UMB Bank n.a. Has $20.41 Million Stock Holdings in Morgan Stanley (NYSE:MS)

UMB Bank n.a. decreased its position in Morgan Stanley (NYSE:MS) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 195,757 shares of the financial services provider’s stock after selling 11,447 shares during the quarter. UMB Bank n.a.’s holdings in Morgan Stanley were worth $20,406,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Regal Investment Advisors LLC raised its stake in shares of Morgan Stanley by 3.3% during the fourth quarter. Regal Investment Advisors LLC now owns 4,008 shares of the financial services provider’s stock worth $374,000 after buying an additional 128 shares during the last quarter. Visionary Wealth Advisors raised its position in shares of Morgan Stanley by 8.4% during the 4th quarter. Visionary Wealth Advisors now owns 6,957 shares of the financial services provider’s stock valued at $649,000 after acquiring an additional 541 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Morgan Stanley during the 4th quarter valued at $580,000. Vivaldi Capital Management LP lifted its stake in shares of Morgan Stanley by 11.2% in the 4th quarter. Vivaldi Capital Management LP now owns 5,347 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 540 shares during the period. Finally, Pitcairn Co. boosted its position in shares of Morgan Stanley by 33.8% in the 4th quarter. Pitcairn Co. now owns 37,731 shares of the financial services provider’s stock worth $3,518,000 after purchasing an additional 9,528 shares during the last quarter. 84.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MS. The Goldman Sachs Group raised their target price on Morgan Stanley from $105.00 to $106.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. UBS Group lifted their price objective on shares of Morgan Stanley from $102.00 to $112.00 and gave the stock a “neutral” rating in a research note on Tuesday. Barclays boosted their price objective on shares of Morgan Stanley from $116.00 to $121.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Hsbc Global Res raised shares of Morgan Stanley from a “hold” rating to a “strong-buy” rating in a report on Friday, October 4th. Finally, HSBC upgraded Morgan Stanley from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.06.

Morgan Stanley Stock Performance

NYSE MS traded down $1.23 during trading on Thursday, reaching $107.81. The company’s stock had a trading volume of 875,701 shares, compared to its average volume of 7,017,207. The firm has a 50 day moving average price of $100.60 and a 200 day moving average price of $98.27. Morgan Stanley has a 12 month low of $69.42 and a 12 month high of $109.36. The firm has a market capitalization of $175.21 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.96.

Morgan Stanley (NYSE:MS) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.17. The business had revenue of $15.02 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Morgan Stanley had a return on equity of 11.85% and a net margin of 10.17%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.24 earnings per share. As a group, equities analysts anticipate that Morgan Stanley will post 7.03 EPS for the current fiscal year.

Morgan Stanley Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a dividend of $0.925 per share. This is a positive change from Morgan Stanley’s previous quarterly dividend of $0.85. This represents a $3.70 annualized dividend and a dividend yield of 3.43%. The ex-dividend date was Wednesday, July 31st. Morgan Stanley’s dividend payout ratio is 67.40%.

Insider Buying and Selling

In related news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $106.62, for a total transaction of $106,620.00. Following the completion of the sale, the director now owns 95,908 shares of the company’s stock, valued at $10,225,710.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Mandell Crawley sold 3,500 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $105.25, for a total value of $368,375.00. Following the completion of the transaction, the insider now directly owns 43,224 shares in the company, valued at approximately $4,549,326. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert H. Herz sold 1,000 shares of the firm’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $106.62, for a total value of $106,620.00. Following the sale, the director now directly owns 95,908 shares in the company, valued at approximately $10,225,710.96. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 252,000 shares of company stock worth $26,546,370. Company insiders own 0.24% of the company’s stock.

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. It operates through Institutional Securities, Wealth Management, and Investment Management segments.