Private Portfolio Partners LLC Has $641,000 Stock Holdings in Morgan Stanley (NYSE:MS)
by Jessica Moore · The Cerbat GemPrivate Portfolio Partners LLC grew its position in Morgan Stanley (NYSE:MS – Free Report) by 1.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,505 shares of the financial services provider’s stock after purchasing an additional 142 shares during the period. Private Portfolio Partners LLC’s holdings in Morgan Stanley were worth $641,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in shares of Morgan Stanley by 114.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 23,059,090 shares of the financial services provider’s stock worth $2,024,589,000 after buying an additional 12,321,786 shares during the period. Norges Bank bought a new position in Morgan Stanley during the 4th quarter worth approximately $956,566,000. Moneta Group Investment Advisors LLC grew its holdings in Morgan Stanley by 125,756.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,641,190 shares of the financial services provider’s stock valued at $904,714,000 after purchasing an additional 10,632,735 shares during the period. Bank Julius Baer & Co. Ltd Zurich increased its stake in Morgan Stanley by 96,878.4% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,727,085 shares of the financial services provider’s stock valued at $745,293,000 after purchasing an additional 8,718,086 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board acquired a new stake in Morgan Stanley in the first quarter worth $451,711,000. Institutional investors own 83.09% of the company’s stock.
Insider Buying and Selling at Morgan Stanley
In other Morgan Stanley news, major shareholder Stanley Morgan sold 135 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $50,000.00, for a total value of $6,750,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.24% of the company’s stock.
Morgan Stanley Stock Performance
Shares of MS stock traded up $0.40 on Tuesday, reaching $83.22. The stock had a trading volume of 619,284 shares, compared to its average volume of 7,620,734. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $100.99. The firm has a market capitalization of $136.59 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 2.40 and a beta of 1.40. The firm’s 50-day moving average is $77.08 and its two-hundred day moving average is $83.08. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.70.
Morgan Stanley (NYSE:MS – Get Free Report) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.07. Morgan Stanley had a return on equity of 10.70% and a net margin of 10.86%. The firm had revenue of $13.27 billion for the quarter, compared to analyst estimates of $13.22 billion. During the same quarter in the prior year, the company earned $1.53 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts expect that Morgan Stanley will post 5.58 EPS for the current fiscal year.
Morgan Stanley Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Monday, October 30th. Morgan Stanley’s dividend payout ratio is 60.93%.
Analysts Set New Price Targets
A number of analysts recently commented on MS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $90.00 price objective on shares of Morgan Stanley in a research report on Monday, September 25th. Societe Generale downgraded Morgan Stanley from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a report on Tuesday, November 28th. HSBC began coverage on Morgan Stanley in a research report on Thursday, September 7th. They set a “buy” rating and a $99.00 price target on the stock. Odeon Capital Group cut Morgan Stanley from a “buy” rating to a “hold” rating and set a $79.15 target price for the company. in a research note on Monday, October 23rd. Finally, Oppenheimer lifted their price target on shares of Morgan Stanley from $98.00 to $103.00 and gave the company an “outperform” rating in a research note on Thursday, November 16th. Ten analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.43.
About Morgan Stanley
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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