CIBC Asset Management Inc Has $23.06 Million Holdings in Morgan Stanley (NYSE:MS)

CIBC Asset Management Inc increased its stake in shares of Morgan Stanley (NYSE:MS) by 16.1% during the third quarter, HoldingsChannel reports. The fund owned 221,196 shares of the financial services provider’s stock after buying an additional 30,722 shares during the period. CIBC Asset Management Inc’s holdings in Morgan Stanley were worth $23,057,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MS. Opal Wealth Advisors LLC acquired a new stake in shares of Morgan Stanley in the second quarter valued at approximately $25,000. POM Investment Strategies LLC lifted its position in Morgan Stanley by 1,147.6% during the 2nd quarter. POM Investment Strategies LLC now owns 262 shares of the financial services provider’s stock worth $25,000 after buying an additional 241 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Morgan Stanley during the 2nd quarter worth about $26,000. Northwest Investment Counselors LLC bought a new position in shares of Morgan Stanley in the 3rd quarter valued at about $26,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in shares of Morgan Stanley in the second quarter valued at about $29,000. 84.19% of the stock is owned by institutional investors.

Morgan Stanley Stock Up 1.2 %

NYSE MS opened at $134.06 on Friday. The company has a market cap of $215.98 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.23 and a beta of 1.34. 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 company has a 50 day moving average of $111.80 and a 200-day moving average of $103.46. Morgan Stanley has a 1-year low of $76.33 and a 1-year high of $134.91.

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

Morgan Stanley Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.925 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.70 annualized dividend and a dividend yield of 2.76%. Morgan Stanley’s dividend payout ratio is currently 56.32%.

Insiders Place Their Bets

In other news, Director Stephen J. Luczo sold 60,000 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $119.17, for a total transaction of $7,150,200.00. Following the sale, the director now directly owns 138,363 shares in the company, valued at approximately $16,488,718.71. The trade was a 30.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.24% of the company’s stock.

Wall Street Analyst Weigh In

MS has been the subject of a number of analyst reports. UBS Group raised their price target on Morgan Stanley from $102.00 to $112.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Barclays raised their target price on shares of Morgan Stanley from $121.00 to $135.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Royal Bank of Canada upped their price target on shares of Morgan Stanley from $108.00 to $122.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 17th. The Goldman Sachs Group lifted their price objective on shares of Morgan Stanley from $106.00 to $121.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Hsbc Global Res upgraded shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Eleven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $111.29.

Morgan Stanley 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.