Morgan Stanley (MS) Position Reduced by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in Morgan Stanley (NYSE:MS) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,940,427 shares of the financial services provider’s stock after selling 214,195 shares during the quarter. Bank of Montreal Can owned 0.35% of Morgan Stanley worth $235,539,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vigilant Capital Management LLC lifted its stake in shares of Morgan Stanley by 183.8% in the fourth quarter. Vigilant Capital Management LLC now owns 1,158 shares of the financial services provider’s stock worth $46,000 after buying an additional 750 shares in the last quarter. Girard Partners LTD. purchased a new position in shares of Morgan Stanley during the third quarter valued at approximately $115,000. Harvest Fund Management Co. Ltd raised its holdings in shares of Morgan Stanley by 108.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,815 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 1,467 shares during the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in shares of Morgan Stanley during the third quarter valued at approximately $157,000. Finally, Cerebellum GP LLC purchased a new position in shares of Morgan Stanley during the third quarter valued at approximately $168,000. Institutional investors own 85.67% of the company’s stock.

In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 15,565 shares of the firm’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $43.38, for a total transaction of $675,209.70. Following the transaction, the insider now owns 112,420 shares of the company’s stock, valued at approximately $4,876,779.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

Several research analysts have recently weighed in on MS shares. Wells Fargo & Co raised shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $56.00 to $60.00 in a report on Wednesday, October 24th. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Tuesday, November 20th. Credit Suisse Group reduced their price objective on shares of Morgan Stanley from $62.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, December 7th. Keefe, Bruyette & Woods cut shares of Morgan Stanley from an “outperform” rating to a “hold” rating and set a $45.00 price objective for the company. in a research note on Tuesday, December 11th. Finally, Barclays reduced their price objective on shares of Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 2nd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $56.38.

MS stock opened at $41.19 on Thursday. The stock has a market capitalization of $70.78 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.71 and a beta of 1.20. Morgan Stanley has a 12 month low of $36.74 and a 12 month high of $59.38. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.67.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, January 17th. The financial services provider reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.17). The company had revenue of $8.55 billion during the quarter, compared to analysts’ expectations of $9.32 billion. Morgan Stanley had a return on equity of 12.08% and a net margin of 17.43%. The company’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.84 EPS. On average, equities research analysts expect that Morgan Stanley will post 4.99 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Thursday, January 31st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Wednesday, January 30th. Morgan Stanley’s dividend payout ratio (DPR) is 26.03%.

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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. The company operates Institutional Securities, Wealth Management, and Investment Management segments.

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Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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