OVERSEA CHINESE BANKING Corp Ltd Makes New $302,000 Investment in Morgan Stanley (NYSE:MS)

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Morgan Stanley (NYSE:MS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,883 shares of the financial services provider’s stock, valued at approximately $302,000.

Other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton grew its position in Morgan Stanley by 2.6% in the third quarter. Rosenberg Matthew Hamilton now owns 3,748 shares of the financial services provider’s stock worth $391,000 after buying an additional 96 shares during the last quarter. TFB Advisors LLC boosted its stake in shares of Morgan Stanley by 3.9% during the 3rd quarter. TFB Advisors LLC now owns 2,662 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 99 shares in the last quarter. Compagnie Lombard Odier SCmA grew its holdings in shares of Morgan Stanley by 0.3% in the 3rd quarter. Compagnie Lombard Odier SCmA now owns 33,850 shares of the financial services provider’s stock worth $3,529,000 after acquiring an additional 100 shares during the last quarter. Lansing Street Advisors raised its position in shares of Morgan Stanley by 0.8% during the third quarter. Lansing Street Advisors now owns 12,284 shares of the financial services provider’s stock worth $1,280,000 after purchasing an additional 103 shares during the period. Finally, Viewpoint Capital Management LLC boosted its position in shares of Morgan Stanley by 0.9% in the 2nd quarter. Viewpoint Capital Management LLC now owns 12,319 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.

Morgan Stanley Trading Up 0.3 %

Morgan Stanley stock opened at $132.75 on Thursday. Morgan Stanley has a one year low of $76.33 and a one year high of $134.65. The company’s fifty day moving average price is $110.49 and its two-hundred day moving average price is $103.05. 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 company has a market capitalization of $213.87 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.23 and a beta of 1.34.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings data on Wednesday, October 16th. The financial services provider reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.31. Morgan Stanley had a return on equity of 12.58% and a net margin of 10.64%. The business had revenue of $15.38 billion for the quarter, compared to analyst estimates of $14.27 billion. On average, analysts forecast that Morgan Stanley will post 7.32 earnings per share for the current fiscal year.

Morgan Stanley Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be paid a $0.925 dividend. This represents a $3.70 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Thursday, October 31st. Morgan Stanley’s payout ratio is 56.32%.

Analyst Ratings Changes

Several analysts have issued reports on MS shares. Royal Bank of Canada boosted their price objective on Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a report on Thursday, October 17th. Hsbc Global Res upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 4th. Evercore ISI lifted their price objective on shares of Morgan Stanley from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. HSBC raised Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research report on Friday, October 4th. Finally, Jefferies Financial Group upped their price target on Morgan Stanley from $120.00 to $135.00 and gave the company a “buy” 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 given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Morgan Stanley currently has an average rating of “Hold” and a consensus price target of $109.24.

Insider Buying and Selling

In related news, Director Stephen J. Luczo sold 60,000 shares of Morgan Stanley stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $119.17, for a total value of $7,150,200.00. Following the transaction, the director now owns 138,363 shares in the company, valued at $16,488,718.71. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is owned by insiders.

About Morgan Stanley

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.