Iowa State Bank Raises Stake in Morgan Stanley (NYSE:MS)

Iowa State Bank increased its stake in shares of Morgan Stanley (NYSE:MSFree Report) by 0.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 62,877 shares of the financial services provider’s stock after purchasing an additional 192 shares during the period. Morgan Stanley accounts for 1.4% of Iowa State Bank’s investment portfolio, making the stock its 23rd largest position. Iowa State Bank’s holdings in Morgan Stanley were worth $5,863,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MS. Fairfield Bush & CO. purchased a new stake in shares of Morgan Stanley in the 1st quarter valued at about $108,000. Baird Financial Group Inc. raised its holdings in shares of Morgan Stanley by 7.8% in the 1st quarter. Baird Financial Group Inc. now owns 306,637 shares of the financial services provider’s stock valued at $26,801,000 after acquiring an additional 22,095 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in shares of Morgan Stanley by 61.9% in the 1st quarter. Zions Bancorporation N.A. now owns 6,957 shares of the financial services provider’s stock valued at $608,000 after acquiring an additional 2,660 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of Morgan Stanley by 64.5% in the 1st quarter. Brown Brothers Harriman & Co. now owns 17,070 shares of the financial services provider’s stock valued at $1,492,000 after acquiring an additional 6,696 shares in the last quarter. Finally, Covestor Ltd raised its holdings in shares of Morgan Stanley by 66.9% in the 1st quarter. Covestor Ltd now owns 626 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Insiders Place Their Bets

In other Morgan Stanley news, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction on Monday, February 12th. The stock was sold at an average price of $87.30, for a total value of $8,730,000.00. Following the completion of the sale, the chairman now owns 350,000 shares of the company’s stock, valued at approximately $30,555,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman James P. Gorman sold 100,000 shares of Morgan Stanley stock in a transaction on Monday, February 12th. The stock was sold at an average price of $87.30, for a total value of $8,730,000.00. Following the completion of the sale, the chairman now owns 350,000 shares of the company’s stock, valued at $30,555,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew M. Saperstein sold 26,655 shares of Morgan Stanley stock in a transaction on Monday, February 12th. The stock was sold at an average price of $87.19, for a total value of $2,324,049.45. Following the completion of the sale, the insider now directly owns 286,835 shares of the company’s stock, valued at approximately $25,009,143.65. The disclosure for this sale can be found here. In the last quarter, insiders sold 208,155 shares of company stock valued at $18,149,314. Corporate insiders own 0.24% of the company’s stock.

Morgan Stanley Stock Down 0.9 %

NYSE:MS traded down $0.82 during trading hours on Tuesday, reaching $92.71. 5,238,866 shares of the company traded hands, compared to its average volume of 8,834,527. The business’s 50-day moving average price is $87.85 and its two-hundred day moving average price is $84.31. The stock has a market capitalization of $151.61 billion, a P/E ratio of 17.93, a P/E/G ratio of 1.91 and a beta of 1.43. Morgan Stanley has a 1 year low of $69.42 and a 1 year high of $95.57. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 2.89.

Morgan Stanley (NYSE:MSGet Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.06. The business had revenue of $12.90 billion during the quarter, compared to analysts’ expectations of $12.77 billion. Morgan Stanley had a return on equity of 10.36% and a net margin of 9.49%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.31 earnings per share. Analysts predict that Morgan Stanley will post 6.35 earnings per share for the current year.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Tuesday, January 30th. Morgan Stanley’s payout ratio is 65.76%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group increased their price objective on Morgan Stanley from $80.00 to $95.00 and gave the company a “neutral” rating in a research report on Tuesday, January 9th. TheStreet upgraded Morgan Stanley from a “c+” rating to a “b” rating in a research report on Wednesday, March 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $91.00 price objective (down from $102.00) on shares of Morgan Stanley in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a “sector perform” rating and set a $91.00 price objective on shares of Morgan Stanley in a research report on Wednesday, March 27th. Finally, Barclays raised their price target on Morgan Stanley from $102.00 to $116.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Thirteen equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Morgan Stanley currently has a consensus rating of “Hold” and a consensus price target of $94.45.

Get Our Latest Analysis on Morgan Stanley

Morgan Stanley Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.