Folger Nolan Fleming Douglas Capital Management Inc. Has $926,000 Holdings in Morgan Stanley (NYSE:MS)

Folger Nolan Fleming Douglas Capital Management Inc. decreased its position in shares of Morgan Stanley (NYSE:MS) by 10.1% in the 4th quarter, HoldingsChannel reports. The fund owned 7,369 shares of the financial services provider’s stock after selling 824 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Morgan Stanley were worth $926,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Sax Wealth Advisors LLC increased its stake in Morgan Stanley by 11.0% during the 4th quarter. Sax Wealth Advisors LLC now owns 2,684 shares of the financial services provider’s stock valued at $337,000 after purchasing an additional 265 shares in the last quarter. Somerset Trust Co increased its position in shares of Morgan Stanley by 3.4% during the fourth quarter. Somerset Trust Co now owns 15,422 shares of the financial services provider’s stock worth $1,939,000 after acquiring an additional 503 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Morgan Stanley by 78.0% during the fourth quarter. Merit Financial Group LLC now owns 14,158 shares of the financial services provider’s stock worth $1,780,000 after acquiring an additional 6,204 shares in the last quarter. Boston Common Asset Management LLC raised its holdings in shares of Morgan Stanley by 20.8% in the 4th quarter. Boston Common Asset Management LLC now owns 142,387 shares of the financial services provider’s stock worth $17,901,000 after acquiring an additional 24,554 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in Morgan Stanley by 15.9% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 3,035 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 416 shares in the last quarter. 84.19% of the stock is owned by institutional investors and hedge funds.

Morgan Stanley Stock Up 1.5 %

Shares of NYSE MS opened at $137.78 on Friday. The company has a debt-to-equity ratio of 3.14, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $221.97 billion, a PE ratio of 20.97, a P/E/G ratio of 0.97 and a beta of 1.36. Morgan Stanley has a one year low of $83.09 and a one year high of $138.08. The business’s fifty day moving average price is $128.88 and its 200-day moving average price is $113.31.

Morgan Stanley (NYSE:MS) last announced its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. The business had revenue of $15.38 billion for the quarter, compared to analysts’ expectations of $14.27 billion. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. On average, equities research analysts anticipate that Morgan Stanley will post 7.39 EPS for the current year.

Morgan Stanley Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a $0.925 dividend. This represents a $3.70 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, January 31st. Morgan Stanley’s dividend payout ratio (DPR) is presently 46.60%.

Wall Street Analyst Weigh In

Several analysts have recently commented on MS shares. Barclays increased their price objective on Morgan Stanley from $155.00 to $156.00 and gave the stock an “overweight” rating in a research note on Friday. HSBC lowered Morgan Stanley from a “buy” rating to a “hold” rating and increased their price target for the company from $128.00 to $131.00 in a research report on Tuesday, November 26th. Wells Fargo & Company upgraded shares of Morgan Stanley from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $107.00 to $142.00 in a research note on Friday, November 15th. Bank of America raised their price target on shares of Morgan Stanley from $146.00 to $153.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada upped their price objective on shares of Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $129.40.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.