Resona Asset Management Co. Ltd. Purchases 25,578 Shares of Morgan Stanley $MS
by Amy Steele · The Cerbat GemResona Asset Management Co. Ltd. boosted its position in Morgan Stanley (NYSE:MS – Free Report) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 421,440 shares of the financial services provider’s stock after purchasing an additional 25,578 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Morgan Stanley were worth $59,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in MS. CBIZ Investment Advisory Services LLC lifted its stake in Morgan Stanley by 111.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 211 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 111 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Morgan Stanley by 645.8% in the second quarter. Princeton Global Asset Management LLC now owns 179 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 155 shares during the last quarter. Hopwood Financial Services Inc. lifted its stake in Morgan Stanley by 50.0% in the first quarter. Hopwood Financial Services Inc. now owns 264 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Abound Wealth Management lifted its stake in Morgan Stanley by 58.5% in the second quarter. Abound Wealth Management now owns 252 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 93 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new stake in Morgan Stanley in the second quarter worth about $35,000. Institutional investors own 84.19% of the company’s stock.
Morgan Stanley Stock Performance
Shares of MS stock opened at $165.20 on Thursday. The firm has a market cap of $263.71 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.70 and a beta of 1.32. The company’s 50 day moving average is $157.61 and its 200 day moving average is $142.44. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 3.30. Morgan Stanley has a 52-week low of $94.33 and a 52-week high of $167.13.
Morgan Stanley (NYSE:MS – Get Free Report) last issued its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.73. The company had revenue of $18.22 billion for the quarter, compared to analyst estimates of $16.42 billion. Morgan Stanley had a net margin of 13.85% and a return on equity of 16.55%. Morgan Stanley’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $1.88 earnings per share. On average, sell-side analysts anticipate that Morgan Stanley will post 8.56 EPS for the current fiscal year.
Morgan Stanley Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, October 31st. Morgan Stanley’s payout ratio is currently 41.03%.
Insider Transactions at Morgan Stanley
In other Morgan Stanley news, CEO Edward Pick sold 100,000 shares of Morgan Stanley stock in a transaction on Friday, October 31st. The shares were sold at an average price of $164.34, for a total value of $16,434,000.00. Following the transaction, the chief executive officer directly owned 574,986 shares of the company’s stock, valued at approximately $94,493,199.24. The trade was a 14.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.19% of the company’s stock.
Wall Street Analysts Forecast Growth
MS has been the subject of several analyst reports. Wells Fargo & Company raised their price objective on shares of Morgan Stanley from $165.00 to $177.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 16th. Royal Bank Of Canada lifted their price target on shares of Morgan Stanley from $145.00 to $171.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Morgan Stanley in a research note on Wednesday, October 8th. Barclays lifted their price target on shares of Morgan Stanley from $156.00 to $183.00 and gave the company an “overweight” rating in a research note on Thursday, October 16th. Finally, Jefferies Financial Group lifted their price target on shares of Morgan Stanley from $175.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $168.23.
Check Out Our Latest Stock Report on Morgan Stanley
About Morgan Stanley
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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