Virtus Fund Advisers LLC Reduces Position in Morgan Stanley (MS)
Virtus Fund Advisers LLC decreased its holdings in Morgan Stanley (NYSE:MS) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 179,085 shares of the financial services provider’s stock after selling 5,273 shares during the period. Virtus Fund Advisers LLC’s holdings in Morgan Stanley were worth $9,397,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Iberiabank Corp boosted its holdings in Morgan Stanley by 11.8% in the fourth quarter. Iberiabank Corp now owns 9,121 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 960 shares during the period. Bollard Group LLC boosted its holdings in shares of Morgan Stanley by 1.0% during the fourth quarter. Bollard Group LLC now owns 108,699 shares of the financial services provider’s stock valued at $5,703,000 after acquiring an additional 1,040 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Morgan Stanley by 2.7% during the third quarter. IFM Investors Pty Ltd now owns 39,081 shares of the financial services provider’s stock valued at $1,883,000 after acquiring an additional 1,041 shares during the period. Covenant Asset Management LLC boosted its holdings in shares of Morgan Stanley by 3.4% during the fourth quarter. Covenant Asset Management LLC now owns 33,036 shares of the financial services provider’s stock valued at $1,733,000 after acquiring an additional 1,071 shares during the period. Finally, Nippon Life Insurance Co. boosted its holdings in shares of Morgan Stanley by 2.0% during the third quarter. Nippon Life Insurance Co. now owns 53,983 shares of the financial services provider’s stock valued at $2,600,000 after acquiring an additional 1,078 shares during the period. Institutional investors own 86.07% of the company’s stock.
Shares of Morgan Stanley (MS) opened at $57.22 on Friday. Morgan Stanley has a 1 year low of $40.06 and a 1 year high of $59.38. The stock has a market capitalization of $102,530.00, a P/E ratio of 15.85, a P/E/G ratio of 1.00 and a beta of 1.49. The company has a debt-to-equity ratio of 2.75, a current ratio of 0.77 and a quick ratio of 0.77.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Investors of record on Wednesday, January 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $1.00 annualized dividend and a yield of 1.75%. Morgan Stanley’s dividend payout ratio (DPR) is presently 27.70%.
In other Morgan Stanley news, CFO Jonathan Pruzan sold 52,204 shares of Morgan Stanley stock in a transaction on Friday, February 16th. The stock was sold at an average price of $55.35, for a total value of $2,889,491.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Daniel A. Simkowitz sold 87,050 shares of Morgan Stanley stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $53.55, for a total value of $4,661,527.50. The disclosure for this sale can be found here. Insiders sold a total of 239,254 shares of company stock valued at $13,085,019 over the last 90 days. 0.35% of the stock is currently owned by corporate insiders.
Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $60.00 price objective on shares of Morgan Stanley and gave the stock a “buy” rating in a report on Thursday. Atlantic Securities upgraded shares of Morgan Stanley from a “neutral” rating to an “overweight” rating and set a $61.00 price target on the stock in a research report on Wednesday, January 10th. UBS Group upgraded Morgan Stanley to an “overweight” rating in a report on Wednesday, January 10th. Credit Suisse Group raised Morgan Stanley to a “buy” rating and set a $58.00 target price on the stock in a research note on Thursday, January 4th. Finally, Societe Generale set a $61.00 price target on Morgan Stanley and gave the company a “neutral” rating in a research note on Monday, January 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $54.39.
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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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