Sunbelt Securities Inc. Buys New Position in Morgan Stanley (MS)

Sunbelt Securities Inc. bought a new position in shares of Morgan Stanley (NYSE:MS) during the first quarter, according to its most recent filing with the SEC. The fund bought 4,756 shares of the financial services provider’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. increased its holdings in Morgan Stanley by 361.8% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 4,418,918 shares of the financial services provider’s stock worth $231,860,000 after acquiring an additional 3,462,069 shares during the last quarter. Boston Partners increased its holdings in Morgan Stanley by 476.1% in the 1st quarter. Boston Partners now owns 2,120,958 shares of the financial services provider’s stock worth $114,447,000 after acquiring an additional 1,752,824 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Morgan Stanley by 14.2% in the 4th quarter. Bank of New York Mellon Corp now owns 12,643,249 shares of the financial services provider’s stock worth $663,392,000 after acquiring an additional 1,569,202 shares during the last quarter. DSAM Partners London Ltd increased its holdings in Morgan Stanley by 622.8% in the 4th quarter. DSAM Partners London Ltd now owns 791,331 shares of the financial services provider’s stock worth $41,521,000 after acquiring an additional 681,856 shares during the last quarter. Finally, Bessemer Group Inc. increased its holdings in Morgan Stanley by 14.6% in the 4th quarter. Bessemer Group Inc. now owns 5,186,989 shares of the financial services provider’s stock worth $272,163,000 after acquiring an additional 660,646 shares during the last quarter. Institutional investors own 85.26% of the company’s stock.

Shares of NYSE MS opened at $53.92 on Monday. Morgan Stanley has a 12 month low of $41.07 and a 12 month high of $59.38. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 2.75. The stock has a market cap of $95.45 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 0.90 and a beta of 1.55.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, April 18th. The financial services provider reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.17. Morgan Stanley had a return on equity of 11.10% and a net margin of 15.09%. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $10.37 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. Morgan Stanley’s revenue was up 13.7% on a year-over-year basis. sell-side analysts anticipate that Morgan Stanley will post 4.72 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Stockholders of record on Monday, April 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Friday, April 27th. Morgan Stanley’s payout ratio is 27.78%.

Several brokerages recently weighed in on MS. ValuEngine lowered Morgan Stanley from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Zacks Investment Research raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Tuesday, April 24th. Barclays lifted their price objective on Morgan Stanley from $62.00 to $63.00 and gave the stock an “equal weight” rating in a report on Thursday, April 19th. Credit Suisse Group lifted their price objective on Morgan Stanley from $61.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, April 19th. Finally, Vining Sparks reaffirmed a “buy” rating and set a $67.00 target price on shares of Morgan Stanley in a report on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $55.40.

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. The company operates through three segments: Institutional Securities, Wealth Management, and Investment Management.

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

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