Morgan Stanley (NYSE:MS) Shares Sold by Albion Financial Group UT

by · The Markets Daily

Albion Financial Group UT lessened its stake in Morgan Stanley (NYSE:MS – Free Report) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 65,279 shares of the financial services provider’s stock after selling 1,188 shares during the period. Albion Financial Group UT’s holdings in Morgan Stanley were worth $8,207,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Peoples Bank KS acquired a new stake in shares of Morgan Stanley in the fourth quarter worth $25,000. Northwest Investment Counselors LLC purchased a new stake in Morgan Stanley during the 3rd quarter worth $26,000. Rakuten Securities Inc. increased its holdings in Morgan Stanley by 138.1% in the 3rd quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Morgan Stanley in the third quarter valued at about $36,000. Finally, Planning Capital Management Corp lifted its stake in shares of Morgan Stanley by 115.1% during the third quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 191 shares in the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Morgan Stanley Trading Down 0.3 %

Morgan Stanley stock opened at $137.42 on Wednesday. Morgan Stanley has a 1 year low of $83.09 and a 1 year high of $138.08. The firm’s 50-day moving average is $129.24 and its 200-day moving average is $114.30. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $221.39 billion, a P/E ratio of 17.31, a PEG ratio of 1.25 and a beta of 1.36.

Morgan Stanley (NYSE:MS – Get Free Report) last issued its earnings results on Thursday, January 16th. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.68. The firm had revenue of $16.23 billion for 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%. Morgan Stanley’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the company posted $1.13 earnings per share. On average, equities analysts expect that Morgan Stanley will post 8.32 earnings per share for the current year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.925 per share. The ex-dividend date is Friday, January 31st. This represents a $3.70 dividend on an annualized basis and a yield of 2.69%. Morgan Stanley’s payout ratio is currently 46.60%.

Analyst Ratings Changes

Several equities research analysts recently commented on MS shares. Keefe, Bruyette & Woods raised their target price on Morgan Stanley from $138.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, January 17th. UBS Group boosted their target price on shares of Morgan Stanley from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday. Royal Bank of Canada raised their price target on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a report on Thursday, October 17th. Evercore ISI boosted their price objective on shares of Morgan Stanley from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Morgan Stanley presently has a consensus rating of “Hold” and an average target price of $131.27.

Get Our Latest Analysis on MS

Morgan Stanley 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.

See Also

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