.3% in the fourth quarter. Rakuten Securities Inc. now owns 2,584 shares of the financial services provider's stock valued at $325,000 after buying an additional 2,284 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in Morgan Stanley by 2.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 110,257 shares of the financial services provider's stock valued at $13,861,000 after buying an additional 2,260 shares in the last quarter. Essential Planning LLC. acquired a new stake in Morgan Stanley in the fourth quarter valued at approximately $6,772,000. Jupiter Asset Management Ltd. acquired a new stake in Morgan Stanley in the fourth quarter valued at approximately $5,686,000. Finally, Great Lakes Advisors LLC boosted its position in Morgan Stanley by 20.0% in the fourth quarter. Great Lakes Advisors LLC now owns 4,497 shares of the financial services provider's stock valued at $565,000 after buying an additional 751 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company's stock.

Analyst Ratings Changes

MS has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Morgan Stanley from $138.00 to $145.00 and gave the company a "market perform" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their target price on shares of Morgan Stanley from $104.00 to $108.00 and gave the company a "neutral" rating in a research report on Monday, January 13th. Hsbc Global Res downgraded shares of Morgan Stanley from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 26th. Bank of America raised their price target on shares of Morgan Stanley from $146.00 to $153.00 and gave the company a "buy" rating in a research note on Friday, January 17th. Finally, 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 research note on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $131.27.

Remove Ads

Insider Buying and Selling at Morgan Stanley

In other news, CFO Raja Akram sold 17,500 shares of Morgan Stanley 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 transaction, the chief financial officer now directly owns 81,440 shares in the company, valued at $11,076,654.40. This trade represents a 17.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric F. Grossman sold 13,097 shares of Morgan Stanley 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 transaction, the insider now owns 197,444 shares of the company's stock, valued at $26,891,872.80. This represents a 6.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.24% of the company's stock.

Morgan Stanley Trading Up 1.7 %

MS opened at $113.99 on Thursday. Morgan Stanley has a 1-year low of $85.01 and a 1-year high of $142.03. 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 cap of $183.84 billion, a P/E ratio of 14.36, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. The company has a fifty day moving average price of $131.77 and a two-hundred day moving average price of $122.22.

Morgan Stanley (NYSE:MS - Get Free Report) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $2.22 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.68. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. The firm had revenue of $16.23 billion during the quarter, compared to the consensus estimate of $15.03 billion. During the same period in the previous year, the firm posted $1.13 earnings per share. The business's revenue was up 25.9% compared to the same quarter last year. Analysts predict that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Friday, January 31st were paid a $0.925 dividend. This represents a $3.70 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Friday, January 31st. Morgan Stanley's dividend payout ratio (DPR) is currently 46.60%.

Morgan Stanley Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.