Morgan Stanley (MS) Stake Lessened by Keybank National Association OH
Keybank National Association OH trimmed its holdings in Morgan Stanley (NYSE:MS) by 12.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 615,884 shares of the financial services provider’s stock after selling 84,132 shares during the period. Keybank National Association OH’s holdings in Morgan Stanley were worth $32,316,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MS. Raymond James Financial Services Advisors Inc. increased its stake in shares of Morgan Stanley by 39.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 46,369 shares of the financial services provider’s stock worth $2,066,000 after purchasing an additional 13,000 shares during the period. Verition Fund Management LLC increased its stake in shares of Morgan Stanley by 16.8% during the second quarter. Verition Fund Management LLC now owns 7,947 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 1,142 shares during the period. Colony Group LLC bought a new position in Morgan Stanley during the 2nd quarter worth $212,000. Dynamic Technology Lab Private Ltd bought a new position in Morgan Stanley during the 2nd quarter worth $714,000. Finally, WFG Advisors LP increased its stake in Morgan Stanley by 45.4% during the 2nd quarter. WFG Advisors LP now owns 2,690 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 840 shares during the period. 86.55% of the stock is owned by institutional investors.
A number of equities analysts have commented on MS shares. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, January 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $63.00 price target on shares of Morgan Stanley in a research note on Friday, December 22nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Morgan Stanley in a research note on Monday, November 20th. Buckingham Research lifted their price target on Morgan Stanley from $54.00 to $57.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Finally, Credit Suisse Group upgraded Morgan Stanley to a “buy” rating and set a $58.00 price target on the stock in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $54.07.
Morgan Stanley (NYSE:MS) last announced its earnings results on Thursday, January 18th. The financial services provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.77 by $0.07. The firm had revenue of $9.50 billion for the quarter, compared to the consensus estimate of $9.25 billion. Morgan Stanley had a return on equity of 10.03% and a net margin of 14.10%. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS. equities analysts anticipate that Morgan Stanley will post 4.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Tuesday, January 30th. Morgan Stanley’s payout ratio is presently 32.36%.
In other news, insider Keishi Hotsuki sold 25,000 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alistair Darling sold 3,850 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $49.29, for a total value of $189,766.50. Following the completion of the transaction, the director now directly owns 14,218 shares in the company, valued at $700,805.22. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.
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Morgan Stanley 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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