Vestmark Advisory Solutions Inc. grew its stake in shares of Morgan Stanley (NYSE:MS – Free Report) by 103.7% during the 4th quarter, Holdings Channel reports. The firm owned 7,482 shares of the financial services provider’s stock after buying an additional 3,809 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Morgan Stanley were worth $941,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Peoples Bank KS acquired a new position in Morgan Stanley during the fourth quarter worth $25,000. Rakuten Securities Inc. grew its position in shares of 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 acquiring an additional 174 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Morgan Stanley during the 4th quarter worth about $35,000. Capital Performance Advisors LLP bought a new stake in shares of Morgan Stanley in the 3rd quarter valued at about $36,000. Finally, Planning Capital Management Corp raised its holdings in shares of Morgan Stanley by 115.1% in the 3rd quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 191 shares during the period. Institutional investors own 84.19% of the company’s stock.
Morgan Stanley Stock Performance
Shares of NYSE:MS opened at $119.12 on Friday. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. Morgan Stanley has a 12-month low of $85.01 and a 12-month high of $142.03. The company’s 50 day moving average price is $132.56 and its two-hundred day moving average price is $121.83. The firm has a market cap of $192.12 billion, a PE ratio of 15.00, a PEG ratio of 1.18 and a beta of 1.35.
Morgan Stanley Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were paid a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Friday, January 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 46.60%.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on MS shares. Hsbc Global Res downgraded Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Bank of America boosted their target price on Morgan Stanley from $146.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Keefe, Bruyette & Woods raised their price target on Morgan Stanley from $138.00 to $145.00 and gave the company a “market perform” rating in a report on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, January 13th. Finally, Evercore ISI increased their price objective on shares of Morgan Stanley from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, January 17th. Eleven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $131.27.
Insider Buying and Selling
In other Morgan Stanley news, insider Eric F. Grossman sold 13,097 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $136.20, for a total value of $1,783,811.40. Following the sale, the insider now owns 197,444 shares of the company’s stock, valued at approximately $26,891,872.80. This trade represents a 6.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Raja Akram sold 17,500 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $136.01, for a total value of $2,380,175.00. Following the transaction, the chief financial officer now directly owns 81,440 shares of the company’s stock, valued at $11,076,654.40. This trade represents a 17.69 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
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.
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