Nuveen Asset Management LLC Sells 242,298 Shares of Morgan Stanley (NYSE:MS)

Nuveen Asset Management LLC reduced its position in Morgan Stanley (NYSE:MSGet Rating) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,567,314 shares of the financial services provider’s stock after selling 242,298 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.03% of Morgan Stanley worth $1,822,567,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. JFS Wealth Advisors LLC raised its holdings in shares of Morgan Stanley by 61.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 265 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 101 shares during the period. Legacy Financial Advisors Inc. grew its position in Morgan Stanley by 2.3% during the fourth quarter. Legacy Financial Advisors Inc. now owns 4,562 shares of the financial services provider’s stock valued at $448,000 after acquiring an additional 102 shares during the last quarter. North Star Investment Management Corp. grew its position in Morgan Stanley by 2.0% during the fourth quarter. North Star Investment Management Corp. now owns 5,230 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 104 shares during the last quarter. Berkshire Asset Management LLC PA grew its stake in shares of Morgan Stanley by 0.9% during the third quarter. Berkshire Asset Management LLC PA now owns 12,758 shares of the financial services provider’s stock valued at $1,241,000 after buying an additional 114 shares during the last quarter. Finally, Palisade Asset Management LLC grew its stake in shares of Morgan Stanley by 0.4% during the fourth quarter. Palisade Asset Management LLC now owns 28,956 shares of the financial services provider’s stock valued at $2,842,000 after buying an additional 114 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

A number of equities analysts recently commented on the company. Odeon Capital Group downgraded Morgan Stanley from a “buy” rating to a “hold” rating in a report on Friday, January 28th. The Goldman Sachs Group set a $105.00 target price on Morgan Stanley in a report on Wednesday, April 20th. Oppenheimer upgraded shares of Morgan Stanley from a “market perform” rating to an “outperform” rating and set a $111.00 target price on the stock in a research note on Tuesday, May 3rd. BMO Capital Markets upped their price target on Morgan Stanley from $110.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 18th. Finally, Piper Sandler lowered their price target on Morgan Stanley from $112.00 to $100.00 and set a “neutral” rating on the stock in a report on Tuesday, April 5th. Twelve equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Morgan Stanley presently has an average rating of “Hold” and an average target price of $107.06.

Shares of Morgan Stanley stock traded up $2.77 on Thursday, reaching $85.00. 8,567,173 shares of the stock were exchanged, compared to its average volume of 10,678,989. The firm has a market capitalization of $148.69 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.35 and a beta of 1.42. The business has a 50 day moving average price of $85.40 and a two-hundred day moving average price of $93.63. Morgan Stanley has a twelve month low of $76.75 and a twelve month high of $109.73. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.39.

Morgan Stanley (NYSE:MSGet Rating) last issued its quarterly earnings data on Thursday, April 14th. The financial services provider reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $14.16 billion. During the same quarter in the prior year, the firm posted $2.22 earnings per share. The company’s revenue was down 5.8% compared to the same quarter last year. Research analysts forecast that Morgan Stanley will post 7.38 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were given a dividend of $0.70 per share. The ex-dividend date was Thursday, April 28th. This represents a $2.80 annualized dividend and a dividend yield of 3.29%. Morgan Stanley’s dividend payout ratio (DPR) is presently 35.62%.

In other Morgan Stanley news, Director Stephen J. Luczo acquired 25,000 shares of the business’s stock in a transaction on Thursday, May 12th. The stock was bought at an average price of $79.30 per share, for a total transaction of $1,982,500.00. Following the acquisition, the director now owns 179,449 shares in the company, valued at $14,230,305.70. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.26% of the stock is owned by corporate insiders.

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.

See Also

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

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