New York Life Investment Management LLC Has $30.27 Million Stock Position in Morgan Stanley $MS

Key Points

• New York Life Investment Management trimmed its Morgan Stanley stake by 3.7% in the fourth quarter, but still held 170,481 shares valued at about $30.27 million.
• Morgan Stanley reported better-than-expected quarterly results, with EPS of $3.43 versus the $3.02 estimate and revenue of $20.58 billion, up 16% year over year.
• The company also announced a quarterly dividend of $1.00 per share, equal to an annualized payout of $4.00 and a yield of about 2.1%.

New York Life Investment Management LLC lessened its stake in shares of Morgan Stanley (NYSE:MS - Free Report) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,481 shares of the financial services provider's stock after selling 6,476 shares during the quarter. New York Life Investment Management LLC's holdings in Morgan Stanley were worth $30,265,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Morgan Stanley by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 119,718,100 shares of the financial services provider's stock worth $21,253,554,000 after buying an additional 1,361,940 shares during the period. Capital International Investors grew its stake in Morgan Stanley by 0.6% in the third quarter. Capital International Investors now owns 27,321,214 shares of the financial services provider's stock valued at $4,343,523,000 after acquiring an additional 167,487 shares during the period. Fisher Asset Management LLC grew its stake in Morgan Stanley by 1.9% in the third quarter. Fisher Asset Management LLC now owns 24,494,146 shares of the financial services provider's stock valued at $3,893,590,000 after acquiring an additional 448,960 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Morgan Stanley by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 14,260,650 shares of the financial services provider's stock valued at $2,267,847,000 after acquiring an additional 822,120 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in shares of Morgan Stanley by 3.8% during the third quarter. Schroder Investment Management Group now owns 9,712,071 shares of the financial services provider's stock valued at $1,543,831,000 after acquiring an additional 354,871 shares in the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Eric F. Grossman sold 11,118 shares of the business's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $190.75, for a total value of $2,120,758.50. Following the transaction, the insider directly owned 169,403 shares of the company's stock, valued at approximately $32,313,622.25. The trade was a 6.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel A. Simkowitz sold 14,690 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $189.24, for a total transaction of $2,779,935.60. Following the transaction, the insider owned 365,802 shares of the company's stock, valued at approximately $69,224,370.48. The trade was a 3.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 77,476 shares of company stock valued at $14,644,762. 0.17% of the stock is owned by insiders.

Morgan Stanley Trading Up 0.3%

Shares of MS stock opened at $194.40 on Friday. Morgan Stanley has a 52-week low of $123.88 and a 52-week high of $197.50. The company has a 50-day simple moving average of $175.04 and a two-hundred day simple moving average of $174.78. The company has a market capitalization of $306.63 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.46 and a beta of 1.22. The company has a debt-to-equity ratio of 3.52, a quick ratio of 0.77 and a current ratio of 0.77.

Morgan Stanley (NYSE:MS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The financial services provider reported $3.43 EPS for the quarter, beating analysts' consensus estimates of $3.02 by $0.41. Morgan Stanley had a return on equity of 17.70% and a net margin of 14.65%.The company had revenue of $20.58 billion during the quarter, compared to the consensus estimate of $19.23 billion. During the same period last year, the business posted $2.60 earnings per share. Morgan Stanley's revenue was up 16.0% on a year-over-year basis. Research analysts anticipate that Morgan Stanley will post 11.85 EPS for the current fiscal year.

Morgan Stanley Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, April 30th. Morgan Stanley's payout ratio is presently 36.23%.

More Morgan Stanley News

Here are the key news stories impacting Morgan Stanley this week:

• Positive Sentiment: Morgan Stanley raised its S&P 500 outlook to 8,000 for year-end and 8,300 over 12 months, signaling confidence in the broader equity backdrop and the bank’s market strategy. Article: The stock market doesn’t need Fed cuts, says Morgan Stanley as it rachets S&P 500 view higher
• Positive Sentiment: The firm is being cited in several bullish sector calls, including bullish commentary on Ford and other stocks, which keeps Morgan Stanley visible as a leading voice in equity research and capital markets. Article: Ford's Best 2-Day Rally Since 2020: History Says A 200% Year Could Follow
• Neutral Sentiment: Morgan Stanley was also tied to a new digital bond-market initiative through LTX, suggesting continued investment in electronic fixed-income trading infrastructure rather than a direct earnings catalyst. Article: Morgan Stanley Deepens Digital Bond Push With LTX AI Partnership

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MS. Citigroup increased their target price on Morgan Stanley from $170.00 to $194.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Keefe, Bruyette & Woods boosted their price target on shares of Morgan Stanley from $210.00 to $218.00 and gave the company an "outperform" rating in a research note on Thursday, April 16th. BMO Capital Markets upped their price objective on shares of Morgan Stanley from $190.00 to $220.00 and gave the stock an "outperform" rating in a report on Monday, April 20th. Citizens Jmp reaffirmed a "market perform" rating on shares of Morgan Stanley in a research note on Thursday, April 16th. Finally, Erste Group Bank upgraded shares of Morgan Stanley from a "hold" rating to a "buy" rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Morgan Stanley currently has a consensus rating of "Moderate Buy" and an average price target of $206.26.

Morgan Stanley Company Profile

Morgan Stanley NYSE: MS is a global financial services firm headquartered in New York City. Founded in 1935 by Henry S. Morgan and Harold Stanley, the company provides a broad range of investment banking, securities, wealth management and investment management services to corporations, governments, institutions and individual investors. Leadership has been guided by a senior executive team and board of directors; James P. Gorman has served as the company's chief executive and chairman in recent years.

The firm's primary business activities are organized around three principal businesses: Institutional Securities, Wealth Management and Investment Management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.