Tokio Marine Asset Management Co. Ltd. Has $239,000 Stake in Morgan Stanley (MS)

Tokio Marine Asset Management Co. Ltd. Has $239,000 Stake in Morgan Stanley (MS)

Tokio Marine Asset Management Co. Ltd. lessened its holdings in Morgan Stanley (NYSE:MS) by 52.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,039 shares of the financial services provider’s stock after selling 6,733 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Morgan Stanley were worth $239,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Morgan Stanley by 4.4% during the second quarter. FMR LLC now owns 45,817,038 shares of the financial services provider’s stock valued at $2,171,728,000 after purchasing an additional 1,936,093 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Morgan Stanley by 20.6% in the second quarter. Advisors Asset Management Inc. now owns 27,414 shares of the financial services provider’s stock worth $1,299,000 after acquiring an additional 4,687 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of Morgan Stanley by 68.2% in the second quarter. Schroder Investment Management Group now owns 216,942 shares of the financial services provider’s stock worth $10,476,000 after acquiring an additional 87,937 shares during the last quarter. Atria Investments LLC grew its stake in shares of Morgan Stanley by 13.9% in the third quarter. Atria Investments LLC now owns 29,617 shares of the financial services provider’s stock worth $1,379,000 after acquiring an additional 3,624 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Morgan Stanley by 0.8% in the third quarter. State of Alaska Department of Revenue now owns 182,556 shares of the financial services provider’s stock worth $8,500,000 after acquiring an additional 1,419 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

MS has been the topic of several research analyst reports. Societe Generale downgraded shares of Morgan Stanley from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. Zacks Investment Research downgraded shares of Morgan Stanley from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Barclays lowered their price objective on shares of Morgan Stanley from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 2nd. BMO Capital Markets lowered their price objective on shares of Morgan Stanley to $65.00 and set an “outperform” rating on the stock in a research note on Friday, January 18th. Finally, Oppenheimer upgraded shares of Morgan Stanley to an “outperform” rating and set a $62.00 price objective on the stock in a research note on Tuesday, October 16th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $56.38.

In related news, insider Jeffrey S. Brodsky sold 15,565 shares of the firm’s stock in a transaction on Friday, January 18th. The stock was sold at an average price of $43.38, for a total value of $675,209.70. Following the completion of the transaction, the insider now directly owns 112,420 shares of the company’s stock, valued at $4,876,779.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by company insiders.

Shares of MS stock opened at $40.81 on Friday. The firm has a market capitalization of $71.35 billion, a P/E ratio of 8.85, a PEG ratio of 0.72 and a beta of 1.20. Morgan Stanley has a one year low of $36.74 and a one year high of $59.38. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.80 and a quick ratio of 0.80.

Morgan Stanley (NYSE:MS) last issued its earnings results on Thursday, January 17th. The financial services provider reported $0.73 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.17). The firm had revenue of $8.55 billion during the quarter, compared to the consensus estimate of $9.32 billion. Morgan Stanley had a return on equity of 12.08% and a net margin of 17.43%. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.84 earnings per share. As a group, sell-side analysts predict that Morgan Stanley will post 4.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Thursday, January 31st will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, January 30th. This represents a $1.20 annualized dividend and a yield of 2.94%. Morgan Stanley’s dividend payout ratio (DPR) is currently 26.03%.

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. The company operates Institutional Securities, Wealth Management, and Investment Management segments.

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