Morgan Stanley $MS Holdings Raised by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in Morgan Stanley (NYSE:MS) by 56.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,885 shares of the financial services provider’s stock after purchasing an additional 40,647 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Morgan Stanley were worth $15,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meadow Creek Wealth Advisors LLC raised its holdings in shares of Morgan Stanley by 2.5% during the second quarter. Meadow Creek Wealth Advisors LLC now owns 2,799 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 69 shares during the period. Gallagher Capital Advisors LLC boosted its stake in Morgan Stanley by 0.7% in the 2nd quarter. Gallagher Capital Advisors LLC now owns 9,969 shares of the financial services provider’s stock worth $1,420,000 after purchasing an additional 70 shares during the period. McLean Asset Management Corp grew its position in Morgan Stanley by 2.5% during the 2nd quarter. McLean Asset Management Corp now owns 3,007 shares of the financial services provider’s stock worth $430,000 after purchasing an additional 73 shares in the last quarter. Bell Investment Advisors Inc raised its stake in Morgan Stanley by 12.1% during the 2nd quarter. Bell Investment Advisors Inc now owns 674 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 73 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its holdings in shares of Morgan Stanley by 1.5% in the second quarter. Pinnacle Bancorp Inc. now owns 5,022 shares of the financial services provider’s stock valued at $707,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 84.19% of the company’s stock.

Insider Buying and Selling at Morgan Stanley

In related news, CEO Edward Pick sold 100,000 shares of Morgan Stanley stock in a transaction on Friday, October 31st. The shares were sold at an average price of $164.34, for a total value of $16,434,000.00. Following the completion of the sale, the chief executive officer owned 574,986 shares of the company’s stock, valued at approximately $94,493,199.24. The trade was a 14.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

Morgan Stanley Stock Up 3.0%

MS opened at $162.85 on Tuesday. The company has a market capitalization of $258.82 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 1.70 and a beta of 1.33. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.78 and a quick ratio of 0.78. Morgan Stanley has a fifty-two week low of $94.33 and a fifty-two week high of $171.77. The business has a 50-day moving average of $160.54 and a 200-day moving average of $146.93.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 15th. The financial services provider reported $2.80 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.73. The firm had revenue of $17.98 billion for the quarter, compared to the consensus estimate of $16.42 billion. Morgan Stanley had a return on equity of 16.55% and a net margin of 13.85%.The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.88 earnings per share. Equities research analysts forecast that Morgan Stanley will post 8.56 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a dividend of $1.00 per share. The ex-dividend date was Friday, October 31st. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. Morgan Stanley’s dividend payout ratio (DPR) is currently 41.03%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore ISI lifted their price target on Morgan Stanley from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Zacks Research raised Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. BMO Capital Markets began coverage on shares of Morgan Stanley in a research report on Friday, October 3rd. They issued an “outperform” rating and a $180.00 price target for the company. The Goldman Sachs Group raised their price target on shares of Morgan Stanley from $145.00 to $164.00 and gave the stock a “neutral” rating in a report on Friday, October 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of Morgan Stanley from $145.00 to $171.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $170.36.

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.