Myriad Asset Management US LP Takes Position in Morgan Stanley (NYSE:MS)

Myriad Asset Management US LP purchased a new stake in Morgan Stanley (NYSE:MS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,194 shares of the financial services provider’s stock, valued at approximately $1,030,000.

A number of other large investors also recently modified their holdings of MS. Peoples Bank KS bought a new position in Morgan Stanley during the 4th quarter worth $25,000. Northwest Investment Counselors LLC bought a new position in shares of Morgan Stanley in the 3rd quarter worth about $26,000. Rakuten Securities Inc. raised its position in shares of Morgan Stanley by 138.1% in the 3rd quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 174 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of Morgan Stanley in the 4th quarter worth about $35,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Morgan Stanley in the 3rd quarter worth about $36,000. 84.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays lifted their price objective on Morgan Stanley from $155.00 to $156.00 and gave the stock an “overweight” rating in a research report on Friday, January 17th. Keefe, Bruyette & Woods lifted their price objective on Morgan Stanley from $138.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, January 17th. Citigroup lifted their price objective on Morgan Stanley from $105.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, November 25th. Hsbc Global Res downgraded Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. raised their target price on Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, January 13th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $131.27.

Morgan Stanley Price Performance

Morgan Stanley stock opened at $139.19 on Friday. Morgan Stanley has a 52 week low of $84.41 and a 52 week high of $142.03. The company’s 50 day moving average price is $131.22 and its two-hundred day moving average price is $118.20. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14. The stock has a market cap of $224.24 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.24 and a beta of 1.37.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings results on Thursday, January 16th. The financial services provider reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.68. The company had revenue of $16.23 billion for the quarter, compared to analysts’ expectations of $15.03 billion. Morgan Stanley had a net margin of 12.48% and a return on equity of 14.39%. Morgan Stanley’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.13 EPS. On average, equities analysts predict that Morgan Stanley will post 8.56 earnings per share for the current year.

Morgan Stanley Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, January 31st were issued a $0.925 dividend. The ex-dividend date of this dividend was Friday, January 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.66%. Morgan Stanley’s dividend payout ratio (DPR) is presently 46.60%.

Insider Buying and Selling

In other Morgan Stanley news, insider Eric F. Grossman sold 13,097 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $136.20, for a total transaction of $1,783,811.40. Following the sale, the insider now owns 197,444 shares of the company’s stock, valued at $26,891,872.80. The trade was a 6.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Raja Akram sold 17,500 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $136.01, for a total transaction of $2,380,175.00. Following the sale, the chief financial officer now directly owns 81,440 shares in the company, valued at $11,076,654.40. The trade was a 17.69 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Morgan Stanley Profile

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.