Morgan Stanley (NYSE:MS) Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in Morgan Stanley (NYSE:MS) by 7.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,626 shares of the financial services provider’s stock after purchasing an additional 2,190 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Morgan Stanley were worth $3,505,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Morgan Stanley in the second quarter valued at $25,000. POM Investment Strategies LLC increased its position in shares of Morgan Stanley by 1,147.6% during the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 241 shares during the last quarter. Bank & Trust Co purchased a new stake in Morgan Stanley in the 2nd quarter valued at about $26,000. Northwest Investment Counselors LLC acquired a new position in Morgan Stanley in the third quarter valued at about $26,000. Finally, Bbjs Financial Advisors LLC purchased a new position in Morgan Stanley during the second quarter worth about $29,000. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Morgan Stanley

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total value of $7,150,200.00. Following the transaction, the director now owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MS shares. The Goldman Sachs Group upped their price objective on shares of Morgan Stanley from $106.00 to $121.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. BMO Capital Markets lifted their price objective on Morgan Stanley from $116.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, July 18th. UBS Group increased their target price on Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 8th. HSBC raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Friday, October 4th. Finally, Oppenheimer cut shares of Morgan Stanley from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $109.24.

Morgan Stanley Stock Performance

Morgan Stanley stock traded up $1.40 during mid-day trading on Thursday, reaching $134.16. The company’s stock had a trading volume of 716,288 shares, compared to its average volume of 7,062,257. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. Morgan Stanley has a twelve month low of $76.33 and a twelve month high of $134.65. The business has a 50 day moving average price of $111.14 and a 200-day moving average price of $103.26. The firm has a market cap of $216.14 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.23 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The firm had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Sell-side analysts predict that Morgan Stanley will post 7.32 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.925 dividend. This represents a $3.70 annualized dividend and a yield of 2.76%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is currently 56.32%.

About Morgan Stanley

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.