Nomura Asset Management Co. Ltd. lifted its position in Morgan Stanley (NYSE:MS) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 205,130 shares of the financial services provider’s stock after acquiring an additional 13,303 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Morgan Stanley were worth $10,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Profund Advisors LLC lifted its stake in shares of Morgan Stanley by 27.9% in the 4th quarter. Profund Advisors LLC now owns 42,832 shares of the financial services provider’s stock valued at $2,247,000 after purchasing an additional 9,353 shares during the period. Partners Capital Investment Group LLP acquired a new position in shares of Morgan Stanley in the 4th quarter valued at $1,414,000. Focused Wealth Management Inc acquired a new position in shares of Morgan Stanley in the 4th quarter valued at $236,000. Signaturefd LLC lifted its stake in shares of Morgan Stanley by 28.8% in the 4th quarter. Signaturefd LLC now owns 7,583 shares of the financial services provider’s stock valued at $398,000 after purchasing an additional 1,695 shares during the period. Finally, Granite Investment Advisors LLC acquired a new position in shares of Morgan Stanley in the 4th quarter valued at $211,000. Hedge funds and other institutional investors own 85.32% of the company’s stock.
In other news, CFO Jonathan Pruzan sold 52,204 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $55.35, for a total transaction of $2,889,491.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $55.34, for a total transaction of $5,534,000.00. The disclosure for this sale can be found here. Insiders have sold 239,254 shares of company stock valued at $13,085,019 in the last ninety days. Insiders own 0.35% of the company’s stock.
Shares of Morgan Stanley (NYSE:MS) opened at $58.67 on Friday. Morgan Stanley has a 1-year low of $40.06 and a 1-year high of $58.79. The stock has a market cap of $108,280.00, a price-to-earnings ratio of 16.25, a PEG ratio of 0.98 and a beta of 1.49. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.75.
Morgan Stanley (NYSE:MS) last released its earnings results on Thursday, January 18th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.07. Morgan Stanley had a net margin of 14.10% and a return on equity of 10.07%. The business had revenue of $9.50 billion during the quarter, compared to analyst estimates of $9.25 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. equities research analysts forecast that Morgan Stanley will post 4.51 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Tuesday, January 30th. Morgan Stanley’s payout ratio is 27.70%.
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About Morgan Stanley
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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