Perigon Wealth Management LLC boosted its stake in Morgan Stanley (NYSE:MS) by 153.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,150 shares of the financial services provider’s stock after acquiring an additional 7,354 shares during the period. Perigon Wealth Management LLC’s holdings in Morgan Stanley were worth $833,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of MS. Vaughan Nelson Investment Management L.P. acquired a new position in Morgan Stanley in the 3rd quarter valued at about $85,256,000. Jupiter Asset Management Ltd. acquired a new position in Morgan Stanley in the 3rd quarter valued at about $67,330,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Morgan Stanley by 183.2% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,341,070 shares of the financial services provider’s stock valued at $95,336,000 after acquiring an additional 867,504 shares during the period. Ninety One UK Ltd increased its position in Morgan Stanley by 41.5% in the 3rd quarter. Ninety One UK Ltd now owns 2,525,026 shares of the financial services provider’s stock valued at $122,085,000 after acquiring an additional 741,117 shares during the period. Finally, Artemis Investment Management LLP acquired a new position in Morgan Stanley in the 4th quarter valued at about $49,760,000. Hedge funds and other institutional investors own 76.79% of the company’s stock.
In other Morgan Stanley news, CEO James P. Gorman sold 175,000 shares of the stock in a transaction on Friday, January 22nd. The stock was sold at an average price of $73.12, for a total transaction of $12,796,000.00. Following the transaction, the chief executive officer now owns 1,249,000 shares of the company’s stock, valued at approximately $91,326,880. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jonathan Pruzan sold 18,880 shares of the stock in a transaction on Friday, January 22nd. The stock was sold at an average price of $74.53, for a total value of $1,407,126.40. Following the transaction, the chief financial officer now directly owns 287,834 shares in the company, valued at approximately $21,452,268.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 212,380 shares of company stock worth $15,582,671. 0.26% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on the company. BMO Capital Markets boosted their price target on Morgan Stanley from $78.00 to $81.00 and gave the company an “outperform” rating in a research report on Wednesday, January 20th. DA Davidson boosted their target price on Morgan Stanley from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, January 21st. Zacks Investment Research upgraded Morgan Stanley from a “hold” rating to a “strong-buy” rating and set a $85.00 target price on the stock in a research report on Monday, January 25th. Daiwa Capital Markets began coverage on Morgan Stanley in a research report on Wednesday, January 6th. They set a “neutral” rating and a $71.00 target price on the stock. Finally, Berenberg Bank boosted their target price on Morgan Stanley from $45.00 to $50.00 and gave the stock a “hold” rating in a research report on Monday, October 19th. Eight research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $66.05.
MS stock opened at $67.05 on Friday. Morgan Stanley has a 1 year low of $27.20 and a 1 year high of $77.76. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50 day moving average price is $70.23 and its 200 day moving average price is $57.06. The firm has a market cap of $121.31 billion, a P/E ratio of 11.31, a PEG ratio of 2.17 and a beta of 1.59.
Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, January 19th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.29 by $0.63. Morgan Stanley had a return on equity of 12.33% and a net margin of 19.16%. The firm had revenue of $13.64 billion for the quarter, compared to analyst estimates of $11.53 billion. During the same quarter in the prior year, the company earned $1.20 EPS. Morgan Stanley’s revenue was up 25.6% on a year-over-year basis. On average, research analysts predict that Morgan Stanley will post 5.93 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 12th. Investors of record on Friday, January 29th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, January 28th. Morgan Stanley’s payout ratio is currently 28.11%.
Morgan Stanley Company 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. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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