OLD National Bancorp IN Sells 846 Shares of Morgan Stanley (NYSE:MS)

OLD National Bancorp IN reduced its position in Morgan Stanley (NYSE:MS) by 8.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,972 shares of the financial services provider’s stock after selling 846 shares during the quarter. OLD National Bancorp IN’s holdings in Morgan Stanley were worth $1,128,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Morgan Stanley in the second quarter worth $42,000. Anchor Investment Management LLC increased its stake in Morgan Stanley by 7.2% in the 2nd quarter. Anchor Investment Management LLC now owns 6,784 shares of the financial services provider’s stock worth $659,000 after acquiring an additional 457 shares during the last quarter. AMF Tjanstepension AB raised its holdings in shares of Morgan Stanley by 10.9% in the 3rd quarter. AMF Tjanstepension AB now owns 256,360 shares of the financial services provider’s stock valued at $26,755,000 after acquiring an additional 25,179 shares in the last quarter. Czech National Bank boosted its position in shares of Morgan Stanley by 6.4% during the 3rd quarter. Czech National Bank now owns 253,773 shares of the financial services provider’s stock valued at $26,453,000 after acquiring an additional 15,311 shares during the last quarter. Finally, Rockland Trust Co. grew its holdings in shares of Morgan Stanley by 3.9% during the third quarter. Rockland Trust Co. now owns 9,725 shares of the financial services provider’s stock worth $1,014,000 after purchasing an additional 364 shares in the last quarter. Hedge funds and other institutional investors own 84.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MS shares. Hsbc Global Res lowered shares of Morgan Stanley from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods upped their target price on shares of Morgan Stanley from $138.00 to $145.00 and gave the stock a “market perform” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on Morgan Stanley from $104.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, January 13th. Barclays upped their price objective on Morgan Stanley from $155.00 to $156.00 and gave the stock an “overweight” rating in a report on Friday, January 17th. Finally, HSBC downgraded Morgan Stanley from a “buy” rating to a “hold” rating and boosted their target price for the stock from $128.00 to $131.00 in a research report on Tuesday, November 26th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Morgan Stanley currently has an average rating of “Hold” and an average price target of $131.27.

Insider Buying and Selling

In related news, insider Eric F. Grossman sold 13,097 shares of Morgan Stanley stock in a transaction dated Tuesday, January 21st. The stock was 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 directly owns 197,444 shares in the company, valued at approximately $26,891,872.80. This trade represents a 6.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Raja Akram sold 17,500 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $136.01, for a total transaction of $2,380,175.00. Following the transaction, the chief financial officer now owns 81,440 shares in the company, valued at $11,076,654.40. This represents a 17.69 % decrease in their position. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.

Morgan Stanley Stock Performance

Morgan Stanley stock opened at $138.35 on Friday. Morgan Stanley has a 1-year low of $83.09 and a 1-year high of $141.48. The firm has a market cap of $222.89 billion, a P/E ratio of 17.42, a P/E/G ratio of 1.23 and a beta of 1.36. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 3.14. The firm has a 50-day moving average of $129.90 and a 200-day moving average of $115.84.

Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Thursday, January 16th. The financial services provider reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.68. Morgan Stanley had a return on equity of 14.39% and a net margin of 12.48%. The business had revenue of $16.23 billion during the quarter, compared to the consensus estimate of $15.03 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Sell-side analysts expect that Morgan Stanley will post 8.52 EPS for the current year.

Morgan Stanley Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.925 per share. This represents a $3.70 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, January 31st. Morgan Stanley’s payout ratio is 46.60%.

Morgan Stanley Company 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.