Assenagon Asset Management S.A. Has $5.10 Million Stake in Morgan Stanley (NYSE:MS)

Assenagon Asset Management S.A. lifted its position in shares of Morgan Stanley (NYSE:MSFree Report) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,443 shares of the financial services provider’s stock after purchasing an additional 1,431 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Morgan Stanley were worth $5,100,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC raised its position in Morgan Stanley by 0.9% in the 2nd quarter. Parallel Advisors LLC now owns 42,813 shares of the financial services provider’s stock valued at $3,656,000 after buying an additional 395 shares during the last quarter. Schroder Investment Management Group raised its position in Morgan Stanley by 6.6% in the 2nd quarter. Schroder Investment Management Group now owns 3,363,735 shares of the financial services provider’s stock valued at $287,263,000 after buying an additional 208,026 shares during the last quarter. Wolff Wiese Magana LLC raised its position in Morgan Stanley by 3.2% in the 3rd quarter. Wolff Wiese Magana LLC now owns 18,896 shares of the financial services provider’s stock valued at $1,543,000 after buying an additional 580 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its position in Morgan Stanley by 19.2% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 3,120 shares of the financial services provider’s stock valued at $266,000 after buying an additional 503 shares during the last quarter. Finally, Calamos Wealth Management LLC raised its position in Morgan Stanley by 2.9% in the 3rd quarter. Calamos Wealth Management LLC now owns 10,400 shares of the financial services provider’s stock valued at $849,000 after buying an additional 290 shares during the last quarter. 83.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MS. HSBC lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $96.00 price target for the company. in a research report on Tuesday, January 9th. Barclays raised their target price on Morgan Stanley from $102.00 to $116.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $85.00 target price on shares of Morgan Stanley in a research report on Thursday, December 21st. Societe Generale lowered Morgan Stanley from a “buy” rating to a “hold” rating and set a $80.00 target price for the company. in a research report on Tuesday, November 28th. Finally, Evercore ISI decreased their target price on Morgan Stanley from $102.00 to $97.00 and set an “outperform” rating for the company in a research report on Thursday, October 19th. Thirteen equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $94.56.

Get Our Latest Analysis on Morgan Stanley

Morgan Stanley Stock Up 1.0 %

Shares of NYSE MS opened at $87.63 on Wednesday. Morgan Stanley has a 52 week low of $69.42 and a 52 week high of $100.99. The business has a 50-day simple moving average of $87.08 and a two-hundred day simple moving average of $84.25. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.70. The company has a market cap of $143.83 billion, a P/E ratio of 16.95, a P/E/G ratio of 1.77 and a beta of 1.43.

Morgan Stanley (NYSE:MSGet Free Report) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.13 EPS for the quarter, topping the consensus estimate of $1.07 by $0.06. Morgan Stanley had a return on equity of 10.33% and a net margin of 9.49%. The business had revenue of $12.90 billion during the quarter, compared to the consensus estimate of $12.77 billion. During the same quarter last year, the company earned $1.31 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. Research analysts anticipate that Morgan Stanley will post 6.38 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.85 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $3.40 annualized dividend and a yield of 3.88%. Morgan Stanley’s dividend payout ratio is currently 65.76%.

Insider Activity

In other news, insider Andrew M. Saperstein sold 10,000 shares of Morgan Stanley stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $84.13, for a total transaction of $841,300.00. Following the completion of the sale, the insider now owns 323,490 shares in the company, valued at approximately $27,215,213.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Andrew M. Saperstein sold 10,000 shares of Morgan Stanley stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $84.13, for a total transaction of $841,300.00. Following the completion of the sale, the insider now owns 323,490 shares in the company, valued at approximately $27,215,213.70. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Raja Akram sold 7,000 shares of Morgan Stanley stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $83.56, for a total value of $584,920.00. Following the sale, the chief financial officer now owns 97,634 shares of the company’s stock, valued at approximately $8,158,297.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,000 shares of company stock worth $5,822,720. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Company Profile

(Free Report)

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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