Evolution Wealth Advisors LLC increased its stake in Morgan Stanley (NYSE:MS) by 909.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,110 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Morgan Stanley were worth $54,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sigma Planning Corp grew its position in shares of Morgan Stanley by 14.0% in the second quarter. Sigma Planning Corp now owns 10,691 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 1,312 shares in the last quarter. Nordea Investment Management AB grew its position in Morgan Stanley by 203.0% during the second quarter. Nordea Investment Management AB now owns 2,037,850 shares of the financial services provider’s stock worth $96,696,000 after buying an additional 1,365,298 shares in the last quarter. State of Alaska Department of Revenue grew its position in Morgan Stanley by 21.5% during the second quarter. State of Alaska Department of Revenue now owns 299,843 shares of the financial services provider’s stock worth $14,482,000 after buying an additional 53,079 shares in the last quarter. Wealthfront Advisers LLC grew its position in Morgan Stanley by 16.4% during the second quarter. Wealthfront Advisers LLC now owns 67,221 shares of the financial services provider’s stock worth $3,247,000 after buying an additional 9,465 shares in the last quarter. Finally, Park National Corp OH purchased a new position in Morgan Stanley during the second quarter worth about $234,000. Institutional investors own 88.70% of the company’s stock.

MS stock opened at $51.85 on Friday. Morgan Stanley has a fifty-two week low of $27.20 and a fifty-two week high of $57.57. The business’s 50 day moving average price is $49.95 and its two-hundred day moving average price is $46.14. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $81.76 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.98 and a beta of 1.45.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, October 15th. The financial services provider reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.31. The company had revenue of $11.66 billion for the quarter, compared to the consensus estimate of $10.61 billion. Morgan Stanley had a return on equity of 11.90% and a net margin of 17.78%. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.27 EPS. Sell-side analysts forecast that Morgan Stanley will post 5.41 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.35 dividend. The ex-dividend date is Thursday, October 29th. This represents a $1.40 annualized dividend and a dividend yield of 2.70%. Morgan Stanley’s payout ratio is currently 28.11%.

In related news, insider Keishi Hotsuki sold 19,000 shares of the company’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $52.00, for a total value of $988,000.00. Following the sale, the insider now owns 243,666 shares in the company, valued at approximately $12,670,632. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

Several equities research analysts have issued reports on the company. Credit Suisse Group lifted their price target on Morgan Stanley from $58.00 to $60.00 and gave the stock an “outperform” rating in a research note on Friday. UBS Group lifted their price target on Morgan Stanley from $45.00 to $52.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Barclays lifted their price target on Morgan Stanley from $55.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. ValuEngine lowered Morgan Stanley from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 2nd. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Morgan Stanley in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.14.

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. The company 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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