German American Bancorp Inc. Lowers Stock Position in Morgan Stanley (NYSE:MS)

German American Bancorp Inc. cut its stake in Morgan Stanley (NYSE:MSFree Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,193 shares of the financial services provider’s stock after selling 3,349 shares during the quarter. German American Bancorp Inc.’s holdings in Morgan Stanley were worth $6,079,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Morgan Stanley by 21.2% during the 3rd quarter. FMR LLC now owns 23,474,452 shares of the financial services provider’s stock worth $1,917,159,000 after acquiring an additional 4,098,577 shares in the last quarter. Fisher Asset Management LLC increased its holdings in Morgan Stanley by 2.6% in the fourth quarter. Fisher Asset Management LLC now owns 20,250,725 shares of the financial services provider’s stock valued at $1,888,380,000 after buying an additional 517,446 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Morgan Stanley by 2.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 20,197,232 shares of the financial services provider’s stock valued at $1,883,392,000 after buying an additional 575,114 shares in the last quarter. Northern Trust Corp lifted its holdings in Morgan Stanley by 2.2% during the 3rd quarter. Northern Trust Corp now owns 13,107,965 shares of the financial services provider’s stock worth $1,070,528,000 after buying an additional 277,909 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Morgan Stanley by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,820,988 shares of the financial services provider’s stock worth $815,908,000 after acquiring an additional 383,211 shares in the last quarter. 84.19% of the stock is owned by hedge funds and other institutional investors.

Morgan Stanley Stock Performance

MS traded up $0.64 during trading on Friday, reaching $100.22. 4,690,752 shares of the company’s stock were exchanged, compared to its average volume of 5,787,068. Morgan Stanley has a fifty-two week low of $69.42 and a fifty-two week high of $100.98. 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 business has a 50 day moving average price of $92.56 and a 200 day moving average price of $87.62. The company has a market capitalization of $162.87 billion, a P/E ratio of 18.26, a PEG ratio of 1.87 and a beta of 1.41.

Morgan Stanley (NYSE:MSGet Free Report) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.33. The company had revenue of $15.14 billion during the quarter, compared to analysts’ expectations of $14.42 billion. Morgan Stanley had a return on equity of 10.88% and a net margin of 9.57%. The business’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the business earned $1.70 earnings per share. As a group, analysts predict that Morgan Stanley will post 6.84 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th were given a $0.85 dividend. The ex-dividend date was Monday, April 29th. This represents a $3.40 dividend on an annualized basis and a yield of 3.39%. Morgan Stanley’s payout ratio is 61.93%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of brokerages have commented on MS. BMO Capital Markets lifted their target price on Morgan Stanley from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Royal Bank of Canada restated a “sector perform” rating and set a $91.00 price objective on shares of Morgan Stanley in a research note on Wednesday, March 27th. Bank of America boosted their price target on shares of Morgan Stanley from $100.00 to $106.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Oppenheimer increased their price objective on shares of Morgan Stanley from $101.00 to $105.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, HSBC boosted their target price on shares of Morgan Stanley from $100.00 to $102.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $98.30.

View Our Latest Stock Report on Morgan Stanley

About Morgan Stanley

(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.

Read More

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

Receive News & Ratings for Morgan Stanley Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morgan Stanley and related companies with MarketBeat.com's FREE daily email newsletter.