Annex Advisory Services LLC Has $31.77 Million Stock Holdings in Morgan Stanley (NYSE:MS)

Annex Advisory Services LLC decreased its position in shares of Morgan Stanley (NYSE:MS) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,714 shares of the financial services provider’s stock after selling 8,405 shares during the period. Morgan Stanley accounts for approximately 1.0% of Annex Advisory Services LLC’s portfolio, making the stock its 24th biggest position. Annex Advisory Services LLC’s holdings in Morgan Stanley were worth $31,771,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peoples Bank KS acquired a new position in shares of Morgan Stanley during the 4th quarter worth $25,000. Northwest Investment Counselors LLC acquired a new position in Morgan Stanley during the third quarter worth $26,000. Rakuten Securities Inc. raised its holdings in Morgan Stanley by 138.1% during the third quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after buying an additional 174 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Morgan Stanley in the third quarter worth about $36,000. Finally, Planning Capital Management Corp boosted its stake in shares of Morgan Stanley by 115.1% during the 3rd quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 191 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Morgan Stanley Stock Performance

Shares of NYSE MS opened at $137.78 on Monday. The firm has a market capitalization of $221.97 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 0.97 and a beta of 1.36. Morgan Stanley has a one year low of $83.09 and a one year high of $138.08. The business has a fifty day simple moving average of $129.05 and a 200 day simple moving average of $113.67. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Thursday, January 16th. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.68. The company had revenue of $16.23 billion during the quarter, compared to analysts’ expectations of $15.03 billion. Morgan Stanley had a net margin of 10.64% and a return on equity of 12.58%. The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.13 EPS. Sell-side analysts expect that Morgan Stanley will post 7.39 EPS for the current year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Friday, January 31st. Morgan Stanley’s payout ratio is 56.32%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MS shares. Jefferies Financial Group boosted their target price on Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Hsbc Global Res downgraded shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Royal Bank of Canada lifted their target price on shares of Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. Evercore ISI upped their price target on shares of Morgan Stanley from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday. Finally, UBS Group lifted their price objective on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Morgan Stanley currently has a consensus rating of “Hold” and an average price target of $129.40.

About Morgan Stanley

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.