Amundi Pioneer Asset Management Inc. Lowers Position in Morgan Stanley (NYSE:MS)

Amundi Pioneer Asset Management Inc. cut its holdings in Morgan Stanley (NYSE:MS) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,636,078 shares of the financial services provider’s stock after selling 12,022 shares during the quarter. Amundi Pioneer Asset Management Inc. owned approximately 0.26% of Morgan Stanley worth $317,696,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MS. American Research & Management Co. purchased a new stake in Morgan Stanley in the fourth quarter worth about $27,000. Riggs Asset Managment Co. Inc. boosted its holdings in shares of Morgan Stanley by 87.3% in the 4th quarter. Riggs Asset Managment Co. Inc. now owns 442 shares of the financial services provider’s stock valued at $30,000 after buying an additional 206 shares in the last quarter. Birchcreek Wealth Management LLC bought a new stake in shares of Morgan Stanley in the 4th quarter valued at about $30,000. Veritas Investment Partners UK Ltd. bought a new stake in shares of Morgan Stanley in the 4th quarter valued at about $34,000. Finally, Diversified LLC bought a new stake in shares of Morgan Stanley in the 4th quarter valued at about $35,000. 76.79% of the stock is owned by institutional investors.

A number of analysts have recently weighed in on MS shares. BMO Capital Markets raised their price target on shares of Morgan Stanley from $78.00 to $81.00 and gave the company an “outperform” rating in a report on Wednesday, January 20th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Morgan Stanley from $68.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, April 1st. Zacks Investment Research upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating and set a $85.00 target price for the company in a research note on Monday, January 25th. Royal Bank of Canada lifted their target price on shares of Morgan Stanley from $55.00 to $78.00 and gave the stock an “outperform” rating in a research note on Thursday, January 21st. Finally, Daiwa Capital Markets upgraded shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Monday, March 8th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $69.38.

NYSE:MS opened at $79.04 on Thursday. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.76 and a quick ratio of 0.76. The firm has a market cap of $143.21 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.59. The company has a 50 day moving average price of $79.86 and a 200-day moving average price of $66.12. Morgan Stanley has a 1-year low of $35.53 and a 1-year high of $86.64.

Morgan Stanley (NYSE:MS) last posted its earnings results on Tuesday, January 19th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.63. The firm had revenue of $13.64 billion during the quarter, compared to analyst estimates of $11.53 billion. Morgan Stanley had a net margin of 19.16% and a return on equity of 12.33%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. On average, sell-side analysts anticipate that Morgan Stanley will post 5.93 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 12th. Investors of record on Friday, January 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, January 28th. Morgan Stanley’s payout ratio is presently 28.11%.

In related news, CFO Jonathan Pruzan sold 18,880 shares of the business’s stock in a transaction on Friday, January 22nd. The shares were sold at an average price of $74.53, for a total value of $1,407,126.40. Following the completion of the sale, the chief financial officer now owns 287,834 shares of the company’s stock, valued at approximately $21,452,268.02. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO James P. Gorman sold 175,000 shares of the business’s stock in a transaction on Friday, January 22nd. The stock was sold at an average price of $73.12, for a total transaction of $12,796,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,249,000 shares of the company’s stock, valued at approximately $91,326,880. The disclosure for this sale can be found here. In the last three months, insiders sold 212,380 shares of company stock valued at $15,582,671. 0.26% of the stock is owned by insiders.

Morgan Stanley Company 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 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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