Norinchukin Bank The Increases Holdings in Morgan Stanley (MS)
Norinchukin Bank The lifted its position in shares of Morgan Stanley (NYSE:MS) by 5.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 102,623 shares of the financial services provider’s stock after buying an additional 5,648 shares during the quarter. Norinchukin Bank The’s holdings in Morgan Stanley were worth $4,943,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of MS. ING Groep NV raised its stake in Morgan Stanley by 8.7% in the third quarter. ING Groep NV now owns 81,885 shares of the financial services provider’s stock valued at $3,944,000 after purchasing an additional 6,573 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Morgan Stanley by 2.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 404,298 shares of the financial services provider’s stock valued at $19,475,000 after acquiring an additional 10,935 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its position in Morgan Stanley by 15.7% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 49,265 shares of the financial services provider’s stock valued at $2,373,000 after acquiring an additional 6,685 shares during the last quarter. Systematic Financial Management LP grew its position in Morgan Stanley by 1.9% in the third quarter. Systematic Financial Management LP now owns 109,955 shares of the financial services provider’s stock valued at $5,297,000 after acquiring an additional 2,043 shares during the last quarter. Finally, Skba Capital Management LLC grew its position in Morgan Stanley by 5.8% in the third quarter. Skba Capital Management LLC now owns 393,000 shares of the financial services provider’s stock valued at $18,931,000 after acquiring an additional 21,400 shares during the last quarter. 85.67% of the stock is owned by institutional investors.
In other Morgan Stanley news, insider Jeffrey S. Brodsky sold 16,397 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $50.07, for a total transaction of $820,997.79. Following the sale, the insider now owns 111,776 shares of the company’s stock, valued at approximately $5,596,624.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas Colm Kelleher sold 40,000 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $50.59, for a total value of $2,023,600.00. Following the sale, the president now directly owns 692,037 shares in the company, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
Morgan Stanley (NYSE:MS) traded down $0.20 during trading hours on Wednesday, hitting $49.19. The company had a trading volume of 1,978,761 shares, compared to its average volume of 9,462,873. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $88,785.92, a P/E ratio of 13.60, a P/E/G ratio of 1.13 and a beta of 1.66. Morgan Stanley has a 12 month low of $39.97 and a 12 month high of $51.52.
Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. Morgan Stanley had a return on equity of 10.07% and a net margin of 16.76%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.05 billion. During the same period in the prior year, the business posted $0.80 earnings per share. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. equities research analysts predict that Morgan Stanley will post 3.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.25 per share. The ex-dividend date was Monday, October 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.03%. Morgan Stanley’s dividend payout ratio is 27.70%.
MS has been the topic of several recent analyst reports. J P Morgan Chase & Co set a $53.00 price target on Morgan Stanley and gave the company a “buy” rating in a research note on Friday, September 15th. Barclays PLC upped their target price on Morgan Stanley from $48.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Berenberg Bank reaffirmed a “hold” rating and set a $40.00 target price on shares of Morgan Stanley in a research report on Thursday, September 21st. ValuEngine downgraded Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, Credit Suisse Group upgraded Morgan Stanley from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $49.00 to $54.00 in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $50.39.
Morgan Stanley Profile
Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.
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