Municipal Employees Retirement System of Michigan Has $2.48 Million Holdings in Morgan Stanley (MS)

Municipal Employees Retirement System of Michigan decreased its position in Morgan Stanley (NYSE:MS) by 17.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,460 shares of the financial services provider’s stock after selling 10,610 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Morgan Stanley were worth $2,479,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MS. BlackRock Inc. grew its position in shares of Morgan Stanley by 1.0% during the 2nd quarter. BlackRock Inc. now owns 102,137,658 shares of the financial services provider’s stock valued at $4,551,254,000 after acquiring an additional 969,461 shares during the period. Vanguard Group Inc. grew its position in shares of Morgan Stanley by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 93,483,287 shares of the financial services provider’s stock valued at $4,165,615,000 after acquiring an additional 1,256,318 shares during the period. Ameriprise Financial Inc. grew its position in shares of Morgan Stanley by 3.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 20,973,434 shares of the financial services provider’s stock valued at $934,569,000 after acquiring an additional 654,034 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Morgan Stanley by 24.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,326,657 shares of the financial services provider’s stock valued at $549,275,000 after acquiring an additional 2,427,130 shares during the period. Finally, Janus Capital Management LLC grew its position in shares of Morgan Stanley by 32.2% during the 1st quarter. Janus Capital Management LLC now owns 12,159,681 shares of the financial services provider’s stock valued at $520,921,000 after acquiring an additional 2,962,234 shares during the period. Hedge funds and other institutional investors own 86.30% of the company’s stock.

A number of research analysts have recently weighed in on MS shares. Credit Suisse Group raised shares of Morgan Stanley from a “neutral” rating to an “outperform” rating and increased their target price for the company from $49.00 to $54.00 in a research report on Monday, October 9th. ValuEngine downgraded shares of Morgan Stanley from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Morgan Stanley from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a report on Friday, October 20th. Wells Fargo & Company assumed coverage on shares of Morgan Stanley in a report on Wednesday, August 9th. They issued a “market perform” rating and a $48.00 price objective for the company. Finally, Buckingham Research raised their price objective on shares of Morgan Stanley from $54.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $50.39.

In other news, insider Jeffrey S. Brodsky sold 16,397 shares of Morgan Stanley stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $50.07, for a total transaction of $820,997.79. Following the sale, the insider now owns 111,776 shares of the company’s stock, valued at approximately $5,596,624.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thomas Colm Kelleher sold 40,000 shares of Morgan Stanley stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $50.59, for a total transaction of $2,023,600.00. Following the sale, the president now directly owns 692,037 shares in the company, valued at approximately $35,010,151.83. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Morgan Stanley (MS) traded down $0.32 during mid-day trading on Tuesday, hitting $48.31. 1,286,108 shares of the company’s stock were exchanged, compared to its average volume of 9,543,540. Morgan Stanley has a 12-month low of $38.40 and a 12-month high of $51.52. The stock has a market capitalization of $88,153.16, a PE ratio of 13.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.66. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.74 and a quick ratio of 0.74.

Morgan Stanley (NYSE:MS) last released its quarterly earnings data on Tuesday, October 17th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.12. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.05 billion. Morgan Stanley had a net margin of 16.76% and a return on equity of 10.07%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. research analysts expect that Morgan Stanley will post 3.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Tuesday, October 31st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Monday, October 30th. Morgan Stanley’s payout ratio is 27.70%.

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Morgan Stanley Profile

Morgan Stanley is a financial holding company. The Company’s segments include Institutional Securities, Wealth Management and Investment Management. The Company’s Institutional Securities business segment provides investment banking, sales and trading, and other services to corporations, governments, financial institutions and high-to-ultra high net worth clients.

Institutional Ownership by Quarter for Morgan Stanley (NYSE:MS)

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