Asahi Life Asset Management CO. LTD. Has $259,000 Stake in Morgan Stanley (NYSE:MS)

Asahi Life Asset Management CO. LTD. increased its holdings in Morgan Stanley (NYSE:MSFree Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,780 shares of the financial services provider’s stock after buying an additional 130 shares during the period. Asahi Life Asset Management CO. LTD.’s holdings in Morgan Stanley were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MS. Jump Financial LLC raised its position in shares of Morgan Stanley by 7.2% in the third quarter. Jump Financial LLC now owns 4,814 shares of the financial services provider’s stock valued at $393,000 after buying an additional 323 shares in the last quarter. Spire Wealth Management raised its position in Morgan Stanley by 33.3% during the third quarter. Spire Wealth Management now owns 15,917 shares of the financial services provider’s stock valued at $1,300,000 after purchasing an additional 3,978 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Morgan Stanley by 33.1% during the third quarter. Atria Wealth Solutions Inc. now owns 51,575 shares of the financial services provider’s stock valued at $4,212,000 after purchasing an additional 12,817 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Morgan Stanley by 5.3% during the third quarter. Janney Montgomery Scott LLC now owns 346,111 shares of the financial services provider’s stock valued at $28,267,000 after purchasing an additional 17,378 shares in the last quarter. Finally, D.A. Davidson & CO. raised its position in Morgan Stanley by 1.0% during the third quarter. D.A. Davidson & CO. now owns 76,996 shares of the financial services provider’s stock valued at $6,288,000 after purchasing an additional 780 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Morgan Stanley Trading Up 0.3 %

MS traded up $0.29 during trading on Friday, reaching $97.14. 4,018,360 shares of the stock traded hands, compared to its average volume of 5,214,856. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.97. The stock has a market capitalization of $157.87 billion, a PE ratio of 17.69, a P/E/G ratio of 1.18 and a beta of 1.38. The stock’s 50-day moving average is $94.90 and its 200 day moving average is $89.94. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $103.25.

Morgan Stanley (NYSE:MSGet Free Report) last issued its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.33. The business had revenue of $15.14 billion for the quarter, compared to analysts’ expectations of $14.42 billion. Morgan Stanley had a net margin of 9.57% and a return on equity of 10.88%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Equities analysts anticipate that Morgan Stanley will post 6.83 earnings per share for the current year.

Morgan Stanley Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were issued a dividend of $0.85 per share. The ex-dividend date was Monday, April 29th. This represents a $3.40 annualized dividend and a dividend yield of 3.50%. Morgan Stanley’s dividend payout ratio is currently 61.93%.

Insider Activity

In other news, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the transaction, the chairman now owns 414,870 shares in the company, valued at $37,425,422.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman James P. Gorman sold 100,000 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $90.21, for a total transaction of $9,021,000.00. Following the transaction, the chairman now owns 414,870 shares in the company, valued at $37,425,422.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mandell Crawley sold 6,954 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $99.61, for a total transaction of $692,687.94. Following the completion of the sale, the insider now owns 46,274 shares in the company, valued at approximately $4,609,353.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,154 shares of company stock worth $10,722,696. Company insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MS. Bank of America boosted their price objective on shares of Morgan Stanley from $100.00 to $106.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Evercore ISI boosted their price objective on shares of Morgan Stanley from $97.00 to $102.00 and gave the company an “outperform” rating in a research report on Thursday, April 4th. HSBC boosted their target price on shares of Morgan Stanley from $100.00 to $102.00 and gave the stock a “hold” rating in a research note on Friday, April 19th. Oppenheimer boosted their target price on shares of Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $91.00 target price on shares of Morgan Stanley in a research note on Wednesday, March 27th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Morgan Stanley has an average rating of “Hold” and a consensus price target of $98.30.

Read Our Latest Stock Report on Morgan Stanley

Morgan Stanley 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.

See Also

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

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