DekaBank Deutsche Girozentrale Has $11.57 Million Stake in Morgan Stanley (MS)
DekaBank Deutsche Girozentrale decreased its position in shares of Morgan Stanley (NYSE:MS) by 37.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,688 shares of the financial services provider’s stock after selling 149,394 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Morgan Stanley were worth $11,574,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of MS. IHT Wealth Management LLC lifted its position in shares of Morgan Stanley by 122.4% during the 1st quarter. IHT Wealth Management LLC now owns 7,396 shares of the financial services provider’s stock valued at $309,000 after buying an additional 4,071 shares in the last quarter. Janus Capital Management LLC lifted its holdings in Morgan Stanley by 32.2% in the 1st quarter. Janus Capital Management LLC now owns 12,159,681 shares of the financial services provider’s stock valued at $520,921,000 after purchasing an additional 2,962,234 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in Morgan Stanley by 13.3% in the 1st quarter. Salem Investment Counselors Inc. now owns 14,015 shares of the financial services provider’s stock valued at $591,000 after purchasing an additional 1,649 shares in the last quarter. Bank of Nova Scotia lifted its holdings in Morgan Stanley by 464.6% in the 1st quarter. Bank of Nova Scotia now owns 351,773 shares of the financial services provider’s stock valued at $15,070,000 after purchasing an additional 448,250 shares in the last quarter. Finally, Achmea Investment Management B.V. purchased a new position in Morgan Stanley in the 1st quarter valued at $6,084,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.
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In related news, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the transaction, the president now directly owns 692,037 shares in the company, valued at $35,010,151.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey S. Brodsky sold 16,397 shares of the stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total value of $820,997.79. Following the transaction, the insider now owns 111,776 shares in the company, valued at $5,596,624.32. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.
Morgan Stanley (MS) traded up $0.50 during trading on Friday, reaching $48.60. The company’s stock had a trading volume of 7,788,900 shares, compared to its average volume of 9,520,461. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a market capitalization of $87,650.00, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. Morgan Stanley has a 12 month low of $38.72 and a 12 month high of $51.52.
Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.12. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.05 billion. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. Morgan Stanley’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. equities research analysts anticipate that Morgan Stanley will post 3.57 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s dividend payout ratio (DPR) is 27.62%.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Morgan Stanley from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Credit Suisse Group upgraded Morgan Stanley from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $49.00 to $54.00 in a report on Monday, October 9th. Citigroup Inc. reiterated a “neutral” rating and set a $50.00 price target (up previously from $46.00) on shares of Morgan Stanley in a report on Monday, October 9th. BMO Capital Markets reiterated a “top pick” rating and set a $69.00 price target on shares of Morgan Stanley in a report on Wednesday, October 18th. Finally, Buckingham Research lifted their price target on Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $50.39.
Morgan Stanley Company Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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