Morgan Stanley (NYSE:MS) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lessened its stake in shares of Morgan Stanley (NYSE:MSGet Rating) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,715,719 shares of the financial services provider’s stock after selling 345,245 shares during the quarter. Bank of Montreal Can’s holdings in Morgan Stanley were worth $968,657,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MS. Capital Research Global Investors increased its position in Morgan Stanley by 1,146.5% during the 3rd quarter. Capital Research Global Investors now owns 9,552,799 shares of the financial services provider’s stock worth $929,583,000 after purchasing an additional 8,786,406 shares in the last quarter. Wellington Management Group LLP increased its position in Morgan Stanley by 11.7% during the 3rd quarter. Wellington Management Group LLP now owns 42,695,321 shares of the financial services provider’s stock worth $4,154,682,000 after purchasing an additional 4,477,785 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Morgan Stanley by 9.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 14,133,386 shares of the financial services provider’s stock valued at $1,375,319,000 after buying an additional 1,229,381 shares during the period. SG Americas Securities LLC grew its holdings in Morgan Stanley by 1,808.7% in the 4th quarter. SG Americas Securities LLC now owns 1,197,998 shares of the financial services provider’s stock valued at $117,595,000 after buying an additional 1,135,234 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Morgan Stanley by 9.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 10,251,695 shares of the financial services provider’s stock valued at $997,592,000 after buying an additional 921,218 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

In other news, Director Stephen J. Luczo acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 12th. The shares were purchased at an average cost of $79.30 per share, for a total transaction of $1,982,500.00. Following the transaction, the director now directly owns 179,449 shares in the company, valued at approximately $14,230,305.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Several analysts have commented on MS shares. Odeon Capital Group cut Morgan Stanley from a “buy” rating to a “hold” rating in a report on Friday, January 28th. Zacks Investment Research cut Morgan Stanley from a “buy” rating to a “hold” rating and set a $91.00 price target for the company. in a report on Wednesday, March 16th. Oppenheimer upgraded Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $111.00 target price for the company in a report on Tuesday, May 3rd. The Goldman Sachs Group set a $105.00 target price on Morgan Stanley in a report on Wednesday, April 20th. Finally, BMO Capital Markets boosted their target price on Morgan Stanley from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 18th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $107.06.

Shares of NYSE MS traded up $3.02 during midday trading on Tuesday, hitting $82.92. The company’s stock had a trading volume of 495,200 shares, compared to its average volume of 9,546,070. Morgan Stanley has a 1-year low of $76.75 and a 1-year high of $109.73. The firm’s fifty day moving average price is $86.31 and its 200-day moving average price is $94.53. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $145.05 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.36 and a beta of 1.41.

Morgan Stanley (NYSE:MSGet Rating) last posted its quarterly earnings results on Thursday, April 14th. The financial services provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.69 by $0.37. Morgan Stanley had a net margin of 24.21% and a return on equity of 15.15%. The business had revenue of $14.80 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the business posted $2.22 EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. As a group, research analysts predict that Morgan Stanley will post 7.38 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were given a $0.70 dividend. The ex-dividend date was Thursday, April 28th. This represents a $2.80 annualized dividend and a yield of 3.38%. Morgan Stanley’s dividend payout ratio is presently 35.62%.

Morgan Stanley Company Profile (Get Rating)

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

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