Keybank National Association OH Sells 1,005 Shares of Morgan Stanley (NYSE:MS)

Keybank National Association OH cut its stake in shares of Morgan Stanley (NYSE:MS) by 0.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 249,848 shares of the financial services provider’s stock after selling 1,005 shares during the quarter. Keybank National Association OH’s holdings in Morgan Stanley were worth $31,411,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Peoples Bank KS acquired a new stake in shares of Morgan Stanley during the fourth quarter valued at about $25,000. Rakuten Securities Inc. raised its holdings in Morgan Stanley by 138.1% in the 3rd quarter. Rakuten Securities Inc. now owns 300 shares of the financial services provider’s stock valued at $31,000 after buying an additional 174 shares during the last quarter. Stonebridge Financial Group LLC acquired a new stake in Morgan Stanley during the 4th quarter worth approximately $35,000. Capital Performance Advisors LLP bought a new stake in Morgan Stanley during the 3rd quarter worth approximately $36,000. Finally, Planning Capital Management Corp increased its position in Morgan Stanley by 115.1% in the 3rd quarter. Planning Capital Management Corp now owns 357 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 191 shares during the period. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Morgan Stanley Price Performance

Morgan Stanley stock opened at $121.32 on Wednesday. Morgan Stanley has a 52 week low of $84.43 and a 52 week high of $142.03. The company’s 50 day moving average price is $132.96 and its two-hundred day moving average price is $121.71. The stock has a market cap of $195.66 billion, a P/E ratio of 15.28, a P/E/G ratio of 1.18 and a beta of 1.37. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 3.14.

Morgan Stanley (NYSE:MS) last issued 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 business had revenue of $16.23 billion for the quarter, compared to analyst estimates of $15.03 billion. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. Morgan Stanley’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same period last year, the company posted $1.13 earnings per share. 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 given a dividend of $0.925 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $3.70 annualized dividend and a yield of 3.05%. Morgan Stanley’s payout ratio is currently 46.60%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MS. Keefe, Bruyette & Woods boosted their price objective on shares of Morgan Stanley from $138.00 to $145.00 and gave the stock a “market perform” rating in a research note on Friday, January 17th. Bank of America lifted their price objective on Morgan Stanley from $146.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Hsbc Global Res cut Morgan Stanley from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Citigroup raised their target price on Morgan Stanley from $105.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Morgan Stanley presently has a consensus rating of “Hold” and a consensus target price of $131.27.

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.