Neville Rodie & Shaw Inc. Makes New $318,000 Investment in Morgan Stanley (NYSE:MS)

Neville Rodie & Shaw Inc. acquired a new stake in shares of Morgan Stanley (NYSE:MS) during the fourth quarter, Holdings Channel reports. The firm acquired 2,526 shares of the financial services provider’s stock, valued at approximately $318,000.

Several other large investors also recently modified their holdings of MS. Geode Capital Management LLC lifted its holdings in Morgan Stanley by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 25,240,729 shares of the financial services provider’s stock valued at $2,621,140,000 after purchasing an additional 269,633 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Morgan Stanley by 2.7% during the third quarter. Fisher Asset Management LLC now owns 22,404,981 shares of the financial services provider’s stock worth $2,335,495,000 after purchasing an additional 590,872 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Morgan Stanley by 2.0% in the second quarter. Legal & General Group Plc now owns 10,597,493 shares of the financial services provider’s stock valued at $1,029,970,000 after buying an additional 212,551 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Morgan Stanley by 2.8% in the second quarter. Dimensional Fund Advisors LP now owns 8,834,372 shares of the financial services provider’s stock worth $858,573,000 after acquiring an additional 242,896 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Morgan Stanley by 4.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,454,177 shares of the financial services provider’s stock worth $881,263,000 after purchasing an additional 385,780 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors.

Insider Activity at Morgan Stanley

In other news, Director Stephen J. Luczo sold 60,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total value of $7,150,200.00. Following the completion of the sale, the director now directly owns 138,363 shares of the company’s stock, valued at $16,488,718.71. This trade represents a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Morgan Stanley Stock Performance

Shares of NYSE MS opened at $128.68 on Tuesday. The stock has a market capitalization of $207.31 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 1.18 and a beta of 1.36. Morgan Stanley has a 52 week low of $83.09 and a 52 week high of $136.24. The stock has a 50 day moving average price of $127.74 and a 200 day moving average price of $111.80. The company has a debt-to-equity ratio of 3.14, a quick ratio of 0.80 and a current ratio of 0.80.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The company had revenue of $15.38 billion during the quarter, compared to the consensus estimate of $14.27 billion. Analysts predict that Morgan Stanley will post 7.33 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a $0.925 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.88%. Morgan Stanley’s payout ratio is 56.32%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price target on Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a report on Thursday, October 17th. Jefferies Financial Group lifted their target price on shares of Morgan Stanley from $120.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. UBS Group upped their price target on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. The Goldman Sachs Group upped their price objective on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company upgraded shares of Morgan Stanley from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $107.00 to $142.00 in a report on Friday, November 15th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $123.13.

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.