23,247 Shares in Morgan Stanley $MS Acquired by MASTERINVEST Kapitalanlage GmbH

by · The Cerbat Gem

MASTERINVEST Kapitalanlage GmbH bought a new stake in shares of Morgan Stanley (NYSE:MS – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 23,247 shares of the financial services provider’s stock, valued at approximately $3,275,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MS. Vanguard Group Inc. increased its position in Morgan Stanley by 1.1% during the second quarter. Vanguard Group Inc. now owns 119,123,487 shares of the financial services provider’s stock valued at $16,779,734,000 after acquiring an additional 1,354,142 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Morgan Stanley by 3.2% during the 2nd quarter. Fisher Asset Management LLC now owns 24,045,186 shares of the financial services provider’s stock valued at $3,387,005,000 after purchasing an additional 749,150 shares during the last quarter. Norges Bank purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at about $2,234,883,000. Northern Trust Corp lifted its stake in shares of Morgan Stanley by 3.0% in the 1st quarter. Northern Trust Corp now owns 13,807,153 shares of the financial services provider’s stock worth $1,610,881,000 after purchasing an additional 403,956 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Morgan Stanley by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 13,438,530 shares of the financial services provider’s stock worth $1,894,023,000 after buying an additional 374,711 shares during the last quarter. 84.19% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Edward Pick sold 100,000 shares of Morgan Stanley stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $164.34, for a total transaction of $16,434,000.00. Following the completion of the sale, the chief executive officer owned 574,986 shares in the company, valued at $94,493,199.24. This trade represents a 14.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.19% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MS has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of Morgan Stanley from $175.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, October 16th. Citigroup boosted their price objective on shares of Morgan Stanley from $155.00 to $170.00 and gave the company a “neutral” rating in a research report on Thursday, October 16th. Dbs Bank raised Morgan Stanley to a “moderate buy” rating in a report on Wednesday, November 12th. JPMorgan Chase & Co. lifted their target price on Morgan Stanley from $122.00 to $157.00 and gave the company a “neutral” rating in a research report on Tuesday, October 21st. Finally, Wolfe Research raised Morgan Stanley from a “peer perform” rating to an “outperform” rating and set a $198.00 price target for the company in a report on Monday, November 24th. Three research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $173.38.

Get Our Latest Analysis on MS

Morgan Stanley Stock Down 1.0%

MS opened at $178.57 on Friday. The stock has a market cap of $283.81 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.47 and a beta of 1.22. The company has a debt-to-equity ratio of 3.27, a quick ratio of 0.79 and a current ratio of 0.79. The firm’s fifty day moving average is $164.70 and its 200 day moving average is $151.23. Morgan Stanley has a fifty-two week low of $94.33 and a fifty-two week high of $181.98.

Morgan Stanley (NYSE:MS – Get Free Report) last announced its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 EPS for the quarter, beating the consensus estimate of $2.07 by $0.73. The business had revenue of $17.98 billion for the quarter, compared to the consensus estimate of $16.42 billion. Morgan Stanley had a return on equity of 16.40% and a net margin of 13.85%.The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 earnings per share. On average, sell-side analysts forecast that Morgan Stanley will post 8.56 earnings per share for the current fiscal year.

Morgan Stanley Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $4.00 annualized dividend and a yield of 2.2%. Morgan Stanley’s dividend payout ratio (DPR) is presently 41.03%.

Morgan Stanley Company Profile

(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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