Neuberger Berman Group LLC grew its holdings in shares of Morgan Stanley (NYSE:MS) by 59.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 710,151 shares of the financial services provider’s stock after acquiring an additional 264,624 shares during the period. Neuberger Berman Group LLC’s holdings in Morgan Stanley were worth $38,319,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its stake in Morgan Stanley by 406.5% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,869 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 1,500 shares in the last quarter. Exane Derivatives grew its stake in Morgan Stanley by 303.9% in the fourth quarter. Exane Derivatives now owns 1,979 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 1,489 shares in the last quarter. First Dallas Securities Inc. acquired a new position in Morgan Stanley in the fourth quarter worth about $121,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Morgan Stanley by 119.4% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,800 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 1,524 shares in the last quarter. Finally, Risk Paradigm Group LLC grew its stake in Morgan Stanley by 624.8% in the fourth quarter. Risk Paradigm Group LLC now owns 2,899 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 2,499 shares in the last quarter. Institutional investors own 85.26% of the company’s stock.
MS has been the subject of a number of research reports. Sanford C. Bernstein initiated coverage on Morgan Stanley in a research note on Monday, April 9th. They issued an “underperform” rating and a $51.00 price target for the company. Vining Sparks reiterated a “buy” rating and issued a $67.00 price target on shares of Morgan Stanley in a research note on Wednesday, April 18th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $62.00 price target on shares of Morgan Stanley in a research note on Thursday, April 5th. Credit Suisse Group lifted their price target on Morgan Stanley from $61.00 to $62.00 and gave the stock an “outperform” rating in a research note on Thursday, April 19th. Finally, Barclays lifted their price target on Morgan Stanley from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Morgan Stanley presently has an average rating of “Buy” and an average price target of $56.15.
Shares of Morgan Stanley opened at $54.35 on Thursday, MarketBeat reports. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.82 and a quick ratio of 0.82. Morgan Stanley has a 52 week low of $41.07 and a 52 week high of $59.38. The company has a market capitalization of $97.15 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 0.91 and a beta of 1.55.
Morgan Stanley (NYSE:MS) last issued its earnings results on Wednesday, April 18th. The financial services provider reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.17. The company had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $10.37 billion. Morgan Stanley had a return on equity of 11.10% and a net margin of 15.09%. Morgan Stanley’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share. analysts predict that Morgan Stanley will post 4.72 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.84%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.78%.
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. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.
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