Swedbank AB lifted its position in Morgan Stanley (NYSE:MS – Free Report) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 837,985 shares of the financial services provider’s stock after acquiring an additional 13,231 shares during the period. Swedbank AB owned 0.05% of Morgan Stanley worth $87,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton lifted its holdings in shares of Morgan Stanley by 2.6% during the third quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 96 shares during the period. Omnia Family Wealth LLC raised its position in Morgan Stanley by 3.3% during the 3rd quarter. Omnia Family Wealth LLC now owns 3,063 shares of the financial services provider’s stock worth $319,000 after buying an additional 97 shares during the last quarter. TFB Advisors LLC lifted its stake in Morgan Stanley by 3.9% during the 3rd quarter. TFB Advisors LLC now owns 2,662 shares of the financial services provider’s stock valued at $277,000 after acquiring an additional 99 shares during the period. Compagnie Lombard Odier SCmA boosted its holdings in shares of Morgan Stanley by 0.3% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock valued at $3,529,000 after acquiring an additional 100 shares during the last quarter. Finally, Lansing Street Advisors increased its stake in shares of Morgan Stanley by 0.8% in the third quarter. Lansing Street Advisors now owns 12,284 shares of the financial services provider’s stock worth $1,280,000 after acquiring an additional 103 shares during the period. Hedge funds and other institutional investors own 84.19% of the company’s stock.
Insiders Place Their Bets
In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total value of $7,150,200.00. Following the transaction, the director now directly owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This trade represents a 30.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.24% of the stock is currently owned by corporate insiders.
Morgan Stanley Stock Down 0.2 %
Morgan Stanley (NYSE:MS – Get Free Report) last posted its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping the consensus estimate of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The company had revenue of $15.38 billion during the quarter, compared to analyst estimates of $14.27 billion. Equities analysts forecast that Morgan Stanley will post 7.32 earnings per share for the current fiscal year.
Morgan Stanley Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were paid a $0.925 dividend. This represents a $3.70 annualized dividend and a yield of 2.75%. The ex-dividend date was Thursday, October 31st. Morgan Stanley’s dividend payout ratio is currently 56.32%.
Analyst Ratings Changes
A number of research firms recently issued reports on MS. UBS Group boosted their target price on shares of Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group upped their target price on Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Hsbc Global Res raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Wells Fargo & Company raised Morgan Stanley from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $107.00 to $142.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group raised their price objective on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $112.94.
Read Our Latest Stock Report on MS
Morgan Stanley Profile
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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