Mn Services Vermogensbeheer B.V. Sells 11,700 Shares of Morgan Stanley (NYSE:MS)

Mn Services Vermogensbeheer B.V. decreased its position in shares of Morgan Stanley (NYSE:MS) by 4.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 266,600 shares of the financial services provider’s stock after selling 11,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Morgan Stanley were worth $27,790,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Capital International Investors boosted its holdings in Morgan Stanley by 16.3% in the first quarter. Capital International Investors now owns 28,481,070 shares of the financial services provider’s stock worth $2,681,778,000 after acquiring an additional 3,981,528 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Morgan Stanley by 600.8% during the first quarter. Public Employees Retirement Association of Colorado now owns 1,301,835 shares of the financial services provider’s stock valued at $122,581,000 after buying an additional 1,116,058 shares during the last quarter. Swedbank AB purchased a new position in Morgan Stanley in the 1st quarter worth about $87,558,000. Bessemer Group Inc. lifted its stake in Morgan Stanley by 433.4% during the 1st quarter. Bessemer Group Inc. now owns 779,451 shares of the financial services provider’s stock valued at $73,392,000 after acquiring an additional 633,319 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Morgan Stanley during the 2nd quarter valued at about $43,850,000. Institutional investors own 84.19% of the company’s stock.

Insider Activity

In other Morgan Stanley news, Director Stephen J. Luczo sold 60,000 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the sale, the director now owns 138,363 shares of the company’s stock, valued at approximately $16,488,718.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.24% of the company’s stock.

Morgan Stanley Trading Down 0.0 %

Shares of NYSE MS traded down $0.03 during trading hours on Monday, reaching $116.82. The stock had a trading volume of 792,163 shares, compared to its average volume of 7,020,810. Morgan Stanley has a 52-week low of $73.96 and a 52-week high of $121.45. The firm has a market cap of $189.85 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 1.09 and a beta of 1.34. The business’s fifty day moving average price is $107.02 and its two-hundred day moving average price is $101.34. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96.

Morgan Stanley Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is 56.32%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MS shares. Jefferies Financial Group raised 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. HSBC raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Friday, October 4th. Evercore ISI raised their target price on Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Royal Bank of Canada upped their price target on shares of Morgan Stanley from $108.00 to $122.00 and gave the company a “sector perform” rating in a research report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their target price 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $109.24.

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.